15,500 SF Buildable Brooklyn
For Sale
Contact for pricing
Pending
5320 3rd ave ny 11220, Brooklyn, NY 11220
15,500 SF building, buildable to 31,000 SF.
Property Size15,500 SF
Days on Market431
Property Features for 5320 3rd ave ny 11220
General Information
Standard status
Pending
Size
15,500 SF
Class
B
Property subtype
Industrial
Zoning
m1
Building Details
Year Built
1986
Buildings
1
Stories
2
Units
1
Listing Agency:
Robert Defalco Realty
Listed By:
Salvatore Messina · License #10401352932
Source:
Crexi
Added: Jun 12, 2025
Changed: Aug 8
Last Checked: Aug 15 at 5:23AM
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 Robert Defalco Realty
Investment Insights
Based on property information with market context.
The property features a 15,500-square-foot building that can be built up to 31,000 square feet for a community facility. The building includes a 4,000-square-foot driver-down basement, a 6,000-square-foot second floor, and a 6,500-square-foot first floor. It also has two large roll-down gates and a loading dock.
Key Highlights
- Buildable to 31,000 sq ft for community facility
- 15,500 sq ft building
- Loading dock for easy deliveries
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
$391,329
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
5.80%
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%
$7,826,580
$7.8M
Cap Rate 7%
$5,590,414
$5.6M
Cap Rate 9%
$4,348,100
$4.3M
Market Conditions
NOI Build-Up for 15,500 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
$483.6K $31.20/SF
− Vacancy
−$23.2K −$1.50/SF
EGI
$460.4K $29.70/SF
− OpEx
−$69.1K −$4.46/SF
NOI
$391.3K $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /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%
$7,826,580
Cap Rate 7%
$5,590,414
Cap Rate 9%
$4,348,100
Alternative Uses
Best Use
Warehouse
$5.59M
$4.89M – $6.52M
NOI $391,329 @ 7.0% cap · market cap 5.80%
Second Best
Industrial
$4.94M
$4.32M – $5.77M
NOI $345,967 @ 7.0% cap · market cap 5.13%
Theoretical Best
Office A
$10.05M
$8.79M – $11.72M
NOI $703,378 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 15,500 SF building, buildable to 31,000 SF.
Where is this warehouse located?
The property is located at 5320 3rd ave ny 11220 Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Buildable to 31,000 sq ft for community facility; 15,500 sq ft building; Loading dock for easy deliveries
