Corner Warehouse with Loading
For Sale
Contact for pricing
Pending
6117 6th Ave, New York, NY 11220
Vacant, single-story warehouse with M1-1 zoning, two commercial units, and corner positioning in Sunset Park.
Property Size10,000 SF
Lot Size0.23 Acres
Days on Market159
Property Features for 6117 6th Ave
General Information
Standard status
Pending
Size
10,000 SF
Class
Contractors Warehouse (E2)
Lot size
0.23 Acres
Property subtype
Industrial
Zoning
M1-1
Investment Type
Value Add
Warehouse & Industrial
Clear Height
13 ft
Warehouse Space
10,000 SF
Dock-High Doors
1
Building Details
Year Built
1931
Year Renovated
2003
Buildings
1
Stories
1
Units
2
Building Size
10,000 SF
Listing Agency:
Capital Realty Investors, Inc
Listed By:
Flavia Zaguini · License #10311210405
Source:
Crexi
Added: Mar 30
Changed: Sep 2
Last Checked: Sep 1 at 1:52AM
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 Capital Realty Investors, Inc
Investment Insights
Based on property information with market context.
This single-story warehouse property occupies a corner position in Sunset Park and is being delivered vacant. The building contains approximately 10,000 square feet, two commercial units, two bathrooms, a 13-foot ceiling, and one loading dock. The site measures approximately 10,000 square feet and includes one building.
Located at 6117 6th Avenue, also identified as 6113–6123 6th Avenue, the property sits at the corner of 62nd Street in Brooklyn. M1-1 zoning supports its industrial commercial classification, while the existing warehouse configuration provides a straightforward base for occupancy or repositioning.
Located at 6117 6th Avenue, also identified as 6113–6123 6th Avenue, the property sits at the corner of 62nd Street in Brooklyn. M1-1 zoning supports its industrial commercial classification, while the existing warehouse configuration provides a straightforward base for occupancy or repositioning.
Key Highlights
- Approximately 10,000 SF warehouse building on an approximately 10,000 SF lot
- Corner location at 6th Avenue and 62nd Street in Sunset Park
- Delivered vacant with 2 commercial units
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
Current Use
Lease Details
13 ft
Clear height
1
Dock-high doors
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
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- 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, single-story warehouse with M1-1 zoning, two commercial units, and corner positioning in Sunset Park.
Where is this warehouse located?
The property is located at 6117 6th Ave New York, 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 warehouse building on an approximately 10,000 SF lot; Corner location at 6th Avenue and 62nd Street in Sunset Park; Delivered vacant with 2 commercial units
