Industrial Warehouse with
For Sale
$11,000,000
585 Meserole Street, Brooklyn, NY 11237
Freestanding industrial space combines dedicated office area with built-in refrigerated storage in an M3-1 zone.
Property Size19,800 SF
Price / SF$555.56
Days on Market118
Property Features for 585 Meserole Street
General Information
Standard status
Active
Size
19,800 SF
Property subtype
Commercial
Zoning
M3-1
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
18,125 SF
Office Build-Out
1,675 SF
Cold Storage
Yes
Cold Storage Area
2,700 SF
Freezer
2,700 SF
Additional Details
Highway Access
Yes
Property Use
Warehouse
Taxes and HOA fees
Annual Taxes
$92,285
Building Details
Building Size
19,800 SF
Year Built
1980
Buildings
1
Listing Agency:
Trademarko Realty Inc
(718) 502-5141
Listed By:
Marek Sobolewski · License #10311207231
(718) 710-8170
Source:
Croninreale
Added: Jun 29
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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 Trademarko Realty Inc
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Investment Insights
Based on property information with market context.
At 585 Meserole Street, this freestanding industrial warehouse contains 19,800 square feet, including 1,675 square feet of built-out office space and 18,125 square feet of warehouse floor area. The building has 20-foot clear height and two walk-in freezers, each measuring approximately 30 by 45 feet, for 2,700 square feet of combined cold storage. The property is zoned M3-1 and was built in 1980.
The East Williamsburg location is near the Brooklyn-Queens Expressway (I-278). J and M train service is available at Kosciuszko Street, with the L train at Grand Street. The property sits in the East Williamsburg/Bushwick industrial zone, among warehousing, distribution, and light manufacturing operations.
The East Williamsburg location is near the Brooklyn-Queens Expressway (I-278). J and M train service is available at Kosciuszko Street, with the L train at Grand Street. The property sits in the East Williamsburg/Bushwick industrial zone, among warehousing, distribution, and light manufacturing operations.
Key Highlights
- 19,800‑square‑foot freestanding warehouse with 18,125 square feet of warehouse floor area
- Two walk‑in freezers, each approximately 30 by 45 feet; 2,700 SF combined cold storage
- 1,675 SF of built‑out office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$427,727
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,554,540
$8.6M
Cap Rate 7%
$6,110,386
$6.1M
Cap Rate 9%
$4,752,522
$4.8M
Market Conditions
NOI Build-Up for 19,800 SF
Gross rent
$527.5K $26.64/SF
− Vacancy
−$24.3K −$1.23/SF
EGI
$503.2K $25.41/SF
− OpEx
−$75.5K −$3.81/SF
NOI
$427.7K $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%
$8,554,540
Cap Rate 7%
$6,110,386
Cap Rate 9%
$4,752,522
Alternative Uses
Best Use
Warehouse
$6.11M
$5.35M – $7.13M
NOI $427,727 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.39M
$14.35M – $19.13M
NOI $1,147,608 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,170
Businesses Nearby
Well-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial space combines dedicated office area with built-in refrigerated storage in an M3-1 zone.
Where is this warehouse located?
The property is located at 585 Meserole Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: 19,800‑square‑foot freestanding warehouse with 18,125 square feet of warehouse floor area; Two walk‑in freezers, each approximately 30 by 45 feet; 2,700 SF combined cold storage; 1,675 SF of built‑out office space
