Corner Warehouse with Loading
New
For Sale
$7,000,000
6117 6th Avenue, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size10,000 SF
Lot Size0.23 Acres
Price / SF$700
Days on Market2
Property Features for 6117 6th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-1
Subdivision
Sunset Park
Standard status
Active
Size
10,000 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Annual Amount
30002
Building Details
Year built
1931
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
David Feng
(718) 680-2776
Added: Sep 5
Last Checked: Sep 6 at 1:06PM
MLS# 504301
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant warehouse contains approximately 10,000 SF within a corner building constructed in 1931. The property has block and brick construction, a flat roof, approximately 13-foot ceilings, and one loading dock. M1-1 zoning supports its established industrial character, while any redevelopment or expanded use remains subject to zoning requirements and applicable approvals.
Positioned at 6117 6th Avenue in Brooklyn, the property offers access to the BQE within minutes. The site encompasses 0.2296 acres and is delivered completely vacant, allowing the next owner to evaluate its existing warehouse configuration or pursue a permitted future plan.
Positioned at 6117 6th Avenue in Brooklyn, the property offers access to the BQE within minutes. The site encompasses 0.2296 acres and is delivered completely vacant, allowing the next owner to evaluate its existing warehouse configuration or pursue a permitted future plan.
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.
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Frequently Asked Questions
What type of property is this?
Warehouse - Vacant warehouse with M1-1 zoning, loading access, and adaptable commercial utility.
Where is this warehouse located?
The property is located at 6117 6th Avenue 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
