247 Water St Brooklyn, NY 11201
This exceptional Dumbo office building at 247 Water Street offers a diverse range of flexible workspace options, perfect for businesses of all sizes. The 35,000 square foot building underwent a complete renovation in 2022, boasting stunning exposed brick and abundant natural light. Multiple tenancy options are available, with spaces ranging from a minimum of 480 square feet to a maximum contiguous space of 1,055 square feet. Currently, 2,235 square feet of space is immediately available. The building's location in the vibrant Dumbo neighborhood provides unparalleled access to public transportation, including the F train, with the A and C trains also within walking distance. A large Citi Bike station is conveniently located nearby. This prime location offers iconic views, a thriving nightlife, and a burgeoning food and arts scene, making it one of New York City's most desirable areas for businesses. The building caters to various office needs, including creative, traditional, executive, coworking, and flex space configurations. This is a unique opportunity to secure high-quality office space in a dynamic and sought-after Brooklyn neighborhood. The building is located in Kings County, New York, with a zip code of 11201.
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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
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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.