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    New Brooklyn Commercial Building For Sale Title is generated by Realmo AI

    2322 West 7th Street, Brooklyn, NY 11223

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    New commercial building in Brooklyn with loading dock and private driveway.

    Type:Industrial, Office
    Property size:
    4,300 SF
    Price / SF:
    $555/SF
    Added:
    Jul 26, 2024
    Days on Market:
    711
    Last Refresh:
    Jun 29 at 12:18 am

    Property Features for 2322 West 7th Street

    General Information

    Standard status
    Active
    Size
    4,300 SF
    Property subtype
    Industrial, Office

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    Jason Zhou
    Jason Zhou

    Listing office REMAX EDGE

    Listing date Jul 26, 2024

    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 REMAX EDGE

    HighLights

    • 25‑year tax abatement
    • Brand new construction (2024)
    • Large space: approx. 4,300 sq ft with potential for 8,600 sq ft with 2nd floor
    • Loading dock and private driveway
    • Durable construction: poured concrete over steel beams
    • High power capacity: 400 amps

    Overview

    This new commercial building, constructed in 2024, features a loading dock and private driveway. The property benefits from a 25-year tax abatement. The building offers approximately 4,300 square feet of space with extra-high ceilings that allow for the potential construction of a second floor, adding another 4,300 square feet. The structure is built with poured concrete over steel beams and is equipped with 400 amps. Located on 86th Street and W 7th Street in Brooklyn, this property is suitable for various commercial and industrial uses, including an auto body, collision, and repair shop, warehouse, showroom, manufacturing, and distribution.

    Local Financial Insights For Retail

    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 $334.4k $77.76
    − Vacancy −$39.8k −$9.25
    EGI $294.6k $68.51
    − OpEx −$88.4k −$20.55
    NOI $206.2k $47.95
    4,300 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.95M
    $2.58M – $3.44M (±1% cap)
    NOI $206,205 @ 7.0% cap · market cap 8.63%
    Second Best
    Flex RnD
    $1.48M
    $1.29M – $1.72M (±1% cap)
    NOI $103,303 @ 7.0% cap · market cap 4.32%
    Theoretical Best
    Specialty Retail
    $3.56M
    $3.12M – $4.15M (±1% cap)
    NOI $249,228 @ 7.0% cap · market cap 10.43%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Parking Lot & Garage Hotel & Motel Nursing Home Shopping Center & Mall Coworking & Hybrid Office Nursing Home Bed & Breakfast Bar & Pub (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • New York Kosher Caterers — 2030 Ocean Pkwy #1, Brooklyn, NY 11223
    • JP MIXOLOGY — 1933 W 8th St, Brooklyn, NY 11223
    • Clementes Fine Foods — 138 Avenue T, Brooklyn, NY 11223

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.96359
    Latitude
    40.59386

    FAQs

    What type of property is this?
    Flex space - New commercial building in Brooklyn with loading dock and private driveway.
    Where is this flex space located?
    The property is located at 2322 West 7th Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,390,000.
    What are key features of this property?
    This property features: 25‑year tax abatement; Brand new construction (2024); Large space: approx. 4,300 sq ft with potential for 8,600 sq ft with 2nd floor
    (718) 612-3088 Call to check price and availability
    More about this property
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