Two-Story Mixed-Use
For Sale
$1,595,000
106 Wyckoff Avenue, Brooklyn, NY 11237
Masonry building with a former dental office on the ground floor and an apartment configuration above.
Property Size1,500 SF
Lot Size0.04 Acres
Price / SF$1,063
Days on Market8
Property Features for 106 Wyckoff Avenue
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.04 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$13,442
Building Details
Building Size
1,500 SF
Year Built
1900
Buildings
1
Stories
2
Construction
masonry
Listing Agency:
Keller Williams Realty
(646) 247-3290
Listed By:
John J. Ricco
Source:
Serhant
Added: Aug 14
Changed: Aug 20
Last Checked: Aug 21 at 10:07AM
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
Investment Insights
Based on property information with market context.
Built in 1900, this two-story masonry mixed-use property includes approximately 1,500 square feet, a basement, and a narrow lot measuring approximately 15.08 feet by 111.5 feet. The street-level space was used for many years as a dental office, while the second floor is arranged as an apartment. The configuration provides both commercial and residential components within the same building.
The property is at 106 Wyckoff Avenue in Brooklyn, directly across from Wyckoff Heights Medical Center and near the DeKalb Avenue L station. Restaurants, cafés, nightlife venues, arts organizations, and creative businesses surround the Bushwick-Ridgewood border location. 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. Legal occupancy, permitted uses, development calculations, and proposed improvements require independent verification and applicable approvals.
The property is at 106 Wyckoff Avenue in Brooklyn, directly across from Wyckoff Heights Medical Center and near the DeKalb Avenue L station. Restaurants, cafés, nightlife venues, arts organizations, and creative businesses surround the Bushwick-Ridgewood border location. 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. Legal occupancy, permitted uses, development calculations, and proposed improvements require independent verification and applicable approvals.
Key Highlights
- Two‑story masonry mixed‑use building constructed in 1900
- Approximately 1,500 square feet plus basement
- Lot measures approximately 15.08 feet by 111.5 feet
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
$54,450
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
3.41%
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%
$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
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
$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 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%
$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
Multifamily LT 5
$750.5K
$656.7K – $875.6K
NOI $52,533 @ 7.0% cap · market cap 3.29%
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.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
5,689
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Masonry building with a former dental office on the ground floor and an apartment configuration above.
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 mixed‑use building constructed in 1900; Approximately 1,500 square feet plus basement; Lot measures approximately 15.08 feet by 111.5 feet
