Mixed-Use Two-Family with
1071 39th Street Brooklyn, NY 11219
For Sale
$2,000,000
Mixed-use building with ground-floor retail, separate basement access, and two upper-floor four-bedroom residences.
Property Size3,000 SF
Price / SF$666.67
Days on Market24
Property Features for 1071 39th Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Xi Xian (Johnny) Pan · License #xxp4124
(718) 210-2727
Source:
Compass
Added: Jun 30
Changed: Jul 22
Last Checked: Jul 23 at 10:39AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This mixed-use building includes a first-floor retail store with a fully finished basement. The basement has a separate entrance from the front of the building and provides access to the backyard. The second and third floors each contain a four-bedroom family layout.
The property is located on 39th Street in Borough Park, Brooklyn, with proximity to the D train and the B35 bus.
The configuration provides both retail and residential income components within a single structure.
The property is located on 39th Street in Borough Park, Brooklyn, with proximity to the D train and the B35 bus.
The configuration provides both retail and residential income components within a single structure.
Key Highlights
- Two‑family, mixed‑use building with 3 total units: ground‑floor retail plus 2 upper‑floor residences
- Ground‑floor retail store includes a finished full basement with a separate entrance and access to the backyard
- Second and third floors each feature a four‑bedroom family layout
Financial Insights For Multifamily LT 5
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 | $129.6k | $43.20 |
| − Vacancy | −$5.8k | −$1.94 |
| EGI | $123.8k | $41.26 |
| − OpEx | −$37.1k | −$12.38 |
| NOI | $86.6k | $28.88 |
3,000 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,638 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.11M
$972.1K – $1.30M
NOI $77,770 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,138 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aileen La H ...
Clothing Store
FAQs
What type of property is this?
Duplex - Mixed-use building with ground-floor retail, separate basement access, and two upper-floor four-bedroom residences.
Where is this duplex located?
The property is located at 1071 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two‑family, mixed‑use building with 3 total units: ground‑floor retail plus 2 upper‑floor residences; Ground‑floor retail store includes a finished full basement with a separate entrance and access to the backyard; Second and third floors each feature a four‑bedroom family layout
