Corner Warehouse with Loading
New
For Sale
$7,000,000
6117 6th Ave, Brooklyn, NY 11220
Vacant industrial building with M1-1 zoning and convenient BQE access.
Property Size10,000 SF
Price / SF$700
Days on Market2
Property Features for 6117 6th Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Zoning
M1-1
Warehouse & Industrial
Clear Height
13 ft
Dock-High Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$30,002
Building Details
Building Size
10,000 SF
Year Built
1931
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
David Feng
(718) 680-2776
Source:
Elliman
Added: Sep 6
Last Checked: Sep 6 at 2:21PM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
Built in 1931, this approximately 10,000-square-foot corner warehouse at 6117 6th Ave is delivered completely vacant. The building offers approximately 13-foot ceiling height, one loading dock, and M1-1 zoning, providing a defined industrial setting for an owner-user or investor subject to applicable requirements.
The property is located in Sunset Park with access to the BQE within minutes. Transit, walking, and cycling scores are 86, 97, and 82, respectively, reflecting established connectivity around the site. Its corner configuration and vacant delivery provide a clear starting point for evaluating warehouse operations or other permitted uses under current zoning.
The property is located in Sunset Park with access to the BQE within minutes. Transit, walking, and cycling scores are 86, 97, and 82, respectively, reflecting established connectivity around the site. Its corner configuration and vacant delivery provide a clear starting point for evaluating warehouse operations or other permitted uses under current zoning.
Key Highlights
- Approximately 10,000 SF corner warehouse
- M1‑1 zoning
- Approximately 13‑foot ceiling height
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
$252,470
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
3.61%
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%
$5,049,400
$5.0M
Cap Rate 7%
$3,606,714
$3.6M
Cap Rate 9%
$2,805,222
$2.8M
Market Conditions
NOI Build-Up for 10,000 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
$312.0K $31.20/SF
− Vacancy
−$15.0K −$1.50/SF
EGI
$297.0K $29.70/SF
− OpEx
−$44.6K −$4.46/SF
NOI
$252.5K $25.25/SF
Area
ZIP 11220
Vacancy
4.80%
Lease Rate
$31.20 /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%
$5,049,400
Cap Rate 7%
$3,606,714
Cap Rate 9%
$2,805,222
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,470 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,792 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,675
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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.
Similar Off Market Nearby
- Backrich Storage Facility — 7420 6th Ave 1st floor, Brooklyn, NY 11209
- BG Moving — 375 76th St #5D, Brooklyn, NY 11209
- Self Storage — 770 59th st, brooklyn, ny 11220
- Stop and Stor Bay Ridge / Sunset Park — 534 63rd St, Brooklyn, NY 11220
- Preaky Storage Facility — 6401-6411 2nd Ave, Brooklyn, NY 11220
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant industrial building with M1-1 zoning and convenient BQE access.
Where is this warehouse located?
The property is located at 6117 6th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Approximately 10,000 SF corner warehouse; M1‑1 zoning; Approximately 13‑foot ceiling height
