Mixed-Use Property with Two
For Sale
$2,580,000
8720 18th Avenue, Brooklyn, NY 11214
Two retail stores and two three-bedroom apartments occupy this mixed-use property near dining, shopping, and multiple transit options.
Property Size2,736 SF
Price / SF$942.98
Days on Market636
Property Features for 8720 18th Avenue
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Mixed Use
Net Operating Income
$123,800
Taxes and HOA fees
Annual Taxes
$38,000
Amenities
220 V
Hardwood, Tile
4
Finished, Full, Separate Entrance, Walk-in
Poured Concrete
Brick
Other
Yes
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(718) 680-2776
Source:
Compass
Added: Dec 6, 2024
Changed: Sep 2
Last Checked: Sep 2 at 12:11AM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This mixed-use property at 8720 18th Avenue includes two stores and two apartments within 2,736 square feet. Each apartment has three bedrooms and one bathroom, providing a consistent residential layout alongside the commercial storefronts. The building dates to 1950 and features brick construction, hardwood and tile finishes, 220 V service, and poured-concrete elements.
The property is surrounded by dining and shopping options and is served by the B8, B1, B64, and D train transit routes. Separate entrances and walk-in areas are among the listed interior features, supporting distinct access within the building.
The property is surrounded by dining and shopping options and is served by the B8, B1, B64, and D train transit routes. Separate entrances and walk-in areas are among the listed interior features, supporting distinct access within the building.
Key Highlights
- Mixed‑use building with 2 stores and 2 apartments
- 2,736 square feet of total property size
- Both apartments include 3 bedrooms and 1 bathroom
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
$74,624
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
2.89%
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%
$1,492,480
$1.5M
Cap Rate 7%
$1,066,057
$1.1M
Cap Rate 9%
$829,156
$829.2K
Market Conditions
NOI Build-Up for 2,736 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
$111.6K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.6K $38.96/SF
− OpEx
−$32.0K −$11.69/SF
NOI
$74.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,492,480
Cap Rate 7%
$1,066,057
Cap Rate 9%
$829,156
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.8K – $1.24M
NOI $74,624 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$955.4K
$836.0K – $1.11M
NOI $66,880 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,723 @ 7.0% cap · market cap 4.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two retail stores and two three-bedroom apartments occupy this mixed-use property near dining, shopping, and multiple transit options.
Where is this mixed-use property located?
The property is located at 8720 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,580,000.
What are key features of this property?
This property features: Mixed‑use building with 2 stores and 2 apartments; 2,736 square feet of total property size; Both apartments include 3 bedrooms and 1 bathroom
