Corner Mixed-Use
For Sale
Contact for pricing
1254 Broadway, Brooklyn, NY 11221
Four-story configuration combines residential units with a ground-floor deli.
Property Size6,000 SF
Price / SF$408.33
Days on Market51
Property Features for 1254 Broadway
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 4BR/2BA
Multifamily Units
3
Additional Details
Average Monthly Rent
$3,600
Amenities
in-unit washer/dryer
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Bijou Equities LLC
Listed By:
Fred Bijou · License #NY 10491211264
Source:
Crexi
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 1:07PM
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 Bijou Equities LLC
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Investment Insights
Based on property information with market context.
This four-story mixed-use building contains 6,000 SF with three full-floor residential apartments above a ground-floor deli. Each apartment offers four bedrooms, two bathrooms, and an in-unit washer/dryer. The deli operates under a long-term lease extending through 2034, with 33% expense reimbursements and 3% annual increases. The property is presented at an 8% cap rate.
The building occupies a corner along the Broadway retail corridor at Greene and Lexington Avenues in Brooklyn. J and Z train service is located at Kosciuszko Street and Gates Avenue. The residential units are currently leased below stated market rents, creating a documented rent-positioning opportunity as apartments turn over.
The building occupies a corner along the Broadway retail corridor at Greene and Lexington Avenues in Brooklyn. J and Z train service is located at Kosciuszko Street and Gates Avenue. The residential units are currently leased below stated market rents, creating a documented rent-positioning opportunity as apartments turn over.
Key Highlights
- 6,000 SF, four‑story mixed‑use building
- Three full‑floor apartments, each with 4 bedrooms and 2 bathrooms
- In‑unit washer/dryer in all three residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,800
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,356,000
$4.4M
Cap Rate 7%
$3,111,429
$3.1M
Cap Rate 9%
$2,420,000
$2.4M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$396.0K $66.00/SF
− Vacancy
−$47.5K −$7.92/SF
EGI
$348.5K $58.08/SF
− OpEx
−$130.7K −$21.78/SF
NOI
$217.8K $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%
$4,356,000
Cap Rate 7%
$3,111,429
Cap Rate 9%
$2,420,000
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 11.74%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,800 @ 7.0% cap · market cap 8.89%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 14.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,026
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - Four-story configuration combines residential units with a ground-floor deli.
Where is this mixed-use property located?
The property is located at 1254 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: 6,000 SF, four‑story mixed‑use building; Three full‑floor apartments, each with 4 bedrooms and 2 bathrooms; In‑unit washer/dryer in all three residential units
