R6 Mixed-Use
For Sale
Contact for pricing
1234 Saint Johns Place, Brooklyn, NY 11213
Mixed-use property in Crown Heights near several subway stations serving the 3, 4, and C trains.
Property Size10,560 SF
Price / SF$724.43
Days on Market175
Property Features for 1234 Saint Johns Place
General Information
Standard status
Active
Size
10,560 SF
Property subtype
Mixed Use, Land
Zoning
R6
Investment Type
Redevelopment
Building Details
Stories
2
Tenancy
Single
Listing Agency:
Ariel Property Advisors
Listed By:
Nicole Daniggelis · License #NY 10401313127
(212) 544-9500
Source:
Crexi
Added: Apr 29
Changed: Oct 4
Last Checked: Oct 19 at 6:36AM
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 Ariel Property Advisors
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Investment Insights
Based on property information with market context.
This R6-zoned mixed-use property encompasses 10,560 in stated property size and is located at 1234 Saint Johns Place in Brooklyn. The asset is positioned in Crown Heights, between Troy and Albany Avenues.
Multiple subway stations are within walking distance, including Crown Heights–Utica Avenue for the 3 and 4 trains, Kingston Avenue for the 3 train, and Kingston–Throop Avenues for the C train. The transit access provides direct connections to several Brooklyn subway services.
Multiple subway stations are within walking distance, including Crown Heights–Utica Avenue for the 3 and 4 trains, Kingston Avenue for the 3 train, and Kingston–Throop Avenues for the C train. The transit access provides direct connections to several Brooklyn subway services.
Key Highlights
- R6 zoning
- 10,560 property size
- Located in Crown Heights, Brooklyn
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$383,328
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,666,560
$7.7M
Cap Rate 7%
$5,476,114
$5.5M
Cap Rate 9%
$4,259,200
$4.3M
Market Conditions
NOI Build-Up for 10,560 SF
Gross rent
$697.0K $66.00/SF
− Vacancy
−$83.6K −$7.92/SF
EGI
$613.3K $58.08/SF
− OpEx
−$230.0K −$21.78/SF
NOI
$383.3K $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%
$7,666,560
Cap Rate 7%
$5,476,114
Cap Rate 9%
$4,259,200
Alternative Uses
Best Use
Mixed Use
$5.48M
$4.79M – $6.39M
NOI $383,328 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.74M
$7.65M – $10.20M
NOI $612,058 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Crown Heights near several subway stations serving the 3, 4, and C trains.
Where is this mixed-use property located?
The property is located at 1234 Saint Johns Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: R6 zoning; 10,560 property size; Located in Crown Heights, Brooklyn
