Three-Building Mixed-Use
New
For Sale
$2,400,000
202 42nd St, Brooklyn, NY 11232
The property combines three two-bedroom apartments with two commercial spaces in a mixed-use configuration.
Property Size6,005 SF
Days on Market3
Property Features for 202 42nd St
General Information
Standard status
Active
Size
6,005 SF
Property subtype
Multifamily
Zoning
M1-2
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR
Multifamily Units
3
Amenities
• Proximity to Industry City
• Mostly Vacant Property
• 3 Buildings Located on A Busy Corner
• Fully Free Market
• M1-2 Zoning – Flexible Future Development Opportunity
Building Details
Building Size
6,005 SF
Buildings
3
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap | Manhattan
Listed By:
John Brennan · License #License(s): NY: 10301221743
(718) 475-4373
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 7 at 2:03PM
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 Marcus & Millichap | Manhattan
Investment Insights
Based on property information with market context.
This mixed-use portfolio comprises three two-story buildings with three two-bedroom apartments and two commercial spaces. The combined lot measures 49.34 feet wide by 100.17 feet deep, and the property is zoned M1-2.
The buildings occupy a corner at 42nd Street and 2nd Avenue in Brooklyn’s Sunset Park neighborhood. The 36th Street station, served by the N, R and D trains, is eight blocks away.
The buildings occupy a corner at 42nd Street and 2nd Avenue in Brooklyn’s Sunset Park neighborhood. The 36th Street station, served by the N, R and D trains, is eight blocks away.
Key Highlights
- Three two‑story buildings with three two‑bedroom apartments and two commercial spaces
- Combined lot dimensions: 49.34 feet wide by 100.17 feet deep
- Zoned M1‑2
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,982
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,359,640
$4.4M
Cap Rate 7%
$3,114,029
$3.1M
Cap Rate 9%
$2,422,022
$2.4M
Market Conditions
NOI Build-Up for 6,005 SF
Gross rent
$396.3K $66.00/SF
− Vacancy
−$47.6K −$7.92/SF
EGI
$348.8K $58.08/SF
− OpEx
−$130.8K −$21.78/SF
NOI
$218.0K $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 Rate 5%
$4,359,640
Cap Rate 7%
$3,114,029
Cap Rate 9%
$2,422,022
Alternative Uses
Best Use
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,982 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$2.62M
$2.29M – $3.06M
NOI $183,326 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $348,050 @ 7.0% cap · market cap 14.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
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 - The property combines three two-bedroom apartments with two commercial spaces in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 202 42nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three two‑story buildings with three two‑bedroom apartments and two commercial spaces; Combined lot dimensions: 49.34 feet wide by 100.17 feet deep; Zoned M1‑2
