Four-Story Mixed-Use Corner
For Sale
Contact for pricing
1321 Avenue J, Brooklyn, NY 11230
Four levels combine residential units with street-facing commercial space at the intersection of Avenue J and East 14th Street.
Property Size7,770 SF
Price / SF$514.80
Days on Market8
Property Features for 1321 Avenue J
General Information
Standard status
Active
Size
7,770 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Building Details
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Alpha Realty NY
Listed By:
Lev Mavashev · License #NY 10351208812
Source:
Crexi
Added: Sep 16
Changed: Sep 18
Last Checked: Sep 22 at 4:34PM
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 Alpha Realty NY
Investment Insights
Based on property information with market context.
This four-story mixed-use property contains 7,770 SF arranged with six apartments and five commercial storefronts. The combination of residential and commercial components creates a diversified building configuration within a single asset.
The property occupies the corner of Avenue J and East 14th Street in Brooklyn, NY 11230. Its storefront component addresses the surrounding commercial district, while the upper-level residential units add a separate residential element to the building. The layout offers both apartment and commercial occupancy within one established urban property.
The property occupies the corner of Avenue J and East 14th Street in Brooklyn, NY 11230. Its storefront component addresses the surrounding commercial district, while the upper-level residential units add a separate residential element to the building. The layout offers both apartment and commercial occupancy within one established urban property.
Key Highlights
- 7,770 SF mixed‑use building
- Six apartments and five commercial storefronts
- Four‑story building configuration
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
$282,051
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
7.05%
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%
$5,641,020
$5.6M
Cap Rate 7%
$4,029,300
$4.0M
Cap Rate 9%
$3,133,900
$3.1M
Market Conditions
NOI Build-Up for 7,770 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
$512.8K $66.00/SF
− Vacancy
−$61.5K −$7.92/SF
EGI
$451.3K $58.08/SF
− OpEx
−$169.2K −$21.78/SF
NOI
$282.1K $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 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%
$5,641,020
Cap Rate 7%
$4,029,300
Cap Rate 9%
$3,133,900
Alternative Uses
Best Use
Retail
$5.32M
$4.66M – $6.21M
NOI $372,607 @ 7.0% cap · market cap 9.32%
Second Best
Mixed Use
$4.03M
$3.53M – $4.70M
NOI $282,051 @ 7.0% cap · market cap 7.05%
Theoretical Best
Specialty Retail
$6.43M
$5.63M – $7.51M
NOI $450,349 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four levels combine residential units with street-facing commercial space at the intersection of Avenue J and East 14th Street.
Where is this mixed-use property located?
The property is located at 1321 Avenue J Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 7,770 SF mixed‑use building; Six apartments and five commercial storefronts; Four‑story building configuration
