Mixed-Use Three-Story
141 Tompkins Avenue Brooklyn, NY 11206
141 Tompkins Avenue, Brooklyn, NY, 11206
$1,650,000
For Sale
$1,650,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,451 SF
Lot Size0.04 Acres
Price / SF$673.19
Days on Market49
Property Features for 141 Tompkins Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 3, Bathroom 5, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 6, Bathroom 1, Bedroom 3
- Standard status
- Active
- Size
- 2,451 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5406
Building Details
- Floors in Building
- 3
- Building materials
- Brick
Listing agency
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
Listed by
Emma Barattini
(646) 838-1378
Added: Jun 3 Updated: Jul 16 at 10:19PM Checked: Jul 21 at 8:06AM
MLS# 11800302
Copyright © 2026 My State MLS. 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 three-story brick mixed-use building is currently configured as six residential units, with front and rear apartments. The legal use consists of two residential units and one commercial space. The property includes a large rear yard and an existing building footprint of approximately 2,451 square feet.
Located for convenient access to the J, M & Z trains and near the Myrtle Avenue retail corridor. The landlord currently pays all utilities, and delivery includes four of the six residential units vacant, with the remaining units operating on month-to-month terms.
Zoning is identified as R6A and C2-4 with an FAR of 1.41 as currently utilized. The listing notes approximately 2,767 square feet of additional buildable area and potential redevelopment options, including possible conversion to a legal four-unit building with ground-floor retail, and other configuration changes based on unused development rights (subject to architect review and approvals). Buyers should conduct their own due diligence regarding legal use, configuration, zoning, and future development potential.
Located for convenient access to the J, M & Z trains and near the Myrtle Avenue retail corridor. The landlord currently pays all utilities, and delivery includes four of the six residential units vacant, with the remaining units operating on month-to-month terms.
Zoning is identified as R6A and C2-4 with an FAR of 1.41 as currently utilized. The listing notes approximately 2,767 square feet of additional buildable area and potential redevelopment options, including possible conversion to a legal four-unit building with ground-floor retail, and other configuration changes based on unused development rights (subject to architect review and approvals). Buyers should conduct their own due diligence regarding legal use, configuration, zoning, and future development potential.
Key Highlights
- Three‑story brick mixed‑use building currently configured as six residential units plus front and rear apartments
- Legal use includes two residential units and one commercial space; R6A and C2‑4 zoning
- Approx. 2,451 SF existing building on a 1,740 SF lot (20.42' x 40' building; 20.42' x 85' lot)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $190.6k | $77.76 |
| − Vacancy | −$22.7k | −$9.25 |
| EGI | $167.9k | $68.51 |
| − OpEx | −$50.4k | −$20.55 |
| NOI | $117.5k | $47.95 |
2,451 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.96M
NOI $117,537 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$1.07M
$935.3K – $1.25M
NOI $74,826 @ 7.0% cap · market cap 4.53%
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,060 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Apartment building - Three-story brick mixed-use building with six residential units and ground-floor commercial space.
Where is this apartment building located?
The property is located at 141 Tompkins Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three‑story brick mixed‑use building currently configured as six residential units plus front and rear apartments; Legal use includes two residential units and one commercial space; R6A and C2‑4 zoning; Approx. 2,451 SF existing building on a 1,740 SF lot (20.42' x 40' building; 20.42' x 85' lot)
