Single-Story Warehouse with
For Sale
Contact for pricing
Pending
413 Liberty Avenue, Brooklyn, NY 11207
M1-4-zoned facility offers dock and drive-in loading access.
Property Size36,050 SF
Days on Market138
Property Features for 413 Liberty Avenue
General Information
Standard status
Pending
Size
36,050 SF
Property subtype
Industrial
Zoning
M1-4
Investment Type
Owner/User
Warehouse & Industrial
Clear Height
15 ft
Dock-High Doors
2
Building Details
Buildings
1
Stories
1
Building Size
36,050 SF
Listing Agency:
Houlihan Lawrence
Listed By:
Mike Rackenberg · License #CT 10401251020
Source:
Crexi
Added: Apr 20
Changed: Sep 1
Last Checked: Sep 1 at 1:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Houlihan Lawrence
Investment Insights
Based on property information with market context.
Located at 413 Liberty Avenue in Brooklyn, this 36,050-square-foot industrial building is configured on a single level for warehouse and distribution use. The facility includes dual dock loading, drive-in access, three-sided frontage, and 15-foot ceiling heights.
The M1-4 zoning designation supports the property’s industrial classification. Its loading configuration and circulation features provide a practical layout for storage, warehouse, and distribution operations.
The M1-4 zoning designation supports the property’s industrial classification. Its loading configuration and circulation features provide a practical layout for storage, warehouse, and distribution operations.
Key Highlights
- 36,050‑square‑foot single‑story industrial facility
- Dual dock loading plus drive‑in access
- Three‑sided frontage supports circulation around the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$778,766
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,575,320
$15.6M
Cap Rate 7%
$11,125,229
$11.1M
Cap Rate 9%
$8,652,956
$8.7M
Market Conditions
NOI Build-Up for 36,050 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$960.4K $26.64/SF
− Vacancy
−$44.2K −$1.23/SF
EGI
$916.2K $25.41/SF
− OpEx
−$137.4K −$3.81/SF
NOI
$778.8K $21.60/SF
Area
Brooklyn, NY
Vacancy
4.60%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$15,575,320
Cap Rate 7%
$11,125,229
Cap Rate 9%
$8,652,956
Alternative Uses
Best Use
Warehouse
$11.13M
$9.73M – $12.98M
NOI $778,766 @ 7.0% cap · market cap 5.19%
Second Best
Industrial
$9.16M
$8.02M – $10.69M
NOI $641,336 @ 7.0% cap · market cap 4.28%
Theoretical Best
Specialty Retail
$29.85M
$26.12M – $34.82M
NOI $2,089,458 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15 ft
Clear height
2
Dock-high doors
Location Intelligence
Trade Area within ½ mile
2,906
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - M1-4-zoned facility offers dock and drive-in loading access.
Where is this warehouse located?
The property is located at 413 Liberty Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: 36,050‑square‑foot single‑story industrial facility; Dual dock loading plus drive‑in access; Three‑sided frontage supports circulation around the building
