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300 Kingsland Ave 16,119 SF 100% Leased Industrial Building Brooklyn, NY 11222 $7,390,000 ($458.47/SF) 4.60% Cap Rate
Executive Summary
Investment Highlights
16,119 SF industrial warehouse in prime Greenpoint, Brooklyn
Asking price: $7,390,000 — approximately $458/SF
Existing lease through 2033
Annual rent: $27/SF
M1-2 zoning
Approximately 15-foot clear height
Two drive-in roll-up doors
Two additional side entrances
Approximately 200–400 amps of power
161' × 100' lot
Excellent access to the BQE, Kosciuszko Bridge, Williamsburg Bridge, and Midtown Tunnel
Convenient connectivity to Brooklyn, Queens, Manhattan, and Long Island
Suitable for industrial, distribution, light-manufacturing, production, and creative uses
Stable in-place income with long-term owner-user or repositioning potential
Rare opportunity to acquire a sizable industrial asset in the Greenpoint market
16,119 SF industrial warehouse in prime Greenpoint, Brooklyn
Asking price: $7,390,000 — approximately $458/SF
Existing lease through 2033
Annual rent: $27/SF
M1-2 zoning
Approximately 15-foot clear height
Two drive-in roll-up doors
Two additional side entrances
Approximately 200–400 amps of power
161' × 100' lot
Excellent access to the BQE, Kosciuszko Bridge, Williamsburg Bridge, and Midtown Tunnel
Convenient connectivity to Brooklyn, Queens, Manhattan, and Long Island
Suitable for industrial, distribution, light-manufacturing, production, and creative uses
Stable in-place income with long-term owner-user or repositioning potential
Rare opportunity to acquire a sizable industrial asset in the Greenpoint market
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$432,000
|
$26.58
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$432,000
|
$26.58
|
| Taxes |
$95,181
|
$5.86
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$95,181
|
$5.86
|
| Net Operating Income |
$336,819
|
$20.73
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $432,000 |
| Annual Per SF | $26.58 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $432,000 |
| Annual Per SF | $26.58 |
| Taxes | |
|---|---|
| Annual | $95,181 |
| Annual Per SF | $5.86 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $95,181 |
| Annual Per SF | $5.86 |
| Net Operating Income | |
|---|---|
| Annual | $336,819 |
| Annual Per SF | $20.73 |
Property Facts
Utilities
- Lighting
- Water
- Sewer
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Windmill Studios
- Professional, Scientific, and Technical Services
- -
- -
- Industrial Gross
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Windmill Studios | Professional, Scientific, and Technical Services | - | - | Industrial Gross | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02658-0052 | Total Assessment | $1,030,500 |
| Land Assessment | $290,250 | Annual Taxes | $95,181 ($5.90/SF) |
| Improvements Assessment | $740,250 | Tax Year | 2026 |
Property Taxes
Parcel Number
02658-0052
Land Assessment
$290,250
Improvements Assessment
$740,250
Total Assessment
$1,030,500
Annual Taxes
$95,181 ($5.90/SF)
Tax Year
2026
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300 Kingsland Ave
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