Two-Story Mixed-Use
For Sale
$1,250,000
1109 Rutland Road, Brooklyn, NY 11212
The property pairs a ground-floor storefront with a three-bedroom apartment and a commercial tenant under a triple-net lease.
Property Size2,700 SF
Price / SF$462.96
Days on Market11
Property Features for 1109 Rutland Road
General Information
Standard status
Active
Size
2,700 SF
Zoning
C8-2
Additional Details
Mixed-Use Components
retail, residential
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,142
Amenities
2
No
Public
2700
Building Details
Building Size
2,700 SF
Year Built
1931
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 1:57AM
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 Louis LaDonna
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Investment Insights
Based on property information with market context.
This 2,700-square-foot, two-story mixed-use building was constructed in 1931. Its layout includes a ground-floor commercial storefront and a three-bedroom apartment. The commercial space is occupied under a triple-net lease, and the property is zoned C8-2.
The building is on Rutland Road in Brooklyn, near the Sutter Avenue–Rutland Road subway station, served by the 3 train.
The building is on Rutland Road in Brooklyn, near the Sutter Avenue–Rutland Road subway station, served by the 3 train.
Key Highlights
- 2,700‑square‑foot mixed‑use building with two stories
- Ground‑floor commercial storefront and one three‑bedroom apartment
- Commercial space occupied under a triple‑net lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,010
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,960,200
$2.0M
Cap Rate 7%
$1,400,143
$1.4M
Cap Rate 9%
$1,089,000
$1.1M
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$178.2K $66.00/SF
− Vacancy
−$21.4K −$7.92/SF
EGI
$156.8K $58.08/SF
− OpEx
−$58.8K −$21.78/SF
NOI
$98.0K $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%
$1,960,200
Cap Rate 7%
$1,400,143
Cap Rate 9%
$1,089,000
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,477 @ 7.0% cap · market cap 10.36%
Second Best
Mixed Use
$1.40M
$1.23M – $1.63M
NOI $98,010 @ 7.0% cap · market cap 7.84%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
268k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 31%
Groceries 20%
Electronics 1%
Food Bazaar Supermarket
Groceries
26,934 visits/mo
0.5 miles
Wendy's
Dining
22,854 visits/mo
0.4 miles
Dollar Tree
Shops & Services
20,615 visits/mo
0.3 miles
Shell
Shops & Services
19,041 visits/mo
0.3 miles
BP
Shops & Services
17,847 visits/mo
0.5 miles
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs a ground-floor storefront with a three-bedroom apartment and a commercial tenant under a triple-net lease.
Where is this mixed-use property located?
The property is located at 1109 Rutland Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,700‑square‑foot mixed‑use building with two stories; Ground‑floor commercial storefront and one three‑bedroom apartment; Commercial space occupied under a triple‑net lease
