Three-Story Mixed-Use
New
For Sale
$3,700,000
886 Franklin Avenue, Brooklyn, NY 11225
Mixed-use property combines loft-style apartments, private outdoor space, and a deep retail storefront with basement storage.
Property Size5,300 SF
Days on Market4
Property Features for 886 Franklin Avenue
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Mixed-Use
Occupancy
100%
Additional Details
Cap Rate
6.9%
Public Transit
Yes
Multifamily Units
4
Amenities
886 Franklin Avenue is a mixed-use asset in Crown Heights, Brooklyn, containing 5 units spanning 5,300 SF.
100% Free Market | Tax Class: 2A | Zoning: R8X, C2-4
886 Franklin Avenue is in close proximity to 2,3,4 & 5 Subway lines, including connectivity to the Franklin Avenue Shuttle, connecting to the B & Q at Prospect Park and the C at Fulton Street.
Building Details
Building Size
5,300 SF
Buildings
1
Stories
3
Units
5
Listing Agency:
New York City Office
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Aug 30
Changed: Aug 31
Last Checked: Sep 1 at 2:30PM
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 New York City Office
Investment Insights
Based on property information with market context.
This three-story mixed-use building contains four free-market apartments above a single retail space. The residential component includes two loft units on the upper floors, while each second-floor apartment provides private outdoor space. At street level, the commercial space extends 90 feet deep and is supported by a full basement.
The property is positioned along Franklin Avenue in Crown Heights, surrounded by restaurants, cafés, bars, and neighborhood retail. Prospect Park, the Brooklyn Botanic Garden, and the Brooklyn Museum are approximately a ten-minute walk away, with Medgar Evers College two blocks south. Transit is three blocks from the building, including the Franklin Avenue–Medgar Evers College express station serving the 2, 3, 4, and 5 lines. The Franklin Avenue Shuttle also provides connections to the B, Q, and C lines.
The property is positioned along Franklin Avenue in Crown Heights, surrounded by restaurants, cafés, bars, and neighborhood retail. Prospect Park, the Brooklyn Botanic Garden, and the Brooklyn Museum are approximately a ten-minute walk away, with Medgar Evers College two blocks south. Transit is three blocks from the building, including the Franklin Avenue–Medgar Evers College express station serving the 2, 3, 4, and 5 lines. The Franklin Avenue Shuttle also provides connections to the B, Q, and C lines.
Key Highlights
- Three‑story mixed‑use building with four free‑market apartments over one retail space
- Two upper‑floor apartments are configured as lofts
- Both second‑floor apartments include private outdoor space
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
$254,159
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
6.87%
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%
$5,083,180
$5.1M
Cap Rate 7%
$3,630,843
$3.6M
Cap Rate 9%
$2,823,989
$2.8M
Market Conditions
NOI Build-Up for 5,300 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
$412.1K $77.76/SF
− Vacancy
−$49.0K −$9.25/SF
EGI
$363.1K $68.51/SF
− OpEx
−$108.9K −$20.55/SF
NOI
$254.2K $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%
$5,083,180
Cap Rate 7%
$3,630,843
Cap Rate 9%
$2,823,989
Alternative Uses
Best Use
Retail
$3.63M
$3.18M – $4.24M
NOI $254,159 @ 7.0% cap · market cap 6.87%
Second Best
Mixed Use
$2.75M
$2.40M – $3.21M
NOI $192,390 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,188 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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 - Mixed-use property combines loft-style apartments, private outdoor space, and a deep retail storefront with basement storage.
Where is this mixed-use property located?
The property is located at 886 Franklin Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with four free‑market apartments over one retail space; Two upper‑floor apartments are configured as lofts; Both second‑floor apartments include private outdoor space
