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Property profile & analytics
OFF-MARKET
Office Spaces

247 Water St Brooklyn, NY 11201

35,000 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Total area 35,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lonelyleap Marketing & Advertising Advertising Agency
  • The Base NYC Tattoo & Piercing Shop
  • Ask Lorem Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Callvox Corporate Office
  • Setsuko Hair stylist Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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