Mixed-Use Convenience Store
For Sale
$1,199,000
113 Belmont Avenue, Brooklyn, NY 11212
Mixed-use building with a convenience store and two four-bedroom apartments, with the commercial lease in place through 2028.
Property Size3,000 SF
Days on Market203
Property Features for 113 Belmont Avenue
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,414
Amenities
Other
Full
Building Details
Building Size
3,000 SF
Year Built
1930
Listing Agency:
Mottola Real Estate LLC
Listed By:
Anthony Mottola
(347) 245-1850
Source:
Evrealestate
Added: Apr 11
Changed: Oct 25
Last Checked: Oct 28 at 8:49AM
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 Mottola Real Estate LLC
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Investment Insights
Based on property information with market context.
This mixed-use building includes a convenience store and two four-bedroom apartments. The convenience store is reported to generate $2,700, and the apartments are reported at $2,500 each on a currently discounted basis. The apartments are noted as having no active lease at this time, while the commercial lease is described as in good standing through 2028.
The property is located at 113 Belmont Ave in Brooklyn, NY 11212.
The property is located at 113 Belmont Ave in Brooklyn, NY 11212.
Key Highlights
- Mixed‑use building with a convenience store and two four‑bedroom apartments
- Convenience store rent of $2,700/month
- Apartment rent of $2,500/month (currently discounted); no active lease for the apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,900
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,178,000
$2.2M
Cap Rate 7%
$1,555,714
$1.6M
Cap Rate 9%
$1,210,000
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$198.0K $66.00/SF
− Vacancy
−$23.8K −$7.92/SF
EGI
$174.2K $58.08/SF
− OpEx
−$65.3K −$21.78/SF
NOI
$108.9K $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%
$2,178,000
Cap Rate 7%
$1,555,714
Cap Rate 9%
$1,210,000
Alternative Uses
Best Use
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 14.50%
Second Best
Retail
$2.06M
$1.80M – $2.40M
NOI $143,864 @ 7.0% cap · market cap 12.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,763
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with a convenience store and two four-bedroom apartments, with the commercial lease in place through 2028.
Where is this mixed-use property located?
The property is located at 113 Belmont Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Mixed‑use building with a convenience store and two four‑bedroom apartments; Convenience store rent of $2,700/month; Apartment rent of $2,500/month (currently discounted); no active lease for the apartments
