Vacant Warehouse with Flexible
544 39th St, Brooklyn, NY 11232
For Sale
$1,695,000
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 Market54
Property Features for 544 39th St
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Sep 15
Changed: Oct 25
Last Checked: Nov 6 at 10:25AM
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
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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 / Yr
$57,057
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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
$782,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Brooklyn, NY
Properties on Market for Warehouses in Brooklyn
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Stop and Stor East Flatbush / Flatlands — 4710 Glenwood Rd, Brooklyn, NY 11234
- Public Storage — 1534 Utica Ave, Brooklyn, NY 11234
- Near Perfect Self Storage Units — 1326 Flatbush Ave, Brooklyn, NY 11210, United States
- Vision metro moving Inc Local & long distance — 1976 Nostrand Ave 2115 Dix av far rockaway NY 11691, 1 unit, NY 11210
- Schenectady Storage Facility — 1462 Schenectady Ave, Brooklyn, NY 11203
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
