For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mixed-Use Building Value-Add Potential Title is generated by Realmo AI

    191 Bond St, Brooklyn, NY

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Three-story mixed-use building with retail and residential units.

    Type:RETAIL
    Property size:
    3,220 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $900/SF
    Added:
    Apr 16, 2025
    Days on Market:
    425
    Last Refresh:
    May 19 at 10:56 pm

    Property Features for 191 Bond St

    General Information

    Standard status
    Active
    Size
    3,220 SF
    Lot size
    0.03 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 191 Bond St Contact us

    We can help!

    Listing Contact
    Alex Svetlakou

    Listing agent Alex Svetlakou License #NY 10401242416

    Listing office RIPCO Real Estate - Brooklyn

    Listing date Apr 16, 2025

    Source Moodyscre

    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 RIPCO Real Estate - Brooklyn

    HighLights

    • Prime corner location at Bond and Warren Street.
    • Mixed‑use building with retail space and two apartments.
    • Garage with curb cut on Bond Street.
    • Value‑add potential through unit renovations.
    • Close proximity to Atlantic Terminal/Barclays Center.
    • Convenient access to F and G trains at Bergen St.

    Overview

    This is a three-story, 3,220 GSF brick mixed-use building located on the corner of Bond and Warren Street. The property is configured with two free-market apartments situated above a ground floor retail space. A rear garage extension with a curb cut is accessible from Bond Street. The property offers considerable value-add potential as units are renovated and brought to market rate upon turnover. The Atlantic Terminal / Barclays Center are located 8 blocks away, and the F and G train at Bergen St is just 3 blocks away. The property is located in a market undergoing rapid transformation.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $250.4k $77.76
    − Vacancy −$29.8k −$9.25
    EGI $220.6k $68.51
    − OpEx −$66.2k −$20.55
    NOI $154.4k $47.95
    3,220 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.21M
    $1.93M – $2.57M (±1% cap)
    NOI $154,414 @ 7.0% cap · market cap 5.32%
    Second Best
    Mixed Use
    $1.67M
    $1.46M – $1.95M (±1% cap)
    NOI $116,886 @ 7.0% cap · market cap 4.03%
    Theoretical Best
    Specialty Retail
    $2.67M
    $2.33M – $3.11M (±1% cap)
    NOI $186,631 @ 7.0% cap · market cap 6.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.987
    Latitude
    40.6833

    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 191 Bond St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,900,000.
    What are key features of this property?
    This property features: Prime corner location at Bond and Warren Street.; Mixed‑use building with retail space and two apartments.; Garage with curb cut on Bond Street.
    (718) 233-6565 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message