Bath Beach Retail
For Sale
$999,000
Pending
2430 Stillwell Ave, Brooklyn, NY 11223
Versatile 1,360 sqft retail space near D train.
Property Size1,360 SF
Days on Market107
Property Features for 2430 Stillwell Ave
General Information
Standard status
Pending
Size
1,360 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,200
Building Details
Building Size
1,360 SF
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Source:
Elliman
Added: May 12
Changed: Aug 26
Last Checked: Aug 25 at 8:40AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This 1,360 sqft property is located in Bath Beach, Brooklyn, directly by the D train entrance. Currently configured for retail use, the property offers potential for investors, end users, developers, or business owners. The space is suitable for various uses, including restaurants, cafes, bars, convenience stores, salons, and pharmacies. Features include high ceilings, an open layout, and two bathrooms. Additional lower-level space is available for storage. The property also includes unused air rights for future expansion or redevelopment. It is conveniently situated near major commercial corridors and public transportation, including the B1, B4, and B64 buses, in addition to the D train. The zoning is R5 with commercial/retail potential. The location has a walk score of 83, indicating it is very walkable, a transit score of 88, indicating excellent transit options, and a bike score of 67, indicating it is bikeable.
Key Highlights
- Prime location directly by the D train entrance.
- Versatile 1,360 sqft space suitable for various commercial uses.
- High ceilings and open layout.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$65,218
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,304,360
$1.3M
Cap Rate 7%
$931,686
$931.7K
Cap Rate 9%
$724,644
$724.6K
Market Conditions
NOI Build-Up for 1,360 SF
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.
Gross rent
$105.8K $77.76/SF
− Vacancy
−$12.6K −$9.25/SF
EGI
$93.2K $68.51/SF
− OpEx
−$28.0K −$20.55/SF
NOI
$65.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,304,360
Cap Rate 7%
$931,686
Cap Rate 9%
$724,644
Alternative Uses
Best Use
Retail
$931.7K
$815.2K – $1.09M
NOI $65,218 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,866
Businesses Nearby
258k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 40%
Shops & Services 22%
Dining 18%
Groceries 13%
The Home Depot
Home Improvements & Furnishings
96,609 visits/mo
0.5 miles
Food Bazaar Supermarket
Groceries
29,874 visits/mo
0.3 miles
Starbucks
Dining
19,964 visits/mo
0.4 miles
Citgo
Shops & Services
17,956 visits/mo
0.3 miles
Sunoco
Shops & Services
15,934 visits/mo
0.5 miles
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile 1,360 sqft retail space near D train.
Where is this retail space located?
The property is located at 2430 Stillwell Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime location directly by the D train entrance.; Versatile 1,360 sqft space suitable for various commercial uses.; High ceilings and open layout.
