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    Industry City Flex/Industrial Space Title is generated by Realmo AI

    80 39th St, Brooklyn, NY 11232

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    1 million sq ft of flexible industrial and manufacturing space.

    Type:Industrial, Special Purpose
    Property size:
    6,000,000 SF
    Lot size:
    35.00 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    93
    Last Refresh:
    May 12 at 8:40 pm

    Property Features for 80 39th St

    General Information

    Standard status
    Active
    Size
    6,000,000 SF
    Lot size
    35.00 Acres
    Property subtype
    Industrial, Special Purpose

    Building Details

    Year Built
    1917

    We can help!

    Listing Contact
    Brad Blum

    Listing agent Brad Blum License #NY

    Listing office Industry City

    Listing date Mar 3, 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 Industry City

    HighLights

    • Part of Industry City: A 6 million square foot interdisciplinary hub for creative companies.
    • 1 million square feet of industrial, manufacturing, warehousing, and flex space.
    • Convenient location directly off Brooklyn‑Queens Expressway Exit 23.
    • Extensive amenities including 40+ on‑site restaurants and retailers, tenant‑exclusive Athletic Club, and campus‑wide app.
    • Upgraded infrastructure: Oversized freight and passenger elevators, newly upgraded lobbies, and 24 refreshed loading docks.
    • Highly connected campus: Wiredscore Certified with dark fiber cabling and access to 30+ internet service providers; multi‑modal transit options including on‑site parking, bike storage, and subway access.

    Overview

    Buildings 22-26, part of Industry City, offer 1 million square feet of industrial, manufacturing, warehousing, and flex space within a 16-building, 6 million square foot campus. Located at 80 39th St, Brooklyn, NY 11232, specifically on 39th Street and 1st Avenue, the property is positioned directly off of Brooklyn-Queens Expressway Exit 23. The location is part of Industry City, which is an interdisciplinary hub for creative companies spanning media, design, light manufacturing, technology, fashion, food, art, and non-profit organizations. The campus includes office, retail, industrial, manufacturing, warehouse, and hybrid spaces. The property features oversized freight and passenger elevators, newly upgraded lobbies, 24 refreshed loading docks, and new ground floor amenities. Industry City, situated on 35-acres, provides over five acres of open space, including three heated, furnished courtyards. The campus is Wiredscore Certified with dark fiber cabling and access to 30+ internet service providers. Transit amenities include on-site parking, bike storage options, five Citi Bike stations, and access to the 36th St Subway Station, one express stop from Atlantic Ave-Barclays Ctr. Amenities include 40+ on-site restaurants and retailers, a tenant-exclusive Athletic Club, a campus-wide app, and networking opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freida Rothman - Corporate ... (Bike/Boat/Book/etc) Store J D & D ... Trucking Company Eight Star Enterprise Trucking Company Up Transport Freight Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Amy's Cookies — 225 34th St, Brooklyn, NY 11232
    • Industry Caterers, LLC — 283 47th St, Brooklyn, NY 11220

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.013185
    Latitude
    40.656824

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    FAQs

    What type of property is this?
    Flex space - 1 million sq ft of flexible industrial and manufacturing space.
    Where is this flex space located?
    The property is located at 80 39th St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Part of Industry City: A 6 million square foot interdisciplinary hub for creative companies.; **1 million square feet of industrial, manufacturing, warehousing, and flex space.**; Convenient location directly off Brooklyn‑Queens Expressway Exit 23.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brad Blum
    Real Estate License ID: NY
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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