Corner Mixed-Use Building with
For Sale
$23,388,000
101-105 Havemeyer Street, Brooklyn, NY 11211
Mixed-use corner building offering apartments plus restaurant and retail space under M1-2/R6A/MX-8 zoning.
Property Size31,500 SF
Days on Market484
Property Features for 101-105 Havemeyer Street
General Information
Standard status
Active
Size
31,500 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$269,221
Building Details
Building Size
31,500 SF
Year Built
1915
Listing Agency:
All Island Estates Realty Corp
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Serhant
Added: Jul 3, 2025
Changed: Oct 25
Last Checked: Oct 28 at 2:13PM
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 All Island Estates Realty Corp
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This corner mixed-use building totals 36 units and combines residential and commercial space, including 21 free-market apartments and 11 stabilized apartments, plus a restaurant and three commercial units. Reported building features include high 10’ ceilings, all-new LED lighting, and 3-phase power. The property has 6 parking spaces and 154 feet of wrap-around frontage along Havemeyer Street and Hope Street, with access at a signalized intersection.
The building is positioned in Williamsburg, described as one block off I-278 and minutes from the Williamsburg Bridge. Nearby businesses and services referenced in the remarks include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, and IHOP.
Designed for investors, developers, and end-users, the property’s mixed-income residential component and on-site commercial uses provide an operationally diverse platform. The financials provided include $1,400,000 in current gross income and $1,078,161 in reported NOI, along with annual common-area expenses listed in the remarks.
The building is positioned in Williamsburg, described as one block off I-278 and minutes from the Williamsburg Bridge. Nearby businesses and services referenced in the remarks include Starbucks, Peter Luger’s Steak House, The Home Depot, Whole Foods Market, CubeSmart Self Storage, T-Mobile, Planet Fitness, Walgreens, Dunkin’, Liberty Tax, Meineke Car Care Center, Trader Joe’s, McDonald’s, and IHOP.
Designed for investors, developers, and end-users, the property’s mixed-income residential component and on-site commercial uses provide an operationally diverse platform. The financials provided include $1,400,000 in current gross income and $1,078,161 in reported NOI, along with annual common-area expenses listed in the remarks.
Key Highlights
- 31,500 SF, 36‑unit corner mixed‑use building on Havemeyer St & Hope St with 21 free‑market apartments, 11 stabilized apartments, and a restaurant plus 3 commercial units
- Zoned M1‑2/R6A/MX‑8
- 154 ft wrap‑around frontage on Havemeyer Street & Hope Street, located at a signalized intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,825,740
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$36,514,800
$36.5M
Cap Rate 7%
$26,082,000
$26.1M
Cap Rate 9%
$20,286,000
$20.3M
Market Conditions
NOI Build-Up for 31,500 SF
Gross rent
$2.65M $84.00/SF
− Vacancy
−$211.7K −$6.72/SF
EGI
$2.43M $77.28/SF
− OpEx
−$608.6K −$19.32/SF
NOI
$1.83M $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 Rate 5%
$36,514,800
Cap Rate 7%
$26,082,000
Cap Rate 9%
$20,286,000
Alternative Uses
Best Use
Specialty Retail
$26.08M
$22.82M – $30.43M
NOI $1,825,740 @ 7.0% cap · market cap 7.81%
Second Best
Mixed Use
$16.33M
$14.29M – $19.06M
NOI $1,143,450 @ 7.0% cap · market cap 4.89%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,980
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use corner building offering apartments plus restaurant and retail space under M1-2/R6A/MX-8 zoning.
Where is this mixed-use property located?
The property is located at 101-105 Havemeyer Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $23,388,000.
What are key features of this property?
This property features: 31,500 SF, 36‑unit corner mixed‑use building on Havemeyer St & Hope St with 21 free‑market apartments, 11 stabilized apartments, and a restaurant plus 3 commercial units; Zoned M1‑2/R6A/MX‑8; 154 ft wrap‑around frontage on Havemeyer Street & Hope Street, located at a signalized intersection
