306 Water St New York, NY 11201
This exceptional 5,000-square-foot warehouse is located at 306 Water Street in the highly desirable Dumbo neighborhood of Brooklyn, Kings County, New York (zip code 11201). The property boasts a single-tenant occupancy and offers a unique blend of industrial charm and modern functionality. The warehouse features impressive 20-foot-high ceilings, creating a spacious and versatile environment ideal for a variety of uses. The open floor plan is complemented by skylights, concrete floors, and a large drive-in gate, providing ample access and natural light. The property also benefits from abundant power, making it suitable for energy-intensive operations. Its creative industrial design is perfect for fashion, film/television production, artists, tech companies, media firms, e-commerce businesses, or even office users. The building's location on a cobblestone Dumbo block adds to its unique appeal. This flexible space presents a rare opportunity to secure a prime warehouse in a highly sought-after area. The property is entirely vacant, offering immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.