Mixed-Use Building with 2
For Sale
$1,575,000
509 80th St, Brooklyn, NY 11209
Residential Income, Brooklyn, NY
Property Size2,304 SF
Lot Size0.02 Acres
Price / SF$683.59
Days on Market83
Property Features for 509 80th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed Use
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 3, Bathroom 2, Bedroom 4
Subdivision
Bay Ridge
View
City
Standard status
Active
Size
2,304 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
19298
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1930
Floors in Building
3
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Jun 1
Changed: Aug 21
Last Checked: Aug 22 at 2:06AM
MLS# 11798750
Copyright © 2026 My State MLS. 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 2,304-square-foot brick mixed-use building contains two residential apartments above two separate storefronts. The upper levels are configured with a two-bedroom apartment on the second floor and another two-bedroom apartment on the third floor. The ground level includes walk-in retail areas, with a full basement below.
Property improvements include a new boiler, new hot water tank, new roof, new electrical meters and panels, and some newer windows. Hardwood flooring is present, with natural gas and steam heating systems.
The building is located at 509 80th St in Brooklyn’s Bay Ridge area, near 5th Ave. The surrounding setting includes shopping, transportation options, and substantial pedestrian activity. Built in 1930, the property occupies a 0.0178-acre lot.
Property improvements include a new boiler, new hot water tank, new roof, new electrical meters and panels, and some newer windows. Hardwood flooring is present, with natural gas and steam heating systems.
The building is located at 509 80th St in Brooklyn’s Bay Ridge area, near 5th Ave. The surrounding setting includes shopping, transportation options, and substantial pedestrian activity. Built in 1930, the property occupies a 0.0178-acre lot.
Key Highlights
- 2,304‑square‑foot brick mixed‑use building
- Two‑bedroom apartment on the 2nd floor and another two‑bedroom apartment on the 3rd floor
- Two separate ground‑level storefronts with walk‑in retail areas
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
$110,487
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
7.02%
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%
$2,209,740
$2.2M
Cap Rate 7%
$1,578,386
$1.6M
Cap Rate 9%
$1,227,633
$1.2M
Market Conditions
NOI Build-Up for 2,304 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
$179.2K $77.76/SF
− Vacancy
−$21.3K −$9.25/SF
EGI
$157.8K $68.51/SF
− OpEx
−$47.4K −$20.55/SF
NOI
$110.5K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
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%
$2,209,740
Cap Rate 7%
$1,578,386
Cap Rate 9%
$1,227,633
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,487 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$1.19M
$1.05M – $1.39M
NOI $83,635 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,879
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick mixed-use property combines residential units with ground-level retail space.
Where is this mixed-use property located?
The property is located at 509 80th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: 2,304‑square‑foot brick mixed‑use building; Two‑bedroom apartment on the 2nd floor and another two‑bedroom apartment on the 3rd floor; Two separate ground‑level storefronts with walk‑in retail areas
