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    261-265 Water St New York, NY 11201

    • Warehouses
    • 19,657 SF
    For Lease
    View listing
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 261-265 Water St

    Property size
    19,657 SF
    Property type
    Warehouses
    Property subtype
    Retail properties

    Description

    This exceptional two-story warehouse, located at 261-265 Water Street in Brooklyn, NY (zip code 11201), offers 19,657 square feet of versatile space. The building features four suites, with a minimum divisible space of 2,500 square feet and a maximum contiguous space of 6,379 square feet. Currently, all 19,657 square feet are vacant and available for lease. The property boasts 74 feet of frontage on Water Street and includes cellar and roof rights. Built with brick and beam construction, it retains numerous historical details. Utilities include electric (400 AMPS), gas, and water. Situated in Kings County, this strategically located property presents a unique opportunity for businesses seeking adaptable space in a prime Brooklyn location. The property is classified as both retail and industrial. Lease price is available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    Kings
    State
    New York
    Longitude
    -74.0015
    Latitude
    40.7084

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    New York, NY 11201
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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
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