Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    291 Ellery St Brooklyn, NY 11206
    Back to Search
    Property profile & analytics

    291 Ellery St Brooklyn, NY 11206

    View on Map
    • Office properties & Spaces
    • 28,286 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 291 Ellery St

    Property size
    28,286 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional brand new office space at 291 Ellery Street in Brooklyn's vibrant Bed-Stuy neighborhood offers two available suites, ranging from 3,750 to 4,500 square feet. Located between Broadway and Marcus Garvey Boulevard, this property boasts unparalleled convenience with easy access to public transportation. The J and M subway lines at the Flushing Avenue station are within walking distance, along with numerous bus routes (B47, B15, B46, B57, & B43), ensuring seamless commutes for employees and clients. The building itself totals 28,286 square feet, providing ample space and a modern feel. This prime location offers immediate proximity to a wide array of amenities, including popular national retailers such as Planet Fitness, Walgreens, Starbucks, Chipotle, Rainbow Shops, Taco Bell, McDonald's, Family Dollar, Auntie Anne's, Sonic Drive-In, Dunkin', Chase Bank, and Foot Locker, enhancing the convenience and appeal of this property. The building is situated in Kings County, New York, with a zip code of 11206. These modern office spaces are perfect for businesses seeking a dynamic and accessible location in a thriving Brooklyn neighborhood. The multiple tenancy structure allows for flexibility and potential for growth. Contact us today to learn more about leasing opportunities.

    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
    -73.9404
    Latitude
    40.6995

    Comparable in this City

    • Value Estimation by Request
      6,433 SF

      149 Maujer St

      Specialty properties • 6,433 SF
      149 Maujer St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      1,439 SF

      721 Flushing Ave, Unit COM-2

      OFFICE (GENERAL) • 1,439 SF
      721 Flushing Ave, Brooklyn, NY 11206-4448
      View Details
    • Value Estimation by Request
      429 SF

      236 Stagg St, Unit CF1

      CONDOMINIUM OFFICES • 429 SF
      236 Stagg St, Brooklyn, NY 11206-1635
      View Details
    • Value Estimation by Request
      84,826 SF

      501 Bushwick Ave

      Individual retail properties • 84,826 SF
      501 Bushwick Ave, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      37,313 SF

      12 Park St

      Individual retail properties • 37,313 SF
      12 Park St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request
      1,978 SF

      65 Graham Ave, Unit CF1

      CONDOMINIUM OFFICES • 1,978 SF
      65 Graham Ave, Brooklyn, NY 11206-3656
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,600 SF

      Renovated Retail/Office Space Near Transit

      Renovated storefront/office space with basement near G train.
      527 Marcy Ave, Brooklyn, NY 11206
      View Details
    • $6,000,000

      Brooklyn Industrial Asset For Sale

      12,500 SF industrial building with redevelopment potential in Brooklyn.
      200 Cook St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      20,000 SF

      Newly Renovated Brooklyn Retail/Office Building

      Renovated retail and office building with high-end design.
      839-845 Broadway, Brooklyn, NY 11206
      View Details
    • $4,500,000
      8,200 SF

      Brooklyn Mixed-Use Industrial Building

      Four-story, 8,200 SF mixed-use building with flexible zoning.
      71 Montrose Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      9,000 SF

      9,000 SF Ground-Floor Condominium

      9,000 SF ground-floor condominium suitable for non-profit and medical uses.
      64 Scholes St, Brooklyn, NY 11206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Brooklyn Mixed-Use Property For Rent

      Mixed-use property near transportation and new development in Brooklyn.
      609 Marcy Ave, Brooklyn, NY 11206
      View Details
    • Contact for pricing

      Williamsburg Office/Retail Space Available

      3,300 SF 2nd floor office/retail space for lease.
      327 Stagg St, Brooklyn, NY 11206
      View Details
    • $5,650 /Mo
      1,200 SF

      Adaptable Retail + Creative Space

      Corner retail and creative space in East Williamsburg, Brooklyn.
      282 Scholes St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      1,584 SF

      Brooklyn Creative Space for Rent

      Creative lofts with free wifi and rooftop terrace access.
      361 Stagg St, Brooklyn, NY 11206
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      2,000 SF

      Modern Office Space in Brooklyn

      Newly built, modern office space with conference room and kitchenette.
      554 Willoughby Ave, 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.
    291 Ellery 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

    Thank You for Inquiry
    291 Ellery St, Brooklyn, NY, 11206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!