Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    65 Meserole St Brooklyn, NY 11206

    • Land
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 65 Meserole St

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 10,000 square foot industrial land parcel in Kings County presents a unique investment opportunity. Located between Leonard and Lorimer Streets, this conveniently situated property offers easy access to public transportation, with walking distance to the L and G train stations. The property boasts a 100 x 100 foot lot size, providing ample space for various industrial uses. For enhanced security, the lot is fully fenced and secured. Practical features include a floor drain and a generous 42-foot roll gate opening, facilitating efficient loading and unloading. The property's proximity to a Verizon building further enhances its desirability and potential for synergistic business relationships. This single-tenant property is ideal for businesses seeking a secure, well-located, and functional industrial space in a thriving area of Kings County. The lot's dimensions and features make it suitable for a range of industrial applications, offering significant potential for growth and return on investment. Its strategic location and practical design make this a compelling opportunity for discerning investors.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9477
    Latitude
    40.7079

    Comparable in this City

    • Value Estimation by Request
      22,500 SF

      254-264 Meserole St

      Distribution properties • 22,500 SF
      254-264 Meserole St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request

      22 Grattan St

      Land
      22 Grattan St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      10,000 SF

      360 Scholes St

      Distribution properties • 10,000 SF
      360 Scholes St, Brooklyn, NY 11206
      View Details
    • Value Estimation
      $11,320,000
      44,878 SF

      232-234 Varet St

      INDUSTRIAL (GENERAL) • 44,878 SF
      232-234 Varet St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      27,600 SF

      43 George St

      Churches & religious facilities • 27,600 SF
      43 George St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      495 SF

      Boerum St

      INDUSTRIAL (GENERAL) • 495 SF
      Boerum St, Brooklyn, NY 11206
      View Details

    Similar Nearby for Sale

    • $3,500,000

      Brooklyn Land for Sale

      Land available in Brooklyn, New York.
      266 Throop Ave, Brooklyn, NY 11206
      View Details
    • $13,500,000
      27,500 SF

      Williamsburg Warehouse Investment

      Prime East Williamsburg warehouse, 27,500 SF, high NOI.
      254 Scholes St, Brooklyn, NY 11206
      View Details
    • $4,500,000
      0.06 Acres

      Brooklyn Mixed-Use Industrial Building

      Four-story, 8,200 SF mixed-use building with flexible zoning.
      71 Montrose Ave, Brooklyn, NY 11206
      View Details
    • $13,000,000
      20,000 SF

      Williamsburg Warehouse - $13M

      Prime Brooklyn industrial space, high ceilings, great location.
      275 Boerum St, Brooklyn, NY 11206
      View Details
    • $15,900,000
      Pending

      Williamsburg Development Opportunity

      Former brewery on a prime development site in Williamsburg!
      56 Meserole St, Brooklyn, NY 11206
      View Details
    • $3,700,000
      Pending

      East Williamsburg Warehouse/Factory For Sale

      East Williamsburg warehouse/factory with loading dock and office for sale.
      310 Johnson Ave, Brooklyn, NY 11206
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      5,000 SF

      Williamsburg Brooklyn Land - 5,000 SF

      Prime Williamsburg lot, ideal for storage or commercial use.
      22 Grattan St, Brooklyn, NY 11206
      View Details
    • $13 SF/Yr
      10,000 SF

      Kings County Industrial Land Parcel

      10,000 sq ft Industrial Land, Kings County
      65 Meserole St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      52,990 SF

      Bushwick Warehouse for Lease

      53,000 SF Industrial Space, Brooklyn
      280 Johnson Ave, Brooklyn, NY 11206
      View Details
    • $35 SF/Yr
      2,500 SF

      Bushwick Warehouse Retail Space

      Prime Bushwick location, flexible spaces available.
      120 Evergreen Ave, Brooklyn, NY 11206
      View Details
    • $27,000
      7,161 SF

      East Williamsburg Warehouse/Factory For Lease

      Warehouse/Factory for lease in East Williamsburg, Brooklyn.
      310 Johnson Ave, Brooklyn, NY 11206
      View Details
    • $26,666
      10,000 SF

      Brooklyn Flex/Maker Building for Rent

      Multi-tenant flex building near Montrose Ave L-train Station.
      300 Meserole St, Brooklyn, NY 11206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    65 Meserole St
    Brooklyn, NY 11206
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.