Vacant Warehouse with Flexible
New
For Sale
$1,695,000
544 39th St, Brooklyn, NY 11232
Vacant Brooklyn warehouse offering adaptable space for storage, distribution, light manufacturing, showroom, or workshop use.
Property Size2,375 SF
Price / SF$713.68
Days on Market3
Property Features for 544 39th St
General Information
Standard status
Active
Size
2,375 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$11,514
Building Details
Building Size
2,375 SF
Year Built
1935
Stories
1
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Sep 15
Last Checked: Sep 16 at 5:35PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This warehouse property at 544 39th St in Brooklyn provides approximately 2,375 square feet of usable space and is scheduled for delivery vacant at closing. The open configuration can accommodate storage, distribution, light manufacturing, showroom operations, workshop activity, or other permitted commercial uses. Constructed in 1935, the property can support an owner-user or a future tenant seeking a practical industrial setting.
The property is positioned within Brooklyn’s industrial and commercial area, with access to major roadways, public transportation, and surrounding business hubs. Walk Score is 91, Transit Score is 89, and Bike Score is 74, reflecting strong access to pedestrian, transit, and bicycle networks.
The property is positioned within Brooklyn’s industrial and commercial area, with access to major roadways, public transportation, and surrounding business hubs. Walk Score is 91, Transit Score is 89, and Bike Score is 74, reflecting strong access to pedestrian, transit, and bicycle networks.
Key Highlights
- Approximately 2,375 square feet of usable warehouse space
- Delivered vacant at closing for owner occupancy or leasing
- Open layout supports storage, distribution, light manufacturing, showroom, and workshop uses
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
$57,057
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
3.37%
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%
$1,141,140
$1.1M
Cap Rate 7%
$815,100
$815.1K
Cap Rate 9%
$633,967
$634.0K
Market Conditions
NOI Build-Up for 2,375 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
$99.8K $42.00/SF
− Vacancy
−$12.0K −$5.04/SF
EGI
$87.8K $36.96/SF
− OpEx
−$30.7K −$12.94/SF
NOI
$57.1K $24.02/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,141,140
Cap Rate 7%
$815,100
Cap Rate 9%
$633,967
Alternative Uses
Best Use
Flex RnD
$815.1K
$713.2K – $951.0K
NOI $57,057 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$732.9K
$641.3K – $855.1K
NOI $51,306 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,655 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,666
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant Brooklyn warehouse offering adaptable space for storage, distribution, light manufacturing, showroom, or workshop use.
Where is this warehouse located?
The property is located at 544 39th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Approximately 2,375 square feet of usable warehouse space; Delivered vacant at closing for owner occupancy or leasing; Open layout supports storage, distribution, light manufacturing, showroom, and workshop uses
