Corner Mixed-Use Building with
101 Saratoga Avenue Brooklyn, NY 11233
101 Saratoga Avenue, Brooklyn, NY, 11233
$2,495,000
For Sale
$2,495,000
Floor-through storefront with 12-foot ceilings plus three residential units and three garages around the corner at Decatur.
Property Size4,400 SF
Price / SF$567.05
Days on Market46
Property Features for 101 Saratoga Avenue
General Information
- Standard status
- Active
- Size
- 4,400 SF
- Property subtype
- Mixed Use
Listing agency
Corcoran Group LLC
(718) 288-7703
Listed by
Toni Martin · License #10301207190
(718) 288-7703
Source
Compass
Added: Jun 7 Updated: Jul 22 at 1:20AM Checked: Jul 22 at 9:20AM
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 Corcoran Group LLC
Investment Insights
Based on property information with market context.
This mixed-use property totals 4,400 SF and combines residential income with a street-level commercial storefront. The commercial portion at 101 Saratoga Avenue is a floor-through 1,100 SF storefront with 12-foot ceilings, a bathroom, and basement storage. The three residential units are located around the corner at 651 Decatur, with each unit described as 1,100 SF: Unit 1 is a 2-bed/1-bath plus a 500 SF private terrace; Unit 2 is a 2-bed/1-bath; and Unit 3 is a 1-bed/1-bath with a wood-burning fireplace. The remarks also describe hardwood floors and bay windows, along with east, west, and south exposures for the residential units.
At 653 Decatur Street, the property includes three garages offering secure private parking or additional rental income. The commercial storefront is on a corner lot at Decatur Street and Saratoga Avenue, providing visibility and frontage for the retail space.
The 1st floor and storefront floor plan is noted as not provided, and all space sizes in the remarks are stated as 1,100 SF each where applicable.
At 653 Decatur Street, the property includes three garages offering secure private parking or additional rental income. The commercial storefront is on a corner lot at Decatur Street and Saratoga Avenue, providing visibility and frontage for the retail space.
The 1st floor and storefront floor plan is noted as not provided, and all space sizes in the remarks are stated as 1,100 SF each where applicable.
Key Highlights
- 4,400 SF mixed‑use property with three residential units, a 1,100 SF commercial storefront, and three garages.
- Commercial storefront (101 Saratoga Ave): 1,100 SF, floor‑through layout with 12‑foot ceilings, bathroom, and basement storage.
- Corner location at Decatur St and Saratoga Ave for the commercial space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $342.1k | $77.76 |
| − Vacancy | −$40.7k | −$9.25 |
| EGI | $301.4k | $68.51 |
| − OpEx | −$90.4k | −$20.55 |
| NOI | $211.0k | $47.95 |
4,400 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.01M
$2.64M – $3.52M
NOI $211,000 @ 7.0% cap · market cap 8.46%
Second Best
Mixed Use
$2.28M
$2.00M – $2.66M
NOI $159,720 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,024 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
House of Hope Ministries ...
Church
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FAQs
What type of property is this?
Mixed-use property - Floor-through storefront with 12-foot ceilings plus three residential units and three garages around the corner at Decatur.
Where is this mixed-use property located?
The property is located at 101 Saratoga Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 4,400 SF mixed‑use property with three residential units, a 1,100 SF commercial storefront, and three garages.; Commercial storefront (101 Saratoga Ave): 1,100 SF, floor‑through layout with 12‑foot ceilings, bathroom, and basement storage.; Corner location at Decatur St and Saratoga Ave for the commercial space.
