Vacant Brick
For Sale
$1,695,000
544 39th Street, Brooklyn, NY 11232
Commercial, Brooklyn, NY
Property Size2,375 SF
Lot Size0.06 Acres
Price / SF$713.68
Days on Market48
Property Features for 544 39th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-2
Subdivision
Sunset Park
Standard status
Active
Size
2,375 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11514
Building Details
Year built
1935
Floors in Building
1
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Added: Sep 14
Changed: Oct 10
Last Checked: Oct 31 at 12:06PM
MLS# 504497
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This vacant warehouse contains approximately 2,375 square feet in an open, functional configuration. The building was constructed in 1935 with brick construction and a flat roof, providing a straightforward industrial property profile for an owner-user or future tenant. The space can support storage, distribution, light manufacturing, showroom, workshop, and other permitted commercial uses identified for the property.
Located at 544 39th Street in Brooklyn, the property is positioned within an industrial and commercial area with access to major roadways, public transportation, and surrounding business hubs. M1-2 zoning adds a defined land-use framework, while the vacant delivery condition allows the next owner to occupy, lease, or customize the space without an existing tenancy in place.
Located at 544 39th Street in Brooklyn, the property is positioned within an industrial and commercial area with access to major roadways, public transportation, and surrounding business hubs. M1-2 zoning adds a defined land-use framework, while the vacant delivery condition allows the next owner to occupy, lease, or customize the space without an existing tenancy in place.
Key Highlights
- Approximately 2,375 square feet of warehouse space
- M1‑2 zoning
- Delivered vacant at closing
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
Paved road 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
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
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- 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 warehouse space with an open layout, M1-2 zoning, and flexibility for owner occupancy or leasing.
Where is this warehouse located?
The property is located at 544 39th Street 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 warehouse space; M1‑2 zoning; Delivered vacant at closing
