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    New Construction Industrial Space Title is generated by Realmo AI

    5901 Foster Avenue / 1500 Ralph Avenue, Brooklyn, NY 11234

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    New industrial building with loading docks and parking. Available Q2 2026.

    Type:Industrial, Land
    Property size:
    37,312 SF
    Lot size:
    0.23 Acres
    Added:
    May 23, 2026
    Days on Market:
    15
    Last Refresh:
    May 27 at 7:51 am

    Property Features for 5901 Foster Avenue / 1500 Ralph Avenue

    General Information

    Standard status
    Active
    Size
    37,312 SF
    Lot size
    0.23 Acres
    Property subtype
    Industrial, Land

    Spaces For Lease

    at 5901 Foster Avenue / 1500 Ralph Avenue Contact us

    We can help!

    Listing Contact
    Samer Khoury

    Listing agent Samer Khoury License #10401365640

    Listing office DY Realty Group

    Listing date May 23, 2026

    Source Crexi

    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 DY Realty Group

    HighLights

    • New construction building with 33,500 rsf ground floor and mezzanine office space within a total of 37,312 sf.
    • Excellent truck access to Brooklyn's key transportation arteries.
    • Benefit from 9,916 sf fenced and paved parking adjacent to the building.
    • Features four interior loading dock positions and six drive‑in doors.
    • Corner property with two street frontages.
    • Divides naturally into two ±18,650 sf units with adjacent land included.

    Overview

    A new construction building totaling 37,312 square feet is available for lease at 5901 Foster Avenue / 1500 Ralph Avenue in Canarsie, Brooklyn. The ground floor comprises 33,500 rentable square feet with ceiling heights ranging from 20 to 25 feet. The space includes 4 interior loading dock positions and 6 drive-in doors, along with a total of 3,812 rentable square feet of mezzanine office space located above the loading dock areas. Adjacent to the building is 9,916 square feet of fenced and paved parking. The site is a corner property with frontage on two streets. The building can be divided into two approximately 18,650 square foot units, each with adjacent land. Possession is expected in Q2 2026. The location offers commercial and truck access to Brooklyn's key transportation arteries. Flatbush Avenue, a north-south corridor providing direct routes to Downtown Brooklyn, Prospect Park, and southern Brooklyn communities, is easily accessible. Designated truck routes are accessible from Ralph Avenue and connecting roadways, ensuring efficient delivery and transport operations. The property's proximity to established industrial and commercial zones within Brooklyn streamlines business operations and reduces transit times.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.990884
    Latitude
    40.623537

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    FAQs

    What type of property is this?
    Distribution center - New industrial building with loading docks and parking. Available Q2 2026.
    Where is this distribution center located?
    The property is located at 5901 Foster Avenue / 1500 Ralph Avenue Brooklyn, NY.
    What are key features of this property?
    This property features: New construction building with **33,500 rsf ground floor and mezzanine office space** within a total of 37,312 sf.; Excellent truck access to Brooklyn's key transportation arteries.; Benefit from **9,916 sf fenced and paved parking** adjacent to the building.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Samer Khoury
    Real Estate License ID: 10401365640
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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