Brooklyn Industrial Warehouse with Vacant
For Sale
Contact for pricing
733 Livonia Avenue, Brooklyn, NY 11207
Two-building industrial warehouse with income and development potential.
Property Size11,400 SF
Lot Size0.34 Acres
Price / SF$438.16
Days on Market91
Property Features for 733 Livonia Avenue
General Information
Standard status
Active
Size
11,400 SF
Lot size
0.34 Acres
Property subtype
Industrial
Zoning
R6/C2-4
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$201,414
Building Details
Year Built
1935
Tenancy
Multi
Listing Agency:
Knickerbocker Realty Group LLC
Listed By:
Jacques Wadler · License #10491208445
Source:
Crexi
Added: May 12
Changed: Aug 8
Last Checked: Aug 7 at 7:27AM
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.
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
$284,407
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
5.69%
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%
$5,688,140
$5.7M
Cap Rate 7%
$4,062,957
$4.1M
Cap Rate 9%
$3,160,078
$3.2M
Market Conditions
NOI Build-Up for 11,400 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
$492.5K $43.20/SF
− Vacancy
−$113.3K −$9.94/SF
EGI
$379.2K $33.26/SF
− OpEx
−$94.8K −$8.32/SF
NOI
$284.4K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
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%
$5,688,140
Cap Rate 7%
$4,062,957
Cap Rate 9%
$3,160,078
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,525
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
