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    1182 Flushing Ave Brooklyn, NY 11237

    Sponsored
    For Sale
    $12,500,000

    Prime Williamsburg/Bushwick location, high NOI.

    Property size:
    43,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional three-story, 43,600 square foot warehouse building presents a compelling investment opportunity in the thriving Williamsburg/Bushwick area of Brooklyn, NY. Situated on a 15,200 square foot lot (100 feet of frontage on Flushing and Jefferson Streets), the property boasts 13,000 square feet of ground-floor warehouse space featuring 16-foot ceilings, two rear loading docks, and a small retail showroom. The upper two floors comprise approximately 30,600 square feet of artist studios and creative office space. A 4,600 square foot semi-grade basement provides additional tech office and storage space. A freight elevator (8,000 lb capacity) services all three floors. The building benefits from in-place leases with termination clauses, offering flexibility for future occupancy. Its strategic location near the Jefferson Street 'L' train station and major highways (BQE and LIE) ensures excellent accessibility. Zoned M1-1, this property is located within an Industrial Business Park and a Qualified Opportunity Zone, offering significant tax advantages. The asking price is $12,500,000, representing a 7.26% cap rate and a strong net operating income (NOI) of $907,451. This is a rare chance to acquire a substantial commercial building in a rapidly developing and highly desirable Brooklyn neighborhood.

    Property Features for 1182 Flushing Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    43,600 SF

    Building Details

    Stories
    3

    HighLights

    • $12,500,000 asking price for a 43,600 square foot industrial warehouse.
    • Gross lease, multi‑tenant property with a 7.26% cap rate and $907,451 NOI.
    • Three‑story building with 16' ceiling height on the first floor, featuring 13,000 square feet of warehouse space and two rear loading docks.
    • Upper floors offer approximately 30,600 square feet of artist studios and creative office space.
    • Located in Brooklyn, NY, in a Qualified Opportunity Zone, with excellent access to major highways and public transportation.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Bosco Marketing Agency Björn Meyer-Ebrecht Studio Artist Julia Trading Inc Clothing Store Midnight Commercial Advertising Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9245053
    Latitude
    40.7067121

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    FAQs

    What type of property is this?
    Distribution property - Prime Williamsburg/Bushwick location, high NOI.
    Where is this distribution property located?
    The property is located at 1182 Flushing Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $12,500,000.
    What are key features of this property?
    This property features: $12,500,000 asking price for a 43,600 square foot industrial warehouse.; Gross lease, multi-tenant property with a 7.26% cap rate and $907,451 NOI.; Three-story building with 16' ceiling height on the first floor, featuring 13,000 square feet of warehouse space and two rear loading docks.
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    Realmo Value Estimation

    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.

    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.

    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
    1182 Flushing Ave Brooklyn, NY 11237
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