Mixed-Use Property with
For Sale
$1,060,000
1008 East 92nd Street, Brooklyn, NY 11236
Two residential apartments accompany an unleased retail area with building signage and a full basement.
Property Size2,400 SF
Price / SF$441.67
Days on Market279
Property Features for 1008 East 92nd Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Net Operating Income
$58,492
Taxes and HOA fees
Annual Taxes
$5,008
Amenities
Circuit Breakers
Carpeting, Ceramic, Hardwood, Laminate
4+
3
Other
Full
Poured Concrete
Brick
1
Kitchen
Fence - Full, Sign - Building
Building Details
Year Built
1920
Listing Agency:
Brooklyn Real Property Inc.
(718) 875-8899
Listed By:
Siu Y Shum · License #sys0658
(718) 875-8899
Source:
Compass
Added: Nov 25, 2025
Changed: Aug 29
Last Checked: Aug 31 at 12:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brooklyn Real Property Inc.
Investment Insights
Based on property information with market context.
This brick mixed-use property combines two residential apartments with a street-level retail component. The residential portion includes one approximately 600-square-foot apartment and one approximately 1,200-square-foot retail area is currently unleased; the source also identifies two apartments and a storefront. Apartment improvements include an open-plan kitchen and a modern bathroom. A full basement provides additional space, while building signage offers 20 feet of sign area.
The building measures 20 x 60 feet on a 20 x 100.08-foot lot and was built in 1920. Located in Canarsie, Brooklyn, the property is near BJ’s, shopping, and MTA service. Brick construction, full fencing, circuit breakers, and a kitchen are among the listed property features.
The building measures 20 x 60 feet on a 20 x 100.08-foot lot and was built in 1920. Located in Canarsie, Brooklyn, the property is near BJ’s, shopping, and MTA service. Brick construction, full fencing, circuit breakers, and a kitchen are among the listed property features.
Key Highlights
- Two‑family mixed‑use building with storefront
- 20 x 60‑foot building on a 20 x 100.08‑foot lot
- Approximately 1,200‑square‑foot retail area with no lease
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
$87,120
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
8.22%
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%
$1,742,400
$1.7M
Cap Rate 7%
$1,244,571
$1.2M
Cap Rate 9%
$968,000
$968.0K
Market Conditions
NOI Build-Up for 2,400 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
$158.4K $66.00/SF
− Vacancy
−$19.0K −$7.92/SF
EGI
$139.4K $58.08/SF
− OpEx
−$52.3K −$21.78/SF
NOI
$87.1K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,742,400
Cap Rate 7%
$1,244,571
Cap Rate 9%
$968,000
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,091 @ 7.0% cap · market cap 10.86%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 8.22%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,374
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Two residential apartments accompany an unleased retail area with building signage and a full basement.
Where is this mixed-use property located?
The property is located at 1008 East 92nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,060,000.
What are key features of this property?
This property features: Two‑family mixed‑use building with storefront; 20 x 60‑foot building on a 20 x 100.08‑foot lot; Approximately 1,200‑square‑foot retail area with no lease
