Mixed-Use Building For
For Sale
$1,150,000
Pending
1168 Glenmore Avenue, Brooklyn, NY 11208
Five-family building with a store, ideal for investors.
Property Size4,252 SF
Days on Market527
Property Features for 1168 Glenmore Avenue
General Information
Standard status
Pending
Size
4,252 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$12,000
Amenities
No, No, None
No, Square Feet, 20X68
No
Full, Unfinished, No
Colonial, Eat in Kitchen, Public
Eat-in Kitchen
Eat in Kitchen
Brick
Building Details
Year Built
1931
Listing Agency:
Omni Realty Corp
Listed By:
Nurul Huda
(718) 441-7000
Source:
Compass
Added: Apr 28, 2025
Changed: Sep 10
Last Checked: Oct 5 at 8:53PM
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 Omni Realty Corp
Investment Insights
Based on property information with market context.
This mixed-use property features a five-family building with an additional store. The property is presented as a potential investment opportunity.
Key Highlights
- Five Family with Store: Offers diverse income streams.
- Investment Opportunity: Positioned as a potentially profitable investment.
- Year Built: Constructed in 1931.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,188
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,760
$1.9M
Cap Rate 7%
$1,388,400
$1.4M
Cap Rate 9%
$1,079,867
$1.1M
Market Conditions
NOI Build-Up for 4,252 SF
Gross rent
$183.7K $43.20/SF
− Vacancy
−$7.0K −$1.64/SF
EGI
$176.7K $41.56/SF
− OpEx
−$79.5K −$18.70/SF
NOI
$97.2K $22.86/SF
Area
ZIP 11208
Vacancy
3.80%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,943,760
Cap Rate 7%
$1,388,400
Cap Rate 9%
$1,079,867
Alternative Uses
Best Use
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,188 @ 7.0% cap · market cap 8.45%
Second Best
Mixed Use
$1.26M
$1.10M – $1.47M
NOI $88,208 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,119 @ 7.0% cap · market cap 15.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,896
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-family building with a store, ideal for investors.
Where is this mixed-use property located?
The property is located at 1168 Glenmore Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Five Family with Store: Offers diverse income streams.; Investment Opportunity: Positioned as a potentially profitable investment.; Year Built: Constructed in 1931.
