Map of Property

123 Varick Avenue

Off-Market

123 Varick Avenue, Brooklyn, NY 11237

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Manufacturing
  • Property Size 89,830 SF
  • Lot Size 3.93 Acre
  • Property Tenancy Owner Occupied
  • LEED Certified Silver
  • Building Class C
  • Year Built 1962

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 07 Aug, 2014
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Brooklyn

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Brooklyn Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $46.07
  • 2022 Office Vacancy Rate 19.10%
  • 2022 Office Completions (SF) 109,174

Brooklyn Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $531.73
  • Y-o-Y Avg. PpSF Change -38.68%
  • 2022 Office Sales Volume $767.4M
  • 2022 Number of Transactions 9
View more Brooklyn market trends

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    82/100 Excellent Transit

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Williamsburg
  • Zip Code 11237
  • Market Brooklyn

Points of Interest

  • Morgan Avenue

    0.32 miles

  • Jefferson Street

    0.39 miles

  • Montrose Avenue

    0.58 miles

  • Grand Street

    0.62 miles

  • Dekalb Ave & Wycoff Ave - SW Corner

    0.64 miles

  • Dekalb Ave & Wycoff Ave - NW Corner

    0.65 miles

  • Dekalb Ave & Wycoff Ave - SE Corner

    0.65 miles

  • Dekalb Ave & Wycoff Ave - NE Corner

    0.66 miles

  • DeKalb Avenue

    0.70 miles

  • Stanhope St & Wycoff Ave - SW Corner

    0.74 miles

  • Sunoco

    0.29 miles

  • BP

    0.37 miles

  • Sunoco

    0.58 miles

  • BP

    0.71 miles

  • BP

    0.71 miles

  • BP

    0.88 miles

  • Exxon

    0.88 miles

  • BP

    1.04 miles

  • BP

    1.06 miles

  • Sunoco

    1.08 miles

  • MMP Parking LLC

    0.67 miles

  • FDNY Fleet Services

    1.94 miles

  • Stop & Shop Parking

    2.08 miles

  • Private Parking Lot

    2.14 miles

  • Central Parking System of New York, Inc.

    2.34 miles

  • Connoly's Parking Lot

    2.34 miles

  • LaGuardia Community College Parking Lot

    2.43 miles

  • Havens Place Lot

    2.66 miles

  • Cielo Garage

    2.68 miles

  • NYPD Brooklyn Tow Pound

    2.72 miles

  • Ichiran

    0.28 miles

  • El Cortez

    0.29 miles

  • Bunker Vietnamese

    0.31 miles

  • Otis

    0.32 miles

  • Shinobi Ramen

    0.33 miles

  • Food cart

    0.35 miles

  • Manny's Grill

    0.35 miles

  • Bunna Cafe

    0.35 miles

  • Tomo

    0.36 miles

  • Faro

    0.37 miles

  • Bushwick Food Coop

    0.33 miles

  • Hana Natural

    0.43 miles

  • Associated Supermarket

    0.51 miles

  • Western Beef

    0.59 miles

  • Key Food

    0.59 miles

  • Associated Market Place

    0.74 miles

  • Brooklyn Harvest

    0.79 miles

  • City Fresh

    0.82 miles

  • Fine Fare

    0.83 miles

  • C-Town

    0.84 miles

  • New York Engine Company 237

    0.35 miles

  • New York Engine Company 206

    0.37 miles

  • New York Foam Company 86

    0.38 miles

  • NYC Housing Police #3

    0.55 miles

  • Unity Drugs

    0.70 miles

  • Irving Pharmacy

    0.72 miles

  • Wyckoff Heights Medical Center

    0.72 miles

  • Marino Pharmacy

    0.76 miles

  • Urgent Care for Kids

    0.77 miles

  • Eightythird Precinct Police Station

    0.77 miles

Frequently Asked Questions

What is the total square footage of 123 Varick Avenue?

123 Varick Avenue totals 89,830 square feet.

When was this property built?

123 Varick Avenue was built in 1962.

When was 123 Varick Avenue last sold?

123 Varick Avenue was last sold on 07 Aug, 2014.

What is the property tax for 123 Varick Avenue?

The property tax for 123 Varick Avenue in 2023-2024 was $484,435.

What is the market value for 123 Varick Avenue?

The market value* for 123 Varick Avenue in 2023-2024 was $11,718,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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