Brick Butcher Shop Retail
For Sale
$700,000
219 Prospect Park W, Brooklyn, NY 11215
Commercial, Brooklyn, NY
Property Size1,100 SF
Lot Size0.04 Acres
Price / SF$636.36
Days on Market52
Property Features for 219 Prospect Park W
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Subdivision
Park Slope
Standard status
Active
Size
1,100 SF
Lot size
0.04 Acres
Building Details
Number of units
1
Building materials
Brick
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(646) 301-6298
Added: Jul 18
Changed: Sep 5
Last Checked: Sep 7 at 5:06AM
MLS# 503122
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property contains an established butcher shop within a 1,100-square-foot building constructed with brick materials. The operation serves a neighborhood retail use and is positioned in Brooklyn’s Park Slope neighborhood.
The property occupies a 0.0413-acre lot at 219 Prospect Park W in Brooklyn, NY 11215. R5B zoning applies to the site, and the property is located in Kings County.
The property occupies a 0.0413-acre lot at 219 Prospect Park W in Brooklyn, NY 11215. R5B zoning applies to the site, and the property is located in Kings County.
Key Highlights
- Established neighborhood butcher shop
- 1,100‑square‑foot property
- Brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,756
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,275,120
$1.3M
Cap Rate 7%
$910,800
$910.8K
Cap Rate 9%
$708,400
$708.4K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$92.4K $84.00/SF
− Vacancy
−$7.4K −$6.72/SF
EGI
$85.0K $77.28/SF
− OpEx
−$21.3K −$19.32/SF
NOI
$63.8K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,275,120
Cap Rate 7%
$910,800
Cap Rate 9%
$708,400
Alternative Uses
Best Use
Specialty Retail
$910.8K
$797.0K – $1.06M
NOI $63,756 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$753.6K
$659.4K – $879.2K
NOI $52,750 @ 7.0% cap · market cap 7.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,648
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 35%
Shops & Services 11%
Apparel 3%
Windsor Farms Market
Groceries
15,116 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,912 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
6,971 visits/mo
0.2 miles
Santander Bank
Shops & Services
4,660 visits/mo
0.1 miles
Fonda
Dining
4,409 visits/mo
0.4 miles
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Neighborhood Deli & Grocery Inc — 326 Greenwood Ave, Brooklyn, NY 11218
- Seeley Deli — 251 seeley st, brooklyn, ny 11218
- Prospect Market — 236-238 Prospect Park W, Brooklyn, NY 11215
- Marketplace By Key Food — 615 5th Ave, Brooklyn, NY 11215
- Associated Fresh — 615 5th Ave, Brooklyn, NY 11215
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established butcher shop with a brick structure in Brooklyn’s Park Slope neighborhood.
Where is this grocery and convenience store located?
The property is located at 219 Prospect Park W Brooklyn, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Established neighborhood butcher shop; 1,100‑square‑foot property; Brick construction
