Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    in Dumbo Retail/Office Spc On Jay St Brooklyn, NY 11201

    • Retail properties & Spaces
    For Lease
    View listing
    $46 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for in Dumbo Retail/Office Spc On Jay St

    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional 1,500-square-foot retail and office space is ideally situated on Jay Street in the vibrant Dumbo neighborhood of Brooklyn, New York. The property offers a single-tenant occupancy in a traditional office setting, perfect for a variety of businesses. Located in Kings County, with a 11201 zip code, this ground-floor space is available for immediate possession. The monthly rent is $5,900, translating to $48 per square foot. The lease term is negotiable. The space is offered in "as is" condition

    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
    -73.9868
    Latitude
    40.7028

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      82 John St

      Office Units • 2,700 SF
      82 John St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      50,000 SF

      32 Bridge St

      Office Units • 50,000 SF
      32 Bridge St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request

      Ground Floor Retail/ Office Space On Jay St

      Office properties & Spaces
      0 Ground Floor Retail/ Office Space On Jay St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      3,000 SF

      38 Washington St

      Individual retail properties • 3,000 SF
      38 Washington St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request
      320,000 SF

      58 Jay St

      Office Units • 320,000 SF
      58 Jay St, Brooklyn, NY 11201
      View Details
    • Value Estimation by Request

      New York Ny

      Office Units
      0 New York Ny, New York, NY 11201
      View Details

    Similar Nearby for Sale

    • $195,000

      Renovated Thai Restaurant in Brooklyn

      Turn-key Thai restaurant for sale in Brooklyn, NY.
      204 Smith St, Brooklyn, NY 11201
      View Details
    • $739,888
      Pending

      Brooklyn Heights Office with Views

      Spacious, sunny office in Brooklyn Heights with water views.
      142 Joralemon St, Brooklyn, NY 11201
      View Details
    • $7,500,000
      Pending

      Landmark Brooklyn Heights Mixed-Use Building

      Iconic mixed-use building with residential units and commercial storefronts.
      138 Montague St, Brooklyn, NY 11201
      View Details
    • $3,600,000
      Pending

      Downtown Brooklyn Mixed-Use Property

      Mixed-use property in Downtown Brooklyn near transit and amenities.
      145 Smith St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      11,162 SF

      Smith Street Development Opportunity

      Approved plans for a 5-story, 7-unit elevator building.
      157 Smith St, Brooklyn, NY 11201
      View Details
    • $4,500,000
      3,802 SF

      Brooklyn Mixed-Use Investment Opportunity

      Fully occupied Brooklyn property with residential and commercial units.
      145 Atlantic Ave, Brooklyn, NY 11201
      View Details

    Similar Nearby for Lease

    • $50 SF/Yr
      2,099 SF

      Dumbo Retail Space - Prospect St.

      Prime Dumbo retail/office, 2,099 sq ft.
      0 Ground Fl Retail/ Office On Prospect Street-101, Brooklyn, NY 11201
      View Details
    • $39 SF/Yr
      2,200 SF

      Dumbo Jay Street Retail Space

      Prime Dumbo office/retail, 2,200 sq ft.
      0 Ground Fl Retail/ Office Spc On Jay St, Brooklyn, NY 11201
      View Details
    • $46 SF/Yr
      1,500 SF

      Dumbo Retail/Office Space

      1,500 SF Dumbo Retail Space, Immediate Occupancy
      in Dumbo Retail/Office Spc On Jay St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      3,100 SF

      Prime Brooklyn Medical Office Space

      3,100 SF Medical Office - For Lease
      110 York St, Brooklyn, NY 11201
      View Details
    • $48 SF/Yr
      10,000 SF

      Brooklyn Office Space for Lease

      Versatile Office Space in Prime Brooklyn Location
      231 Front St, Brooklyn, NY 11201
      View Details
    • Contact for pricing
      8,439 SF

      Downtown Brooklyn Medical Office Space

      Prime medical office suites available in vibrant Brooklyn.
      111 Lawrence St, Brooklyn, NY 11201
      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.
    in Dumbo Retail/Office Spc On Jay St
    Brooklyn, NY 11201
    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.
    Sign Up Successful!
    You now have access to more from Realmo!