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Property summary
This 2,400-square-foot vacant warehouse in Brooklyn, NY, presents a compelling investment opportunity. Located at 949 Remsen Ave, in the East Flatbush neighborhood, this property is zoned M1-1 and offers significant potential. The building, a two-story brick structure with dimensions of 20 x 75 feet, features 14-foot ceilings and a substantial 2,240 square feet of ground floor industrial space. A second-floor office space provides added functionality, complete with a bathroom and kitchen. … The property also includes a rear lot, enhancing its versatility. Conveniently situated near the Belt Parkway, this location offers easy access to major transportation routes. Public transportation is readily available, with proximity to the L train at Canarsie-Rockaway Parkway and several bus lines (B17, B60, & B8). The area boasts a strong retail presence, with nearby businesses including Dunkin', Planet Fitness, and numerous other national chains. This property is delivered vacant and ready for immediate occupancy. Its prime location and versatile layout make it an ideal investment for a variety of industrial uses.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 14 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 2,440 SF
- Lot area
- 0.05 ac
- Year built
- 1931
- Stories
- 2
- APN
- 08124-0024
- Zoning
- M1-1
- Assessed value · 2024
- $193,950
- Annual tax · 2024
- $19,580
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $19,580
- Selected cap rate
- Warehouse, Storage
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Brooklyn market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
This district is designed for a wide range of manufacturing and related uses which can conform to a high level of performance standards
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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