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    5 Herkimer St Brooklyn, NY 11216

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    For Lease
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    Brooklyn Flex Space, 6,500 SF Total

    Lot size:
    6,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6,500-square-foot industrial property at 5 Herkimer Place in Brooklyn, NY, 11216, presents a unique opportunity. Currently fully vacant, this versatile space is zoned M1-1 and offers a flexible layout suitable for various uses. The building features a total of 6,500 square feet, divisible into two units of approximately 2,650 and 3,850 square feet. The high ceilings, measuring 14 feet, provide ample vertical space for storage or creative installations. Two convenient drive-in doors ensure easy access for loading and unloading. The property's location in Brooklyn offers excellent access to major transportation routes and a vibrant urban environment. This turnkey workshop or creative space is ideal for businesses seeking a functional and adaptable workspace. The property is ready for immediate occupancy, allowing for a quick and seamless transition for new tenants. The APN is 1865-87. This is a multi-tenant property. Don't miss this chance to secure a prime industrial space in a thriving Brooklyn neighborhood.

    Property Features for 5 Herkimer St

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,500 SF

    Unit(s) available at that property

    Space
    Unit A
    Size
    1,750 SF
    Space
    Unit B
    Size
    3,850 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -73.951982010273
    Latitude
    40.679077531881

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    FAQs

    What type of property is this?
    Flex space - Brooklyn Flex Space, 6,500 SF Total
    Where is this flex space located?
    The property is located at 5 Herkimer St Brooklyn, NY.
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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
    5 Herkimer St Brooklyn, NY 11216
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