Brooklyn Mixed-Use Investment
For Sale
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1119 Broadway, Brooklyn, NY 11221
14-unit mixed-use assembly with $409,846 NOI in Brooklyn.
Property Size11,655 SF
Price / SF$600.60
Days on Market246
Property Features for 1119 Broadway
General Information
Standard status
Active
Size
11,655 SF
Class
B
Property subtype
Mixed Use, Multifamily, Retail
Zoning
R6, C2-3
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$409,846
Building Details
Buildings
2
Stories
6
Units
14
Listing Agency:
Capline Consolidated
Listed By:
Robert Shiryak · License #NY10491213394
(347) 908-7623
Source:
Crexi
Added: Feb 2
Changed: Oct 2
Last Checked: Oct 5 at 3:48PM
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 Capline Consolidated
Investment Insights
Based on property information with market context.
This mixed-use assembly located at 1119 & 1121 Broadway, Brooklyn, features a total of 14 units and generates an immediate net operating income of $409,846.76. The property consists of 1119 Broadway, which includes 10 residential apartments and 1 retail storefront, and 1121 Broadway, which includes 2 residential apartments and 1 retail storefront. The building at 1119 Broadway is elevator-serviced. The total property size is 11655 square feet. This property offers a combination of scale, stabilized residential income, and commercial frontage.
Key Highlights
- Immediate $409,846.76 NOI
- Contiguous 14‑unit mixed‑use assembly
- Stabilized residential income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$423,077
Cap Rate
6.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,461,540
$8.5M
Cap Rate 7%
$6,043,957
$6.0M
Cap Rate 9%
$4,700,856
$4.7M
Market Conditions
NOI Build-Up for 11,655 SF
Gross rent
$769.2K $66.00/SF
− Vacancy
−$92.3K −$7.92/SF
EGI
$676.9K $58.08/SF
− OpEx
−$253.8K −$21.78/SF
NOI
$423.1K $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%
$8,461,540
Cap Rate 7%
$6,043,957
Cap Rate 9%
$4,700,856
Alternative Uses
Best Use
Mixed Use
$6.04M
$5.29M – $7.05M
NOI $423,077 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$5.08M
$4.45M – $5.93M
NOI $355,815 @ 7.0% cap · market cap 5.08%
Theoretical Best
Specialty Retail
$9.65M
$8.44M – $11.26M
NOI $675,524 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 14-unit mixed-use assembly with $409,846 NOI in Brooklyn.
Where is this mixed-use property located?
The property is located at 1119 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Immediate $409,846.76 NOI; Contiguous 14‑unit mixed‑use assembly; Stabilized residential income
