Development-Ready Warehouse
For Sale
$400,000
57 wyona St, Brooklyn, NY 11207
Warehouse site in C4-4L with EC-6 overlay, positioned for mixed-use and community or office development subject to approvals.
Property Size1,000 SF
Days on Market57
Property Features for 57 wyona St
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Commercial
Zoning
C4-4L
Taxes and HOA fees
Annual Taxes
$1,410
Building Details
Building Size
1,000 SF
Listing Agency:
Baring Homes Corp
(347) 951-6729
Listed By:
Abhijit Singh
(347) 951-6729
Source:
Elliman
Added: Jun 21
Changed: Aug 11
Last Checked: Aug 16 at 5:35AM
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 Baring Homes Corp
Investment Insights
Based on property information with market context.
This property is a warehouse site that can support development planning within Brooklyn’s East New York area. The offering is presented as a development opportunity due to its site configuration and the applicable zoning framework, subject to all required governmental approvals and determinations.
The property is located within a C4-4L zoning district and an EC-6 Commercial Overlay. Public remarks also reference proximity to the Fulton Street retail corridor, as well as access to public transportation, schools, parks, and neighborhood amenities, which may be relevant for end users and developers evaluating location and surrounding demand drivers.
For buyers considering redevelopment, the zoning designation is the central consideration, as it may allow for mixed-use and uses such as residential, commercial, office, and community facilities, subject to applicable regulations, approvals, and due diligence. Interested parties should review permitted uses, development rights, floor area ratio (FAR), and all governmental requirements as part of their evaluation.
The property is located within a C4-4L zoning district and an EC-6 Commercial Overlay. Public remarks also reference proximity to the Fulton Street retail corridor, as well as access to public transportation, schools, parks, and neighborhood amenities, which may be relevant for end users and developers evaluating location and surrounding demand drivers.
For buyers considering redevelopment, the zoning designation is the central consideration, as it may allow for mixed-use and uses such as residential, commercial, office, and community facilities, subject to applicable regulations, approvals, and due diligence. Interested parties should review permitted uses, development rights, floor area ratio (FAR), and all governmental requirements as part of their evaluation.
Key Highlights
- Warehouse site in a C4‑4L zoning district with an EC‑6 Commercial Overlay
- Zoning supports potential mixed‑use, residential, commercial, office, and community facility development subject to approvals
- Buyer to verify permitted uses, FAR, development rights, and all governmental requirements during due diligence
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
$21,602
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
5.40%
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%
$432,040
$432.0K
Cap Rate 7%
$308,600
$308.6K
Cap Rate 9%
$240,022
$240.0K
Market Conditions
NOI Build-Up for 1,000 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
$26.6K $26.64/SF
− Vacancy
−$1.2K −$1.23/SF
EGI
$25.4K $25.41/SF
− OpEx
−$3.8K −$3.81/SF
NOI
$21.6K $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 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%
$432,040
Cap Rate 7%
$308,600
Cap Rate 9%
$240,022
Alternative Uses
Best Use
Warehouse
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 5.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,064
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Warehouse site in C4-4L with EC-6 overlay, positioned for mixed-use and community or office development subject to approvals.
Where is this warehouse located?
The property is located at 57 wyona St Brooklyn, NY.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Warehouse site in a C4‑4L zoning district with an EC‑6 Commercial Overlay; Zoning supports potential mixed‑use, residential, commercial, office, and community facility development subject to approvals; Buyer to verify permitted uses, FAR, development rights, and all governmental requirements during due diligence
