Brooklyn Warehouse with Office
For Sale
Contact for pricing
92 Junius St, Brooklyn, NY 11212
11,000 SF warehouse with office in Brooklyn, NY.
Property Size11,000 SF
Price / SF$363.55
Days on Market804
Property Features for 92 Junius St
General Information
Standard status
Active
Size
11,000 SF
Total Parking Spaces
3
Property subtype
Industrial
Zoning
M1-4
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Units
2
Listing Agency:
Findor
Listed By:
Rob Finnerty · License #NY 10351219508
Source:
Crexi
Added: Jun 26, 2024
Changed: Aug 8
Last Checked: Sep 7 at 6:53AM
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 Findor
Investment Insights
Based on property information with market context.
This property features an 11,000 square foot warehouse with a 1,000 square foot office space located on the second floor. The warehouse measures 100 feet by 100 feet and includes two overhead doors. The property is located in Brooklyn, NY.
Key Highlights
- 10,000 sq ft Warehouse (100 x 100) offering ample space.
- Includes a 1,000 sq ft Office located on the 2nd Floor.
- Features Two Overhead Doors for easy access.
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
$274,428
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
6.86%
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%
$5,488,560
$5.5M
Cap Rate 7%
$3,920,400
$3.9M
Cap Rate 9%
$3,049,200
$3.0M
Market Conditions
NOI Build-Up for 11,000 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
$475.2K $43.20/SF
− Vacancy
−$109.3K −$9.94/SF
EGI
$365.9K $33.26/SF
− OpEx
−$91.5K −$8.32/SF
NOI
$274.4K $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%
$5,488,560
Cap Rate 7%
$3,920,400
Cap Rate 9%
$3,049,200
Alternative Uses
Best Use
Office B
$3.92M
$3.43M – $4.57M
NOI $274,428 @ 7.0% cap · market cap 6.86%
Second Best
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,626 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$9.11M
$7.97M – $10.63M
NOI $637,560 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,879
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 - 11,000 SF warehouse with office in Brooklyn, NY.
Where is this warehouse located?
The property is located at 92 Junius St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 10,000 sq ft Warehouse (100 x 100) offering ample space.; Includes a 1,000 sq ft Office located on the 2nd Floor.; Features Two Overhead Doors for easy access.
