Mixed-Use Income
113 Belmont Ave Brooklyn, NY 11212
New
For Sale
$1,199,000
Fully tenanted mixed-use building with two residential units and one commercial unit.
Property Size1,000 SF
Lot Size0.03 Acres
Price / SF$1,199
Days on Market4
Property Features for 113 Belmont Ave
General Information
- Standard status
- Active
- Size
- 1,000 SF
- Lot size
- 0.03 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing Agency:
Mottola Real Estate LLC
(347) 245-1850
Listed By:
Anthony Mottola
(347) 245-1850
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 12:00PM
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 Mottola Real Estate LLC
Investment Insights
Based on property information with market context.
This fully tenanted mixed-use property includes two residential units and one commercial unit configured as a store or office. The building is approximately 20' x 50', situated on a lot approximately 20' x 60'. Reported rent includes $5,000 per month for the commercial unit and $2,200 and $2,100 per month for the two residential units.
The property is located at 113 Belmont Ave, Brooklyn, NY 11212. Reported walkability and transit accessibility are very strong, with a walk score of 73 and a transit score of 84.
The mix is reported as 66% residential and 33% commercial, supporting qualification potential for either residential mortgages or commercial loans, as noted in the remarks.
The property is located at 113 Belmont Ave, Brooklyn, NY 11212. Reported walkability and transit accessibility are very strong, with a walk score of 73 and a transit score of 84.
The mix is reported as 66% residential and 33% commercial, supporting qualification potential for either residential mortgages or commercial loans, as noted in the remarks.
Key Highlights
- Mixed‑use building built in 1930 with 2 residential units and 1 commercial unit (store or office), fully tenanted.
- Commercial unit rent is $5,000/month; residential rents are $2,200/month (Unit 1) and $2,100/month (Unit 2).
- Building size is 20' x 50' on a 20' x 60' lot, with a 66% residential / 33% commercial mix.
Financial Insights For Specialty 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 | $84.0k | $84.00 |
| − Vacancy | −$6.7k | −$6.72 |
| EGI | $77.3k | $77.28 |
| − OpEx | −$19.3k | −$19.32 |
| NOI | $58.0k | $57.96 |
1,000 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$685.1K
$599.4K – $799.3K
NOI $47,955 @ 7.0% cap · market cap 4.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Moreno Mini Market
Grocery & Convenience Store
FAQs
What type of property is this?
Duplex - Fully tenanted mixed-use building with two residential units and one commercial unit.
Where is this duplex located?
The property is located at 113 Belmont Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Mixed‑use building built in 1930 with 2 residential units and 1 commercial unit (store or office), fully tenanted.; Commercial unit rent is $5,000/month; residential rents are $2,200/month (Unit 1) and $2,100/month (Unit 2).; Building size is 20' x 50' on a 20' x 60' lot, with a 66% residential / 33% commercial mix.
