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201 46th St 52,000 SF 100% Leased Industrial Building Brooklyn, NY 11220 $18,800,000 ($361.54/SF) 5.36% Cap Rate
Executive Summary
Rare opportunity to acquire a fully leased industrial asset in the heart of Sunset Park, Brooklyn, one of New York City’s most established industrial and logistics corridors. This free-standing warehouse offers stable in-place cash flow, exceptional transportation access, and long-term value appreciation potential.
Positioned on approximately 26,000 SF of land with approximately 52,000 SF of warehouse and industrial space across four stories plus a basement, the property is located within an M1-2D zoning district, providing flexibility for a wide range of industrial, manufacturing, warehouse, distribution, showroom, and commercial uses.
The property is currently 98% occupied by long-term commercial tenants, generating approximately $1,476,707 in annual gross income with an annual Net Operating Income (NOI) of approximately $1,007,000, representing a 5.35% cap rate at the asking price.
Positioned on approximately 26,000 SF of land with approximately 52,000 SF of warehouse and industrial space across four stories plus a basement, the property is located within an M1-2D zoning district, providing flexibility for a wide range of industrial, manufacturing, warehouse, distribution, showroom, and commercial uses.
The property is currently 98% occupied by long-term commercial tenants, generating approximately $1,476,707 in annual gross income with an annual Net Operating Income (NOI) of approximately $1,007,000, representing a 5.35% cap rate at the asking price.
Property Facts
| Price | $18,800,000 | Rentable Building Area | 52,000 SF |
| Price Per SF | $361.54 | No. Stories | 5 |
| Sale Type | Investment | Year Built/Renovated | 1900/1990 |
| Cap Rate | 5.36% | Parking Ratio | 0.77/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 0.60 AC | Opportunity Zone |
Yes
|
| Zoning | M1-2D - Light industrial with offices, hotels, and most retail uses permitted | ||
| Price | $18,800,000 |
| Price Per SF | $361.54 |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.60 AC |
| Rentable Building Area | 52,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1900/1990 |
| Parking Ratio | 0.77/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Opportunity Zone |
Yes |
| Zoning | M1-2D - Light industrial with offices, hotels, and most retail uses permitted |
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Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 00745-0001 | Improvements Assessment | $2,915,100 |
| Land Assessment | $234,450 | Total Assessment | $3,149,550 |
Property Taxes
Parcel Number
00745-0001
Land Assessment
$234,450
Improvements Assessment
$2,915,100
Total Assessment
$3,149,550
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201 46th St
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