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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    344 Maujer St, Unit 360 Brooklyn, NY 11206-1712

    • Warehouses
    • 24,890 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Aug 31, 2023
    $9,150,000
    Value Estimations
    $8,535,000
    Show details
    Cap Rate Potential
    7.2%
    Warehouses
    Location Intelligence
    Property ID
    US63-6276270
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • pmr lifestyle magazine / Publisher
    • Floyd Music Studio LLC / Recording Studio / Musician
    • Lazer Boutique Soundstage / Recording Studio

    Property Details for 344 Maujer St

    Year built
    1954
    Lot size
    0.46 lot acres
    Property size
    24,890 SF
    Zone code
    M1-2
    Property type
    Warehouses
    APN
    03021-0037
    APU
    30210037

    Description

    This exceptional warehouse property at 344 Maujer Street in Brooklyn, New York, offers a unique leasing opportunity. Situated in Kings County, this industrial space boasts a total of 8,800 square feet, divided into two suites. Currently, there is 5,800 square feet of vacant space available, offering flexible lease options ranging from a minimum of 2,400 square feet to a maximum contiguous space of 3,400 square feet. The building features a frontage ranging from 24 to 34 feet, providing excellent accessibility. The property's convenient location is further enhanced by its proximity to Morgan Street and Waterbury Street, offering easy access to major transportation routes. This multi-tenant building presents an ideal solution for businesses seeking a versatile and well-located warehouse space in the vibrant Brooklyn market. The property is classified as industrial and is zoned for warehouse use. The address is 344 Maujer Street, Brooklyn, NY 11206. Interested parties should inquire about available lease terms and conditions.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,495,000
      ML approach
      $7,780,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,960,000
      6.5%
      $8,270,000
      7%
      $7,680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $12,184,000
      Market price range: $7.49M - $12.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $9,240,000
      Current use
      COMMERCIAL (GENERAL)
      $10,830,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $7,605,000
      Change: -18% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9349
    Latitude
    40.7124
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $170,075
    $298,350
    $1,601,100
    $1,899,450
    -
    $663,000
    $3,558,000
    $4,221,000

    Comparable in this City

    • Value Estimation
      $350,000
      2,500 SF

      166 Cook St

      WAREHOUSE, STORAGE • 2,500 SF
      166 Cook St, Brooklyn, NY 11206-3702
      View Details
    • Value Estimation
      $355,000
      2,500 SF

      88 Gerry St

      WAREHOUSE, STORAGE • 2,500 SF
      88 Gerry St, Brooklyn, NY 11206-4326
      View Details
    • Value Estimation
      $385,000
      2,500 SF

      186 Varet St

      WAREHOUSE, STORAGE • 2,500 SF
      186 Varet St, Brooklyn, NY 11206-3703
      View Details
    • Value Estimation by Request
      4,000 SF

      345 Maujer St

      Distribution properties • 4,000 SF
      345 Maujer St, Brooklyn, NY 11206
      View Details
    • Value Estimation by Request

      93 Forrest St

      Distribution properties
      93 Forrest St, Brooklyn, NY 11206
      View Details
    • Value Estimation
      $1,510,000
      9,500 SF

      215 Cook St

      WAREHOUSE, STORAGE • 9,500 SF
      215 Cook St, Brooklyn, NY 11206
      View Details

    Similar Nearby for Sale

    • $3,700,000
      Pending

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    • Contact for pricing
      10,000 SF

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      Single-story industrial property in vibrant East Williamsburg commercial corridor.
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    • $13,000,000
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      Williamsburg Warehouse - $13M

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      Williamsburg Warehouse Investment

      Prime East Williamsburg warehouse, 27,500 SF, high NOI.
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    • $4,950,000
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      East Williamsburg Warehouse with Parking

      8,600 SF warehouse with parking and development potential.
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      24,200 SF

      East Williamsburg Flexible Zoning Opportunity

      Located in a sought-after creative district with advantageous accessibility.
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    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building with Outdoor Space

      31,450 SF industrial building with 21,540 SF outdoor space.
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      Bushwick Warehouse Retail Space

      Prime Bushwick location, flexible spaces available.
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      East Williamsburg Warehouse/Factory For Lease

      Warehouse/Factory for lease in East Williamsburg, Brooklyn.
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      View Details
    • Contact for pricing
      52,990 SF

      Bushwick Warehouse for Lease

      53,000 SF Industrial Space, Brooklyn
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    • $13,750 /Mo
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      Brooklyn Warehouse and Office Space

      6,250 SF warehouse and office space near Montrose Ave station.
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      2,750 SF

      Brooklyn Warehouse Space Available

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      View Details
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    Brooklyn, NY 11206-1712
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    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
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