Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse, Office and Outdoor Parking Title is generated by Realmo AI

    2695 Stillwell Ave, Brooklyn, NY 11224

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Brooklyn warehouse with office, parking, and high-traffic visibility.

    Type:Industrial
    Property size:
    700 SF
    Added:
    Jul 22, 2024
    Days on Market:
    659
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 2695 Stillwell Ave

    General Information

    Standard status
    Active
    Size
    700 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 2695 Stillwell Ave Contact us

    $81 /Mo

    Size
    1,100 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Arsen Atbashyan
    Arsen Atbashyan

    Listing agent Arsen Atbashyan License #NY 0000

    Listing office Commercial Acquisitions

    Listing date Jul 22, 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 Commercial Acquisitions

    HighLights

    • High Visibility Location with 23,700 Avg Daily Traffic on Stillwell Ave
    • Versatile Space: featuring a 700 SF Warehouse and a 400 SF Office plus outdoor parking
    • Excellent Signage Opportunities on Stillwell Avenue
    • Convenient Access to Major Highways and Public Transportation
    • Central A/C for a Comfortable Work Environment
    • Proximity to Major Businesses

    Overview

    This property, located at 2695 Stillwell Ave in Brooklyn, NY, features a 700 square foot warehouse, a 400 square foot office, and outdoor parking. The location benefits from an average daily traffic of 23,700 vehicles and is situated between Stillwell Avenue and Neptune Avenue. The property is suitable for contractors or service-based operations. It offers signage opportunities along Stillwell Avenue and easy access for clients and deliveries. Central A/C is installed. The property is surrounded by major businesses and is located moments from major highways and public transportation, providing connectivity throughout Brooklyn and beyond.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rent A Car Car Rental Facility WHEELZ 4 RENT Car Rental Facility U-Haul Neighborhood Dealer Car Rental Facility M&N Auto Group Car Dealership Citation Collision Corporation Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    • Self Storage — 1215 bowery st, brooklyn, ny 11224
    • Self Storage — 2932 stillwell ave, brooklyn, ny 11224
    • Secure Self Storage — 2829 W 21st St, Brooklyn, NY 11224
    • EAST COAST MOVING GR — 601 Surf Ave, Brooklyn, NY 11224
    • CubeSmart Self Storage — 2990 Cropsey Ave, Brooklyn, NY 11214

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.982755
    Latitude
    40.581521

    Nearby Similar for Lease

    • $5,000/Mo

      Brooklyn Retail Leasing Opportunity

      Prime retail spaces available in bustling Brooklyn location.
      986 Gates Ave, Brooklyn, NY 11221
      View Details
    • $6,900/Mo

      Versatile Greenwood Heights Commercial Space

      Expansive 2,700 SF commercial space in Greenwood Heights, Brooklyn.
      663 3rd Avenue, Brooklyn, NY 11232
      View Details
    • $5,000/Mo

      Brooklyn Storefront on Nostrand Avenue

      High-visibility commercial space in Bedford-Stuyvesant with excellent transit access.
      359 Nostrand Avenue, Brooklyn, NY 11216
      View Details
    • $11,000/Mo

      Renovated Office Space in Brooklyn

      2,880 sq ft office space for rent in Sheepshead Bay.
      1523 Voorhies Avenue, Brooklyn, NY 11235
      View Details
    • $16,000/Mo

      Brooklyn Office Space For Lease

      6,000 SF office space in Sunset Park, Brooklyn.
      813 63rd Street, Brooklyn, NY 11220
      View Details
    • $3,500/Mo

      Turn-Key Dental Office in Brooklyn

      Fully equipped dental office with existing business in Bay Ridge.
      14 Bay Ridge Place, Brooklyn, NY 11209
      View Details
    • $3,500/Mo

      Adaptable Brooklyn Commercial Space

      Versatile 900 SF commercial space in active Brooklyn neighborhood.
      384 Liberty Avenue, Brooklyn, NY 11207
      View Details
    • $4,500/Mo

      Brooklyn Medical Office with Parking

      Functional medical office in Bay Ridge with parking.
      364 97th Street, Brooklyn, NY 11209
      View Details
    • $4,800/Mo

      Brooklyn Retail Space For Lease

      1,000 SF retail space in a high-traffic Brooklyn location.
      9010 Avenue A, Brooklyn, NY 11236
      View Details
    • $39,000 SF/Yr

      Prime Bensonhurst Commercial Space Available

      Massive commercial space in high-traffic area, suitable for diverse uses.
      1857 86th Street, Brooklyn, NY 11214
      View Details
    • $2,950/Mo

      Brooklyn Medical Office Space Available

      Professional office space in Bay Ridge, Brooklyn with flexible layout.
      8314 4th Avenue, Brooklyn, NY 11209
      View Details
    • $4,950/Mo

      Professional Office Space in Brooklyn

      High-end, ready-to-move-in office space near Kings Highway.
      1718 E 17th Street, Brooklyn, NY 11229
      View Details

    FAQs

    What type of property is this?
    Warehouse - Brooklyn warehouse with office, parking, and high-traffic visibility.
    Where is this warehouse located?
    The property is located at 2695 Stillwell Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $81 SF/Yr.
    What are key features of this property?
    This property features: High Visibility Location with 23,700 Avg Daily Traffic on Stillwell Ave; Versatile Space: featuring a **700 SF Warehouse** and a **400 SF Office** plus outdoor parking; Excellent Signage Opportunities on Stillwell Avenue
    (718) 517-8700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arsen Atbashyan
    Arsen Atbashyan
    Real Estate License ID: NY 0000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2695 Stillwell Ave, Brooklyn, NY 11224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!