Contemporary Multi-Unit Office
For Sale
$13,000,000
825 39th St, Brooklyn, NY 11232
A 2021-built, multi-unit office property with a full-glass facade and on-site parking for tenant operations and guest access.
Property Size47,470 SF
Price / SF$273.86
Days on Market57
Property Features for 825 39th St
General Information
Standard status
Active
Size
47,470 SF
Class
B
Total Parking Spaces
95
Property subtype
Office
Zoning
M1-2
Additional Details
Office Units
12
Building Details
Building Size
47,470 SF
Year Built
2021
Tenancy
Multi
Listing Agency:
(917) 662-8999
Listed By:
Kevin Ma · License #NY #10301219938
Source:
7s
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 20 at 4:28AM
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 Kevin Ma
Investment Insights
Based on property information with market context.
A contemporary office building constructed in 2021, totaling 47,470 square feet and arranged as 12 units. The exterior features a full-glass facade intended to bring in abundant natural light, and the building includes modern common spaces and services for tenants. The property is designed with flexible unit layouts suited to a range of commercial uses. On-site features include oversized, high-speed elevators and ADA-compliant access, along with a modern lobby with a digital tenant directory.
The property is zoned M1-2. It offers 95 on-site parking spaces, which is specifically noted as rare for Brooklyn office assets. Additional listed amenities include 24-hour security with a smart intercom system and outdoor spaces for informal meetings and tenant use.
For tenants and operators seeking a newer, multi-tenant office format, the combination of flexible layouts, ADA-compliant access, and dedicated on-site parking supports a practical range of professional and commercial occupancy needs. The building’s contemporary design and modern building systems and management are positioned to support day-to-day operations across multiple units.
The property is zoned M1-2. It offers 95 on-site parking spaces, which is specifically noted as rare for Brooklyn office assets. Additional listed amenities include 24-hour security with a smart intercom system and outdoor spaces for informal meetings and tenant use.
For tenants and operators seeking a newer, multi-tenant office format, the combination of flexible layouts, ADA-compliant access, and dedicated on-site parking supports a practical range of professional and commercial occupancy needs. The building’s contemporary design and modern building systems and management are positioned to support day-to-day operations across multiple units.
Key Highlights
- 2021‑built 47,470 SF office building in Brooklyn with 12 units
- Full‑glass façade designed for abundant natural light and skyline views
- Zoned M1‑2 with flexible unit layouts for a variety of office and commercial uses
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
$1,184,282
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
9.11%
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%
$23,685,640
$23.7M
Cap Rate 7%
$16,918,314
$16.9M
Cap Rate 9%
$13,158,689
$13.2M
Market Conditions
NOI Build-Up for 47,470 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
$2.05M $43.20/SF
− Vacancy
−$471.7K −$9.94/SF
EGI
$1.58M $33.26/SF
− OpEx
−$394.8K −$8.32/SF
NOI
$1.18M $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%
$23,685,640
Cap Rate 7%
$16,918,314
Cap Rate 9%
$13,158,689
Alternative Uses
Best Use
Office B
$16.92M
$14.80M – $19.74M
NOI $1,184,282 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$39.31M
$34.39M – $45.86M
NOI $2,751,361 @ 7.0% cap · market cap 21.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
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?
Office building - A 2021-built, multi-unit office property with a full-glass facade and on-site parking for tenant operations and guest access.
Where is this office building located?
The property is located at 825 39th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: 2021‑built 47,470 SF office building in Brooklyn with 12 units; Full‑glass façade designed for abundant natural light and skyline views; Zoned M1‑2 with flexible unit layouts for a variety of office and commercial uses
