Manufacturing Facility with Loading
580 Fountain Avenue, Brooklyn, NY 11208
For Sale
Contact for pricing
FDA-certified space combines production, distribution, finished offices, and a ramp-access warehouse.
Property Size144,000 SF
Price / SF$310
Days on Market46
Property Features for 580 Fountain Avenue
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Heavy Power
Additional Details
Asking Price
Highway Access
Property Use
Listing Agency:
Greiner-Maltz Company of New York, Inc.
Listed By:
Ron Godel · License NY 31GO0902665
Source:
Crexi
Added: Sep 30
Changed: Nov 12
Last Checked: Nov 12 at 8:02AM
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 Greiner-Maltz Company of New York, Inc.
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Investment Insights
Based on property information with market context.
This 144,000-square-foot manufacturing and distribution property is FDA certified and includes finished office space alongside warehouse areas. A ramp provides access to a lower-level warehouse. The facility has 22-foot ceilings, heavy power, and 10 interior loading docks sized for 53-foot trailers.
The property is on Linden Boulevard in Brooklyn, with access to the BQE and Van Wyck. JFK Airport is nearby, and two subway stations are within walking distance. The stated service area includes Manhattan, Queens, the Bronx, Staten Island, and Long Island.
The property is on Linden Boulevard in Brooklyn, with access to the BQE and Van Wyck. JFK Airport is nearby, and two subway stations are within walking distance. The stated service area includes Manhattan, Queens, the Bronx, Staten Island, and Long Island.
Key Highlights
- 144,000‑square‑foot FDA‑certified manufacturing and distribution facility
- 10 interior loading docks accommodate 53‑foot trailers
- 22‑foot ceilings and heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,936,425
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,728,500
$58.7M
Cap Rate 7%
$41,948,929
$41.9M
Cap Rate 9%
$32,626,944
$32.6M
Market Conditions
NOI Build-Up for 144,000 SF
Gross rent
$3.63M $25.20/SF
− Vacancy
−$174.2K −$1.21/SF
EGI
$3.45M $23.99/SF
− OpEx
−$518.2K −$3.60/SF
NOI
$2.94M $20.39/SF
Area
ZIP 11208
Vacancy
4.80%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,728,500
Cap Rate 7%
$41,948,929
Cap Rate 9%
$32,626,944
Alternative Uses
Best Use
Warehouse
$41.95M
$36.71M – $48.94M
NOI $2,936,425 @ 7.0% cap · market cap 6.58%
Second Best
Industrial
$36.08M
$31.57M – $42.09M
NOI $2,525,403 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$88.11M
$77.10M – $102.80M
NOI $6,167,716 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
22 ft
Clear height
10
Dock-high doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - FDA-certified space combines production, distribution, finished offices, and a ramp-access warehouse.
Where is this manufacturing property located?
The property is located at 580 Fountain Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $44,640,000.
What are key features of this property?
This property features: 144,000‑square‑foot FDA‑certified manufacturing and distribution facility; 10 interior loading docks accommodate 53‑foot trailers; 22‑foot ceilings and heavy power
