Ten-Story Mixed-Use Elevator
467 Keap Street Brooklyn, NY 11211
467 Keap Street, Brooklyn, NY, 11211
$24,000,000
For Sale
$24,000,000
COMMERCIAL - Brooklyn, NY
Property Size77,664 SF
Lot Size0.39 Acres
Price / SF$309.02
Days on Market144
Property Features for 467 Keap Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Annual Amount
- 132292
Building Details
- Year built
- 2009
Listing Agency
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY
Listed by
Emma Barattini
(646) 838-1378
Added: Feb 23 Checked: Jul 17 at 3:06 am
MLS# 11661314
Listing URL
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Investment Insights
Based on property information with market context.
This ten-story mixed-use elevator building was constructed in 2009 and contains 29 residential lofts with 20' ceilings. The residential component is fully occupied, including six affordable units. The property also includes an 8,300 SF commercial space served by an elevator, with cellar storage and a loading dock. Structured parking is provided across three levels with 60 spaces. An additional 6,985 SF of parking could be added on the second-floor roof, subject to development.
Located at 467 Keap Street in Brooklyn (Kings County), the building sits on a 96.08' x 183.33' lot (approximately 0.39 acres). The offering includes a 421a tax exemption in place until July 2038. Current gross annual income is stated at $2,158,235, with current net annual income of approximately $1,863,163. A legal residential rent roll is provided at $1,401,975 per year.
For commercial tenants and buyers, the property offers a combined residential and income-producing commercial configuration, with the commercial space currently leased for $14,000 per month to a high-end gym on a portion of the building’s 8,300 SF. The stated actual cap rate is 7.76%. With the commercial lease fully implemented, the projected total gross income is approximately $2,352,375, based on the figures provided.
Located at 467 Keap Street in Brooklyn (Kings County), the building sits on a 96.08' x 183.33' lot (approximately 0.39 acres). The offering includes a 421a tax exemption in place until July 2038. Current gross annual income is stated at $2,158,235, with current net annual income of approximately $1,863,163. A legal residential rent roll is provided at $1,401,975 per year.
For commercial tenants and buyers, the property offers a combined residential and income-producing commercial configuration, with the commercial space currently leased for $14,000 per month to a high-end gym on a portion of the building’s 8,300 SF. The stated actual cap rate is 7.76%. With the commercial lease fully implemented, the projected total gross income is approximately $2,352,375, based on the figures provided.
Key Highlights
- Ten‑story mixed‑use building built in 2009 with 29 residential lofts and 8,300 SF commercial space with elevator
- Residential lofts feature 20' ceilings; 29 units are fully occupied, including 6 affordable units
- Commercial space: half leased for $14,000/month to a high‑end gym; projected full commercial lease gross income ~$2,352,375
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
360 Management LLC
Property Management Company
Ainslie Tower
Apartment Building
Revenue Breakthrough
Business Management Consultant
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FAQs
What type of property is this?
Mixed-use property - A fully occupied 2009 building with residential lofts, an 8,300 SF elevator-accessible commercial unit, and structured parking.
Where is this mixed-use property located?
The property is located at 467 Keap Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: Ten‑story mixed‑use building built in 2009 with 29 residential lofts and 8,300 SF commercial space with elevator; Residential lofts feature 20' ceilings; 29 units are fully occupied, including 6 affordable units; Commercial space: half leased for $14,000/month to a high‑end gym; projected full commercial lease gross income ~$2,352,375
