Four-Story Mixed-Use
For Sale
$5,500,000
101 Atlantic Avenue, Brooklyn, NY 11201
Commercial Sale, Brooklyn, NY
Property Size5,500 SF
Price / SF$1,000
Days on Market75
Property Features for 101 Atlantic Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 5
Subdivision
Brooklyn Heights
High school district
000000
Standard status
Active
Size
5,500 SF
Amenities
backyard
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Kellen Koon
Added: Jun 10
Changed: Aug 22
Last Checked: Aug 23 at 12:06AM
MLS# 11817098
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 four-story mixed-use townhouse contains approximately 5,500 square feet, with three renovated free-market apartments above a commercial storefront. The residential units occupy full floors and include vented in-unit washer/dryers, stainless steel appliances, and dishwashers. Tall ceilings and original townhouse character complement the updated interiors, while the retail level offers a high-ceilinged commercial setting.
The first floor includes approximately 1,160 square feet of storefront space, currently arranged as a gym, with access to a 625-square-foot backyard. The cellar provides approximately 1,375 square feet of accessory-use space. Residential layouts include a 2-bedroom, 2-bath apartment on the second floor and 2-bedroom, 1-bath apartments on the third and fourth floors.
The property is located on Atlantic Avenue near restaurants, boutiques, specialty grocers, Sahadi's, Trader Joe's, and Boutros. Nearby subway access includes Borough Hall, Court Street, and Bergen Street stations, with service from the 2/3, 4/5, N/R/W, and F/G lines.
The first floor includes approximately 1,160 square feet of storefront space, currently arranged as a gym, with access to a 625-square-foot backyard. The cellar provides approximately 1,375 square feet of accessory-use space. Residential layouts include a 2-bedroom, 2-bath apartment on the second floor and 2-bedroom, 1-bath apartments on the third and fourth floors.
The property is located on Atlantic Avenue near restaurants, boutiques, specialty grocers, Sahadi's, Trader Joe's, and Boutros. Nearby subway access includes Borough Hall, Court Street, and Bergen Street stations, with service from the 2/3, 4/5, N/R/W, and F/G lines.
Key Highlights
- Approximately 5,500 square feet across 4 full stories plus a cellar
- Three renovated free‑market apartments, including one 2‑bedroom/2‑bath and two 2‑bedroom/1‑bath units
- 1,160 SF storefront with access to a 625 SF backyard
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
$263,750
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
4.80%
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%
$5,275,000
$5.3M
Cap Rate 7%
$3,767,857
$3.8M
Cap Rate 9%
$2,930,556
$2.9M
Market Conditions
NOI Build-Up for 5,500 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
$427.7K $77.76/SF
− Vacancy
−$50.9K −$9.25/SF
EGI
$376.8K $68.51/SF
− OpEx
−$113.0K −$20.55/SF
NOI
$263.8K $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%
$5,275,000
Cap Rate 7%
$3,767,857
Cap Rate 9%
$2,930,556
Alternative Uses
Best Use
Retail
$3.77M
$3.30M – $4.40M
NOI $263,750 @ 7.0% cap · market cap 4.80%
Second Best
Mixed Use
$2.85M
$2.50M – $3.33M
NOI $199,650 @ 7.0% cap · market cap 3.63%
Theoretical Best
Specialty Retail
$4.55M
$3.98M – $5.31M
NOI $318,780 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
10,156
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
Median Rent
$1,131,700
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 - Renovated residential apartments accompany a street-level retail space, cellar, and private backyard.
Where is this mixed-use property located?
The property is located at 101 Atlantic Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 5,500 square feet across 4 full stories plus a cellar; Three renovated free‑market apartments, including one 2‑bedroom/2‑bath and two 2‑bedroom/1‑bath units; 1,160 SF storefront with access to a 625 SF backyard
