Mixed-Use Three-Story
141 Tompkins Avenue, Brooklyn, NY 11206
MULTI_FAMILY - Brooklyn, NY
Property size:
2,451 SFLot size:
0.04 AcresPrice / SF:
$673/SF- Added:
- Jun 3, 2026
- Days on Market:
- 30
- Last Refresh:
- Jul 2 at 10:06 pm
Property Features for 141 Tompkins Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 6, Bathroom 6, Bedroom 3, Bathroom 5, Bathroom 1, Bedroom 2
- 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 agent Emma Barattini (646) 838-1378
Listing office EVERGREEN REALTY & INVESTMENTS 5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY (646) 838-1378
Listing date Jun 3, 2026
MLS# 11800302
Listing URL
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.
HighLights
- Three‑story brick mixed‑use building currently configured as 6 residential units (front and rear apartments) plus commercial space
- Legal use consists of 2 residential units and 1 commercial space; potential conversion to a legal 4‑unit building with ground‑floor retail
- R6A, C2‑4 zoning with 1.41 FAR currently utilized and approx. 2,767 SF of additional buildable area available
- Approx. 2,451 SF existing building on a 1,740 SF lot; dimensions 20.42' x 40' building and 20.42' x 85' lot
- Delivered with 4 of 6 residential units vacant; remaining units are month‑to‑month
- Landlord pays all utilities; includes a large rear yard
Overview
This three-story brick mixed-use building is currently configured as six residential units, including front and rear apartments. The property’s legal use is described as two residential units and one commercial space. As delivered, four of the six residential units are vacant, while the remaining occupied units are on month-to-month terms. The building contains five one-bedroom apartments and one studio apartment, and it also features a large rear yard. The existing building area is approximately 2,451 square feet, with a stated building dimension of 20.42' x 40' and a lot dimension of 20.42' x 85' (1,740 square feet). The site is described as having approximately 2,767 square feet of additional buildable area available, subject to architect review and approvals.
Zoning information provided includes R6A and C2-4, with an indicated FAR of 1.41 currently utilized. The listing describes a potential redevelopment pathway that may allow additional residential units, including the possibility of converting to a legal four-unit building with ground-floor retail. The landlord pays all utilities. The property is positioned for convenient access to the J, M & Z trains and is close to the Myrtle Avenue retail corridor.
For buyers, this offering is positioned as an owner-user, value-add, or redevelopment opportunity based on the described vacancy profile and available development area. Prospective buyers should conduct due diligence regarding legal use, configuration, zoning constraints, and any future development approvals, including air rights and architect sign-off.
Zoning information provided includes R6A and C2-4, with an indicated FAR of 1.41 currently utilized. The listing describes a potential redevelopment pathway that may allow additional residential units, including the possibility of converting to a legal four-unit building with ground-floor retail. The landlord pays all utilities. The property is positioned for convenient access to the J, M & Z trains and is close to the Myrtle Avenue retail corridor.
For buyers, this offering is positioned as an owner-user, value-add, or redevelopment opportunity based on the described vacancy profile and available development area. Prospective buyers should conduct due diligence regarding legal use, configuration, zoning constraints, and any future development approvals, including air rights and architect sign-off.
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
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,971 @ 7.0% cap · market cap 5.39%
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 Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.945894
- Latitude
- 40.694591
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use property with six residential units and ground-floor commercial space, plus redevelopment capacity subject to approvals.
Where is this mixed-use property 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 6 residential units (front and rear apartments) plus commercial space; Legal use consists of 2 residential units and 1 commercial space; potential conversion to a legal 4‑unit building with ground‑floor retail; R6A, C2‑4 zoning with 1.41 FAR currently utilized and approx. 2,767 SF of additional buildable area available
