Mixed-Use Building with
For Sale
$1,800,000
135 58th Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size4,750 SF
Lot Size0.06 Acres
Price / SF$378.95
Days on Market612
Property Features for 135 58th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M3-1
Subdivision
Sunset Park
Standard status
Active
Size
4,750 SF
Lot size
0.06 Acres
Building Details
Year built
2001
Floors in Building
3
Number of units
4
Flooring type
Tile, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Gus Ktistakis
(718) 368-2500
Added: Jan 13, 2025
Changed: Sep 5
Last Checked: Sep 17 at 11:06AM
MLS# 488546
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines a storefront, three offices, and a restaurant component within 4,750 square feet. The restaurant includes kitchen equipment and seating capacity exceeding 30. Interior finishes include tile and ceramic flooring, while the building features brick construction and a flat roof.
Built in 2001, the property is located at 135 58th Street in Brooklyn’s 11220 ZIP code, near Lutheran Hospital and Bush Terminal. M3-1 zoning is in place. The tenant is responsible for its own heating and air-conditioning utilities. The property is offered for sale.
Built in 2001, the property is located at 135 58th Street in Brooklyn’s 11220 ZIP code, near Lutheran Hospital and Bush Terminal. M3-1 zoning is in place. The tenant is responsible for its own heating and air-conditioning utilities. The property is offered for sale.
Key Highlights
- 4,750‑square‑foot mixed‑use building with storefront, restaurant, and 3 offices
- Fully equipped restaurant kitchen with 30+ seating capacity
- M3‑1 zoning
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
$150,266
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
8.35%
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%
$3,005,320
$3.0M
Cap Rate 7%
$2,146,657
$2.1M
Cap Rate 9%
$1,669,622
$1.7M
Market Conditions
NOI Build-Up for 4,750 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
$216.6K $45.60/SF
− Vacancy
−$16.2K −$3.42/SF
EGI
$200.4K $42.18/SF
− OpEx
−$50.1K −$10.55/SF
NOI
$150.3K $31.64/SF
Area
ZIP 11220
Vacancy
7.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,005,320
Cap Rate 7%
$2,146,657
Cap Rate 9%
$1,669,622
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.50M
NOI $150,266 @ 7.0% cap · market cap 8.35%
Second Best
Office B
$2.03M
$1.77M – $2.36M
NOI $141,845 @ 7.0% cap · market cap 7.88%
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,551 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
3,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes three offices, a fitted kitchen, and seating for more than 30.
Where is this mixed-use property located?
The property is located at 135 58th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 4,750‑square‑foot mixed‑use building with storefront, restaurant, and 3 offices; Fully equipped restaurant kitchen with 30+ seating capacity; M3‑1 zoning
