Mixed-Use Building with Church
For Sale
$1,200,000
1128 Clarkson Avenue, Brooklyn, NY 11212
Two upstairs apartments include one two-bedroom unit and one one-bedroom unit.
Property Size2,680 SF
Price / SF$447.76
Days on Market132
Property Features for 1128 Clarkson Avenue
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Quadruplex
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Building Details
Building Size
2,680 SF
Year Built
1910
Listing Agency:
Realty Executives Powerhouse
Listed By:
Travis Jackson
(347) 489-8756
Source:
Poljanproperties
Added: Jun 24
Changed: Oct 31
Last Checked: Oct 31 at 3:00AM
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 Realty Executives Powerhouse
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Investment Insights
Based on property information with market context.
The building was constructed in 1910 and is arranged for religious and residential occupancy. A church uses the full first floor, with a finished basement providing additional church space. The second floor contains two apartments: a front two-bedroom unit and a rear one-bedroom unit.
Located in Brooklyn, the property combines dedicated church areas with two residential units in one building.
Located in Brooklyn, the property combines dedicated church areas with two residential units in one building.
Key Highlights
- Church occupies the entire first floor
- Finished basement provides additional church meeting and gathering space
- Two second‑floor apartments: front two‑bedroom and rear one‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,284
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,945,680
$1.9M
Cap Rate 7%
$1,389,771
$1.4M
Cap Rate 9%
$1,080,933
$1.1M
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$176.9K $66.00/SF
− Vacancy
−$21.2K −$7.92/SF
EGI
$155.7K $58.08/SF
− OpEx
−$58.4K −$21.78/SF
NOI
$97.3K $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%
$1,945,680
Cap Rate 7%
$1,389,771
Cap Rate 9%
$1,080,933
Alternative Uses
Best Use
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,284 @ 7.0% cap · market cap 8.11%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 12.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,133
Businesses Nearby
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Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upstairs apartments include one two-bedroom unit and one one-bedroom unit.
Where is this mixed-use property located?
The property is located at 1128 Clarkson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Church occupies the entire first floor; Finished basement provides additional church meeting and gathering space; Two second‑floor apartments: front two‑bedroom and rear one‑bedroom units
