Flex Space with M1-2
For Sale
Contact for pricing
73 Kent Ave, Brooklyn, NY 11249
Flex space zoned M1-2 with frontage on Kent Avenue and North 9th Street and delivery vacant for redevelopment planning.
Property Size25,520 SF
Price / SF$705.33
Days on Market151
Property Features for 73 Kent Ave
General Information
Standard status
Active
Size
25,520 SF
Property subtype
INDUSTRIAL
Zoning
M1-2
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
BKREA
(917) 509-9501
Listed By:
Bob Knakal · License #10301211305
(917) 509-9501
Source:
Moodyscre
Added: Mar 4
Changed: Jul 31
Last Checked: Aug 2 at 2:42PM
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 BKREA
Investment Insights
Based on property information with market context.
This flex space property is zoned M1-2, supporting a broad range of as-of-right commercial uses, including office, retail, light manufacturing, and showroom space. The building can be delivered vacant, helping streamline redevelopment planning by removing the need for tenant buyouts.
The site is positioned to front a city-owned park expected to remain undeveloped, preserving permanent access to unobstructed air and light and long sightlines. It also provides exposure with frontage on Kent Avenue and North 9th Street in the Williamsburg Northside area of Brooklyn.
With approximately 25,520 square feet of space, the property can be evaluated for flexible tenant layouts or redevelopment while leveraging its established connectivity to two street frontages.
The site is positioned to front a city-owned park expected to remain undeveloped, preserving permanent access to unobstructed air and light and long sightlines. It also provides exposure with frontage on Kent Avenue and North 9th Street in the Williamsburg Northside area of Brooklyn.
With approximately 25,520 square feet of space, the property can be evaluated for flexible tenant layouts or redevelopment while leveraging its established connectivity to two street frontages.
Key Highlights
- Zoned M1‑2 allowing office, retail, light manufacturing, and showroom uses
- Vacant delivery for redevelopment without tenant buyouts
- Fronts a city‑owned park expected to remain undeveloped
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.98M | $77.76 |
| − Vacancy | −$236.1k | −$9.25 |
| EGI | $1.75M | $68.51 |
| − OpEx | −$524.5k | −$20.55 |
| NOI | $1.22M | $47.95 |
25,520 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$17.48M
$15.30M – $20.40M
NOI $1,223,801 @ 7.0% cap · market cap 6.80%
Second Best
Flex RnD
$8.76M
$7.66M – $10.22M
NOI $613,092 @ 7.0% cap · market cap 3.41%
Theoretical Best
Specialty Retail
$21.13M
$18.49M – $24.65M
NOI $1,479,139 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11249, NY
42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space zoned M1-2 with frontage on Kent Avenue and North 9th Street and delivery vacant for redevelopment planning.
Where is this flex space located?
The property is located at 73 Kent Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: Zoned M1‑2 allowing office, retail, light manufacturing, and showroom uses; Vacant delivery for redevelopment without tenant buyouts; Fronts a city‑owned park expected to remain undeveloped
