East Williamsburg Warehouse and
15 Division Pl Brooklyn, NY 11222
15 Division Pl, Brooklyn, NY, 11222
Contact for pricing
For Sale
Contact for pricing
Three-story, 7,500 SF building with warehouse and office space.
Property Size7,500 SF
Price / SF$400
Days on Market1073
Property Features for 15 Division Pl
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1920
Listing agency
Safdie Realty Group
Listed by
Roni Yaghoobzar · License #NY 10401324145
Source
Crexi
Added: Aug 14, 2023 Updated: Jul 10 at 3:40PM Checked: Jul 20 at 5:08AM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
Located between Kingsland and Debevoise Avenues in the East Williamsburg neighborhood of Brooklyn, this 7,500 SF, three-story building features a warehouse on the ground floor and office space above. The warehouse component offers a curb cut and drive-in loading for accessibility, along with a 12-foot high roll-up door. The warehouse provides 2,000 SF of space and includes a 500 SF basement. The offices feature 12 feet of frontage and high ceilings between 12 and 14 feet, as well as 400 Amps. The 2nd and 3rd floors comprise 4,000 SF of office space, consisting of 8 newly renovated private offices with HVAC. The warehouse is suitable for various commercial business uses, including dining, leisure, art gallery, industrial, and office purposes. Transportation is accessible via the Graham Avenue Station, which serves the L Line, and direct access to the Brooklyn-Queens Expressway. The building can be delivered vacant.
Key Highlights
- Delivered Vacant: Offers immediate occupancy and flexibility.
- Versatile 2,000 SF Warehouse Space: Includes curb cut, drive‑in loading, and 12ft roll‑up door.
- Newly Renovated 4,000 SF Office Space: Features 8 private offices with HVAC across the 2nd and 3rd floors.
Local Financial Insights For Flex RnD
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 | $315.0k | $42.00 |
| − Vacancy | −$37.8k | −$5.04 |
| EGI | $277.2k | $36.96 |
| − OpEx | −$97.0k | −$12.94 |
| NOI | $180.2k | $24.02 |
7,500 SF · lease $42.00/SF/yr · vacancy 12.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.57M
$2.25M – $3.00M
NOI $180,180 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$2.31M
$2.03M – $2.70M
NOI $162,018 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$6.21M
$5.43M – $7.25M
NOI $434,700 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Burrito Gueys New York — 949 Grand St, Brooklyn, NY 11211
- Healthy Heart Foods, LLC — 311 Scholes St, Brooklyn, NY 11206
- cuffs & buttons — 442 Lorimer St, Brooklyn, NY 11206
- Brooklyn Commissary NYC — 178 Varick Ave, Brooklyn, NY 11237
- Samesa — 495 Lorimer St, Brooklyn, NY 11211
FAQs
What type of property is this?
Flex space - Three-story, 7,500 SF building with warehouse and office space.
Where is this flex space located?
The property is located at 15 Division Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Delivered Vacant: Offers immediate occupancy and flexibility.; Versatile 2,000 SF Warehouse Space: Includes curb cut, drive‑in loading, and 12ft roll‑up door.; Newly Renovated 4,000 SF Office Space: Features 8 private offices with HVAC across the 2nd and 3rd floors.
