Brick Mixed-Use
For Sale
$2,999,000
1067 Brighton Beach Ave, Brooklyn, NY 11235
Residential Income, Brooklyn, NY
Property Size6,384 SF
Lot Size0.05 Acres
Price / SF$469.77
Days on Market49
Property Features for 1067 Brighton Beach Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed Use
Bedrooms
8
Bathrooms
7
Full bathrooms
4
Half bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 2, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 3, Bathroom 6, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 1
Subdivision
Brighton Beach
Standard status
Active
Size
6,384 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
45382
Utilities
Heating system
Natural Gas, Steam
Building Details
Year built
1926
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Added: Aug 18
Changed: Oct 1
Last Checked: Oct 5 at 4:06AM
MLS# 11939901
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 6,384-square-foot mixed-use building combines three retail stores at street level with four two-bedroom apartments above. The 1926 structure is built of brick and includes hardwood and tile flooring, natural gas and steam heating, and a flat roof. The layout provides distinct commercial and residential components within one property.
Located at 1067 Brighton Beach Ave in Brooklyn, the building is near the B and Q subway lines and multiple local and express bus routes. Brighton Beach Boardwalk, shopping, supermarkets, schools, medical offices, and dining establishments are also in the surrounding area. The property occupies 0.0544 acres in Kings County.
Located at 1067 Brighton Beach Ave in Brooklyn, the building is near the B and Q subway lines and multiple local and express bus routes. Brighton Beach Boardwalk, shopping, supermarkets, schools, medical offices, and dining establishments are also in the surrounding area. The property occupies 0.0544 acres in Kings County.
Key Highlights
- Three ground‑floor retail stores with four two‑bedroom apartments above
- 6,384 square feet on a 0.0544‑acre parcel
- Brick building constructed in 1926
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
$231,739
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
7.73%
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%
$4,634,780
$4.6M
Cap Rate 7%
$3,310,557
$3.3M
Cap Rate 9%
$2,574,878
$2.6M
Market Conditions
NOI Build-Up for 6,384 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
$421.3K $66.00/SF
− Vacancy
−$50.6K −$7.92/SF
EGI
$370.8K $58.08/SF
− OpEx
−$139.0K −$21.78/SF
NOI
$231.7K $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%
$4,634,780
Cap Rate 7%
$3,310,557
Cap Rate 9%
$2,574,878
Alternative Uses
Best Use
Retail
$4.37M
$3.83M – $5.10M
NOI $306,142 @ 7.0% cap · market cap 10.21%
Second Best
Mixed Use
$3.31M
$2.90M – $3.86M
NOI $231,739 @ 7.0% cap · market cap 7.73%
Theoretical Best
Specialty Retail
$5.29M
$4.63M – $6.17M
NOI $370,017 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,122
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Three ground-floor retail stores are paired with four two-bedroom apartments in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 1067 Brighton Beach Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Three ground‑floor retail stores with four two‑bedroom apartments above; 6,384 square feet on a 0.0544‑acre parcel; Brick building constructed in 1926
