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    218 Newel St Brooklyn, NY 11222

    For Lease
    $25 SF/Yr

    Brooklyn industrial office space for lease.

    Lot size:
    36,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 36,800 square foot multi-tenant Greenpoint, Brooklyn property offers a diverse range of office and industrial spaces, perfect for various business needs. Available spaces range from 2,830 to 21,000 square feet, catering to both established companies and startups. The building, a renovated pre-war structure, boasts ample natural light, exposed brick, and modern upgrades, including updated elevators. The thoughtful renovation blends historical charm with contemporary functionality, creating a unique and productive work environment. The property's location near the Greenpoint Avenue G train stop provides convenient access to public transportation. This prime location in a thriving Brooklyn neighborhood offers businesses a chance to establish themselves in a dynamic and rapidly growing area. The building's adaptable spaces are suitable for coworking, refrigerated/cold storage, manufacturing, warehousing, distribution, flex space, R&D, executive offices, creative offices, medical offices, and traditional offices. This versatile property presents a compelling opportunity for businesses seeking a distinctive and well-located workspace in North Brooklyn.

    Property Features for 218 Newel St

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    36,800 SF
    Total Rate
    76666.67

    Unit(s) available at that property

    Space
    6th Floor
    Size
    21,000 SF
    Rate per SF
    $25
    Space
    3rd Floor
    Size
    2,830 SF
    Rate per SF
    $40
    Space
    3rd Floor
    Size
    3,960 SF
    Rate per SF
    $40
    Space
    Ground Floor
    Size
    7,800 SF
    Rate per SF
    $45
    Space
    1st Floor
    Size
    12,261 SF
    Rate per SF
    $25

    HighLights

    • 36,800 SF multi‑tenant building in Greenpoint, Brooklyn.
    • Spaces available from 2,830 SF to 21,000 SF.
    • Renovated pre‑war building with exposed brick, natural light, and updated elevators.
    • Convenient location near the G train on Greenpoint Avenue.
    • Suitable for various uses including office, industrial, and flex space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.949911
    Latitude
    40.7296498

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Brooklyn industrial office space for lease.
    Where is this refrigerated / cold storage located?
    The property is located at 218 Newel St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $25-$45 SF/Yr.
    What are key features of this property?
    This property features: 36,800 SF multi-tenant building in Greenpoint, Brooklyn.; Spaces available from 2,830 SF to 21,000 SF.; Renovated pre-war building with exposed brick, natural light, and updated elevators.
    Request Owner's contact information
    218 Newel St Brooklyn, NY 11222
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    Brooklyn, NY 11222
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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
    218 Newel St Brooklyn, NY 11222
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