Mixed-Use Corner Retail
For Sale
$2,199,999
Pending
1105 Nostrand Avenue, Brooklyn, NY 11225
Mixed-use corner property with storefront space, finished basement, and two apartments delivered vacant.
Property Size3,650 SF
Days on Market419
Property Features for 1105 Nostrand Avenue
General Information
Standard status
Pending
Size
3,650 SF
Total Parking Spaces
3
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Building Details
Building Size
3,650 SF
Tenancy
Multi
Listing Agency:
Reserved Realty LLC.
(212) 785-1100
Listed By:
Anne Marie Stanislaus
(212) 785-1100
Source:
Penrealty
Added: Jun 21, 2025
Changed: Aug 8
Last Checked: Aug 12 at 3:28PM
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 Reserved Realty LLC.
Investment Insights
Based on property information with market context.
This corner mixed-use property includes a two-family residence with an attached store, a finished basement, and (3) car garages. The store features very large windows and includes a half bath, and it is currently vacant. The finished basement has a separate entrance from Maple St and includes a half bath, with interior access to both the store and the apartments via stairs.
The apartments are currently configured as a 3-bedroom duplex and include formal dining, a full eat-in kitchen, and a separate workstation, along with a large living room with hardwood floors. The master bedroom includes a jacuzzi, a separate shower stall, two sinks, and large walk-in closets. The property is described as having substantial sunlight and cross ventilation.
The listing notes the property will be delivered totally vacant, with the Nostrand Ave side characterized as more commercial and the Maple St side characterized as more residential.
The apartments are currently configured as a 3-bedroom duplex and include formal dining, a full eat-in kitchen, and a separate workstation, along with a large living room with hardwood floors. The master bedroom includes a jacuzzi, a separate shower stall, two sinks, and large walk-in closets. The property is described as having substantial sunlight and cross ventilation.
The listing notes the property will be delivered totally vacant, with the Nostrand Ave side characterized as more commercial and the Maple St side characterized as more residential.
Key Highlights
- Mixed‑use corner property at Nostrand Ave and Maple St featuring a store, finished basement, and 2‑family setup
- Storefront space includes a 1/2 bath and large windows; currently vacant and delivered totally vacant
- Finished basement with separate entrance from Maple St, plus interior stairs connecting the basement, store, and apartments
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
$175,034
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
7.96%
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%
$3,500,680
$3.5M
Cap Rate 7%
$2,500,486
$2.5M
Cap Rate 9%
$1,944,822
$1.9M
Market Conditions
NOI Build-Up for 3,650 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
$283.8K $77.76/SF
− Vacancy
−$33.8K −$9.25/SF
EGI
$250.0K $68.51/SF
− OpEx
−$75.0K −$20.55/SF
NOI
$175.0K $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 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%
$3,500,680
Cap Rate 7%
$2,500,486
Cap Rate 9%
$1,944,822
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,034 @ 7.0% cap · market cap 7.96%
Second Best
Mixed Use
$1.89M
$1.66M – $2.21M
NOI $132,495 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$3.02M
$2.64M – $3.53M
NOI $211,554 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,522
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
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 - Mixed-use corner property with storefront space, finished basement, and two apartments delivered vacant.
Where is this mixed-use property located?
The property is located at 1105 Nostrand Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: Mixed‑use corner property at Nostrand Ave and Maple St featuring a store, finished basement, and 2‑family setup; Storefront space includes a 1/2 bath and large windows; currently vacant and delivered totally vacant; Finished basement with separate entrance from Maple St, plus interior stairs connecting the basement, store, and apartments
