Property Type Office
Property Size 170,000 Sqft
Lot Size 3 Acre
Property Tenancy Single Tenant
Building Class A
Year Built 2021

Location

City Brooklyn, NY
Neighborhood Williamsburg
Zip Code 11206
Market Brooklyn

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

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

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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.

2020 Avg. Asking Rent $51.42
2020 Office Vacancy Rate 13.25%
2020 Office Completions (Sqft) 1,135,429

Brooklyn Office Sales Trends

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

2020 Avg. Price per Sqft $320.11
Y-o-Y Avg. PpSF Change -21.62%
2020 Office Sales Volume $533.4M
2020 Number of Transactions 8

View more Brooklyn market trends

Tax

Property Tax in 2021-2022 $570,834
Market Value $13,399,000
Assessed Value $13,399,000

Find more tax info, including assessment history and abatements, on CommercialEdge

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Netflix @ 333 Johnson Avenue, Brooklyn, NY 11206 - Office Space

Netflix @ 333 Johnson Avenue is located at 333 Johnson Avenue in the Williamsburg neighborhood, NY, Brooklyn, 11206. The Class A Office building was completed in 2021 and features a total of 170,000 Sqft.

There are 144 office spaces for lease in the Williamsburg neighborhood, totaling 779,211 Sqft of available office space. The office space availability for the 11206 zip code is 397,349 Sqft, in 86 office spaces. The average asking office rent per sq. ft. in Williamsburg is $37.3/sqft/year. For Class A office buildings the average office rate is $33.33/sqft/year, for Class B office buildings the average office rate is $633/sqft/year, for Class C office buildings the average office rate is $35/sqft/year.

In Williamsburg, there are 17 class A office buildings. In 2021, the same year Netflix @ 333 Johnson Avenue was built, 52 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Brooklyn, featuring 1,918,249 square feet of commercial space. At zip code level, there are 23 commercial properties, of which 12 are office buildings over 50,000 square feet.