Renovated Mixed-Use
For Sale
$3,700,000
137 Nevins Street, Brooklyn, NY 11217
Two residential units sit above a ground-floor commercial space with live/work flexibility and updated interiors.
Property Size4,500 SF
Price / SF$822.22
Days on Market130
Property Features for 137 Nevins Street
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi Family
Additional Details
Floor
Ground Floor
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,506
Building Details
Building Size
4,500 SF
Year Built
1920
Buildings
1
Listing Agency:
R New York
Listed By:
Dosta Dedic · License #10401251825
(347) 860-0582
Source:
Miradorrealestate
Added: May 30
Changed: Oct 6
Last Checked: Oct 5 at 9:27PM
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 R New York
Investment Insights
Based on property information with market context.
This 4,500-square-foot mixed-use building combines a ground-floor commercial space with two renovated residential units. The apartments are configured with two bedrooms each and include in-unit washers and dryers, dishwashers, new appliances, and private outdoor features. One residence includes a balcony, while the other offers a terrace and skylight. The property was built in 1920 and has undergone a full renovation.
Located at 137 Nevins Street in Brooklyn, the building is positioned near Boerum Hill, Cobble Hill, Carroll Gardens, and Downtown Brooklyn. Atlantic Avenue, Atlantic Terminal, multiple subway lines, restaurants, cafes, boutiques, and other neighborhood businesses are identified in the surrounding context. The commercial component is suited to retail, office, wellness, gallery, cafe, or creative use, subject to applicable requirements.
Located at 137 Nevins Street in Brooklyn, the building is positioned near Boerum Hill, Cobble Hill, Carroll Gardens, and Downtown Brooklyn. Atlantic Avenue, Atlantic Terminal, multiple subway lines, restaurants, cafes, boutiques, and other neighborhood businesses are identified in the surrounding context. The commercial component is suited to retail, office, wellness, gallery, cafe, or creative use, subject to applicable requirements.
Key Highlights
- 4,500‑square‑foot mixed‑use building with ground‑floor commercial space
- Two renovated residential units, each with two bedrooms
- In‑unit washers and dryers, dishwashers, and new appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,796
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,315,920
$4.3M
Cap Rate 7%
$3,082,800
$3.1M
Cap Rate 9%
$2,397,733
$2.4M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$349.9K $77.76/SF
− Vacancy
−$41.6K −$9.25/SF
EGI
$308.3K $68.51/SF
− OpEx
−$92.5K −$20.55/SF
NOI
$215.8K $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 Rate 5%
$4,315,920
Cap Rate 7%
$3,082,800
Cap Rate 9%
$2,397,733
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 5.83%
Second Best
Mixed Use
$2.33M
$2.04M – $2.72M
NOI $163,350 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
10,099
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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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 - Two residential units sit above a ground-floor commercial space with live/work flexibility and updated interiors.
Where is this mixed-use property located?
The property is located at 137 Nevins Street 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: 4,500‑square‑foot mixed‑use building with ground‑floor commercial space; Two renovated residential units, each with two bedrooms; In‑unit washers and dryers, dishwashers, and new appliances
