Two-Story Mixed-Use
For Sale
$1,595,000
106 Wyckoff Avenue, Brooklyn, NY 11237
The masonry property combines a former dental-office ground floor with an upper level configured as an apartment.
Property Size1,500 SF
Lot Size0.04 Acres
Price / SF$1,063
Days on Market9
Property Features for 106 Wyckoff Avenue
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.04 Acres
Property subtype
Residential Income
Units
Multifamily Units
1
Office Units
1
Additional Details
Public Transit
Yes
Property Use
Dental Office
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$13,442
Amenities
Full
Yes
Other
Public
No
On Street
1500
Building Details
Building Size
1,500 SF
Year Built
1900
Buildings
1
Stories
2
Construction
masonry
Listing Agency:
Keller Williams Realty
(516) 703-2918
Listed By:
John Taylor
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 2:50PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This two-story masonry mixed-use property contains approximately 1,500 square feet plus a basement on an approximately 15.08' x 111.5' lot. The ground floor served as a dental office for many years, and the upper floor is currently arranged as an apartment. Legal occupancy and any proposed improvements require independent verification and applicable approvals.
Wyckoff Heights Medical Center is directly across the street. The property is also described as convenient to the DeKalb Avenue L station, with restaurants, cafes, nightlife, arts and creative businesses in the surrounding area.
Public-record zoning calculations indicate approximately 3,663 square feet of residential zoning floor area, including approximately 2,164 square feet of unused development potential. These calculations and any future development are subject to independent review and governmental approvals.
Wyckoff Heights Medical Center is directly across the street. The property is also described as convenient to the DeKalb Avenue L station, with restaurants, cafes, nightlife, arts and creative businesses in the surrounding area.
Public-record zoning calculations indicate approximately 3,663 square feet of residential zoning floor area, including approximately 2,164 square feet of unused development potential. These calculations and any future development are subject to independent review and governmental approvals.
Key Highlights
- Two‑story masonry building with approximately 1,500 square feet plus a basement
- Lot measures approximately 15.08' x 111.5'
- Ground floor was occupied as a dental office for many years; upper level is configured as an apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,450
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,000
$1.1M
Cap Rate 7%
$777,857
$777.9K
Cap Rate 9%
$605,000
$605.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$99.0K $66.00/SF
− Vacancy
−$11.9K −$7.92/SF
EGI
$87.1K $58.08/SF
− OpEx
−$32.7K −$21.78/SF
NOI
$54.5K $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 Rate 5%
$1,089,000
Cap Rate 7%
$777,857
Cap Rate 9%
$605,000
Alternative Uses
Best Use
Mixed Use
$777.9K
$680.6K – $907.5K
NOI $54,450 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$534.6K
$467.8K – $623.7K
NOI $37,422 @ 7.0% cap · market cap 2.35%
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,940 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,689
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The masonry property combines a former dental-office ground floor with an upper level configured as an apartment.
Where is this mixed-use property located?
The property is located at 106 Wyckoff Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Two‑story masonry building with approximately 1,500 square feet plus a basement; Lot measures approximately 15.08' x 111.5'; Ground floor was occupied as a dental office for many years; upper level is configured as an apartment
