Mixed-Use Building with
For Sale
$1,500,000
114 Avenue O, Brooklyn, NY 11204
Two residential apartments accompany a ground-floor commercial space with basement storage and one apartment available vacant.
Property Size2,560 SF
Price / SF$585.94
Days on Market315
Property Features for 114 Avenue O
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Mixed Use
Net Operating Income
$45,598
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,802
Amenities
110 V, Circuit Breakers
Hardwood
Other
3
Full, Semi-Finished
Poured Concrete
Brick
Building Details
Year Built
1931
Buildings
1
Tenancy
Multi
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #mjl6058
(718) 382-0001
Source:
Compass
Added: Dec 7, 2025
Changed: Oct 10
Last Checked: Oct 16 at 10:56AM
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 Momentum Real Estate LLC
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Investment Insights
Based on property information with market context.
This 2,560-square-foot mixed-use building combines a ground-floor commercial storefront with two residential apartments. The commercial space is operating as a mini market and includes a full, semi-finished basement that adds storage and functional area. Both apartments offer two bedrooms and one full bathroom, with hardwood finishes and one unit scheduled for vacant delivery.
Constructed in 1931, the property has brick exterior construction, circuit breakers, 110 V service, and poured concrete elements. The building is located at 114 Avenue O in Brooklyn’s Bensonhurst neighborhood, near shopping, dining, and transportation.
Constructed in 1931, the property has brick exterior construction, circuit breakers, 110 V service, and poured concrete elements. The building is located at 114 Avenue O in Brooklyn’s Bensonhurst neighborhood, near shopping, dining, and transportation.
Key Highlights
- 2,560‑square‑foot mixed‑use building with 2 residential units and 1 commercial storefront
- Ground‑floor mini market with full, semi‑finished basement
- Each apartment includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,764
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,455,280
$2.5M
Cap Rate 7%
$1,753,771
$1.8M
Cap Rate 9%
$1,364,044
$1.4M
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$199.1K $77.76/SF
− Vacancy
−$23.7K −$9.25/SF
EGI
$175.4K $68.51/SF
− OpEx
−$52.6K −$20.55/SF
NOI
$122.8K $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 Rate 5%
$2,455,280
Cap Rate 7%
$1,753,771
Cap Rate 9%
$1,364,044
Alternative Uses
Best Use
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,378 @ 7.0% cap · market cap 9.89%
Second Best
Retail
$1.75M
$1.53M – $2.05M
NOI $122,764 @ 7.0% cap · market cap 8.18%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,140
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments accompany a ground-floor commercial space with basement storage and one apartment available vacant.
Where is this mixed-use property located?
The property is located at 114 Avenue O Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,560‑square‑foot mixed‑use building with 2 residential units and 1 commercial storefront; Ground‑floor mini market with full, semi‑finished basement; Each apartment includes 2 bedrooms and 1 full bathroom
