Mixed-Use Property with
For Sale
$2,495,000
101 Saratoga Avenue, Brooklyn, NY 11233
Corner-lot asset combines residential units with a commercial storefront and private parking.
Property Size4,400 SF
Price / SF$567.05
Days on Market129
Property Features for 101 Saratoga Avenue
General Information
Standard status
Active
Size
4,400 SF
Total Parking Spaces
3
Property subtype
Mixed
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Additional Details
Asking Price
$2,495,000
Taxes and HOA fees
Annual Taxes
$15,924
Amenities
12-foot ceilings
bathroom
basement storage
Building Details
Units
4
Tenancy
Multi
Listing Agency:
Bedford Stuyvesant
Listed By:
Toni Martin · License #10301207190
(718) 288-7703
Source:
Corcoran
Added: Jun 12
Changed: Oct 16
Last Checked: Oct 16 at 8:39AM
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 Bedford Stuyvesant
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Investment Insights
Based on property information with market context.
This mixed-use property totals 4,400 SF and includes three residential units, a commercial storefront, and three garages. The residences are located at 651 Decatur Street, with each measuring 1,100 SF. Unit 1 has two bedrooms, one bathroom, and a 500 SF private terrace; Unit 2 offers two bedrooms and one bathroom; Unit 3 includes one bedroom, one bathroom, and a wood-burning fireplace. Hardwood floors, bay windows, and oversized kitchens and baths are featured across the residential spaces.
The commercial component at 101 Saratoga Avenue is a 1,100 SF floor-through storefront with 12-foot ceilings, a bathroom, and basement storage. The property occupies the corner of Decatur Street and Saratoga Avenue, providing frontage for the commercial space. Restaurants, cafes, and boutique shops are located nearby, with access to major transit options serving Brooklyn and surrounding areas.
The commercial component at 101 Saratoga Avenue is a 1,100 SF floor-through storefront with 12-foot ceilings, a bathroom, and basement storage. The property occupies the corner of Decatur Street and Saratoga Avenue, providing frontage for the commercial space. Restaurants, cafes, and boutique shops are located nearby, with access to major transit options serving Brooklyn and surrounding areas.
Key Highlights
- 4,400 SF mixed‑use property with three residential units, a storefront, and three garages
- Three 1,100 SF residential units with a two‑bedroom, two‑bedroom, and one‑bedroom configuration
- 1,100 SF floor‑through storefront with 12‑foot ceilings, bathroom, and basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$211,000
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,220,000
$4.2M
Cap Rate 7%
$3,014,286
$3.0M
Cap Rate 9%
$2,344,444
$2.3M
Market Conditions
NOI Build-Up for 4,400 SF
Gross rent
$342.1K $77.76/SF
− Vacancy
−$40.7K −$9.25/SF
EGI
$301.4K $68.51/SF
− OpEx
−$90.4K −$20.55/SF
NOI
$211.0K $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 Rate 5%
$4,220,000
Cap Rate 7%
$3,014,286
Cap Rate 9%
$2,344,444
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 authorities.
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,519
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot asset combines residential units with a commercial storefront and private parking.
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 storefront, and three garages; Three 1,100 SF residential units with a two‑bedroom, two‑bedroom, and one‑bedroom configuration; 1,100 SF floor‑through storefront with 12‑foot ceilings, bathroom, and basement storage
