Elevator-Served Industrial
New
For Sale
$8,800,000
563 Johnson Avenue, Brooklyn, NY 11237
Three occupied commercial levels include interior stair access and a reinforced concrete structure.
Property Size18,859 SF
Lot Size0.22 Acres
Price / SF$466.62
Days on Market3
Property Features for 563 Johnson Avenue
General Information
Standard status
Active
Size
18,859 SF
Lot size
0.22 Acres
Property subtype
Industrial
Zoning
M3-1
Additional Details
Clear Height
17.6 ft
Taxes and HOA fees
Annual Taxes
$97,758
Amenities
elevator
outdoor terrace
Building Details
Building Size
18,859 SF
Year Built
2009
Buildings
1
Stories
3
Construction
reinforced concrete
Tenancy
Multi
Listing Agency:
Chase Global Realty Corp
Listed By:
Sophia X. Yao · License #10311201216
(929) 260-9118
Source:
Onestopagencyny
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 8:15AM
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 Chase Global Realty Corp
Investment Insights
Based on property information with market context.
This three-story industrial warehouse contains approximately 18,859 SF within a reinforced concrete building completed in 2009. The first floor offers approximately 7,000 SF with 17.6-foot ceilings. The second and third floors each provide approximately 6,000 SF, with ceiling heights of 12.3 feet and approximately 12.6 feet, respectively. An elevator and interior stairs serve the building, and the second floor has an outdoor terrace. Three commercial tenants currently occupy the property.
The site measures approximately 9,580 SF, or approximately 95.8’ x 100’, and includes approximately 3,000 SF of outdoor loading and parking area. Zoned M3-1, the property is on Johnson Avenue in East Williamsburg, Brooklyn, approximately 5 minutes from the L train. The surrounding district includes warehouse, wholesale, manufacturing, distribution, film production, and creative industrial businesses.
The site measures approximately 9,580 SF, or approximately 95.8’ x 100’, and includes approximately 3,000 SF of outdoor loading and parking area. Zoned M3-1, the property is on Johnson Avenue in East Williamsburg, Brooklyn, approximately 5 minutes from the L train. The surrounding district includes warehouse, wholesale, manufacturing, distribution, film production, and creative industrial businesses.
Key Highlights
- Approximately 18,859 SF of building area across three stories
- Approximately 9,580 SF lot measuring approximately 95.8’ x 100’
- M3‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$407,399
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,147,980
$8.1M
Cap Rate 7%
$5,819,986
$5.8M
Cap Rate 9%
$4,526,656
$4.5M
Market Conditions
NOI Build-Up for 18,859 SF
Gross rent
$502.4K $26.64/SF
− Vacancy
−$23.1K −$1.23/SF
EGI
$479.3K $25.41/SF
− OpEx
−$71.9K −$3.81/SF
NOI
$407.4K $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 Rate 5%
$8,147,980
Cap Rate 7%
$5,819,986
Cap Rate 9%
$4,526,656
Alternative Uses
Best Use
Warehouse
$5.82M
$5.09M – $6.79M
NOI $407,399 @ 7.0% cap · market cap 4.63%
Second Best
Industrial
$4.79M
$4.19M – $5.59M
NOI $335,505 @ 7.0% cap · market cap 3.81%
Theoretical Best
Specialty Retail
$15.62M
$13.66M – $18.22M
NOI $1,093,068 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
17 ft
Clear height
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,058
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 - Three occupied commercial levels include interior stair access and a reinforced concrete structure.
Where is this warehouse located?
The property is located at 563 Johnson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: Approximately 18,859 SF of building area across three stories; Approximately 9,580 SF lot measuring approximately 95.8’ x 100’; M3‑1 zoning
