Brooklyn Industrial Warehouse with Vacant
733 Livonia Avenue Brooklyn, NY 11207
Two-building industrial warehouse with income and development potential.
Type:Industrial
Property size:
11,400 SFLot size:
0.34 AcresPrice / SF:
$438/SF- Added:
- May 12, 2026
- Days on Market:
- 61
- Last Refresh:
- Jul 4 at 8:06 am
Property Features for 733 Livonia Avenue
General Information
- Standard status
- Active
- Size
- 11,400 SF
- Lot size
- 0.34 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1935
Listing office Knickerbocker Realty Group LLC
Listing date May 12, 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 Knickerbocker Realty Group LLC
Investment Insights
Based on property information with market context.
This property features an 11,400 square foot industrial warehouse, consisting of two buildings, situated on a 15,000 square foot lot in East New York, Brooklyn. An additional 3,600 square feet of contiguous vacant land is included. The property currently has five tenants, generating a gross income of $310,829 and a net operating income of $201,414. The property is qualified for a 1031 exchange. Constructed of brick mill, the building features 13.5-foot ceilings, four overhead drive-in gates, heavy power, and gas heat. The Certificate of Occupancy permits warehouse, office, parking, storage, and outdoor storage uses, and there is a Letter of No Objection for auto repair. Select units can be delivered vacant, making investor, owner-user, and repositioning strategies viable. The R6/C2-2 zoning allows for future development with a FAR of 2.2 for residential use, 2.0 for commercial use, or 4.8 for community facilities, potentially yielding over 72,000 buildable square feet at full CF FAR. The property is located steps from the Van Siclen Avenue / Livonia Avenue 3 train station in an evolving East New York submarket.
Key Highlights
- Existing income‑generating property with $201,414 NOI and 4.03% cap rate.
- Significant development potential with R6/C2‑2 zoning allowing for 72,000+ buildable SF.
- Versatile property suitable for investors, owner‑users, or repositioning strategies, with select units deliverable vacant.
Local Financial Insights For Office B
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 | $492.5k | $43.20 |
| − Vacancy | −$113.3k | −$9.94 |
| EGI | $379.2k | $33.26 |
| − OpEx | −$94.8k | −$8.32 |
| NOI | $284.4k | $24.95 |
11,400 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$7.81M
$6.83M – $9.11M
NOI $546,682 @ 7.0% cap · market cap 10.94%
Second Best
Office B
$4.06M
$3.56M – $4.74M
NOI $284,407 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$9.44M
$8.26M – $11.01M
NOI $660,744 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Diana's Event rentals
Party Supply Store
G & A Auto Diagnostic ...
Auto Repair Shop
National Janitorial Supplies
Big Box & Wholesale Store
Robel & Sons Auto ...
Auto Repair Shop
Glen's Event Rentals
Party Supply Store
Similar For Sale Nearby
Similar Off Market Nearby
- Stop and Stor Starrett City / East New York — 12501 Flatlands Ave, Brooklyn, NY 11208
- Soliespace: Furniture's home away from home. — 746 Snediker Ave, Brooklyn, NY 11208
- Self Storage — 1962 linden blvd, brooklyn, ny 11207
- Self Storage — 2001 Linden Blvd, Brooklyn, NY 11207
- CubeSmart Self Storage — 486 Stanley Ave, Brooklyn, NY 11207
FAQs
What type of property is this?
Warehouse - Two-building industrial warehouse with income and development potential.
Where is this warehouse located?
The property is located at 733 Livonia Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Existing income‑generating property with $201,414 NOI and 4.03% cap rate.; Significant development potential with R6/C2‑2 zoning allowing for 72,000+ buildable SF.; Versatile property suitable for investors, owner‑users, or repositioning strategies, with select units deliverable vacant.
