Three-Story Mixed-Use
For Sale
$1,550,000
141 Tompkins Avenue, Brooklyn, NY 11206
Residential Income, Brooklyn, NY
Property Size2,451 SF
Lot Size0.04 Acres
Price / SF$632.39
Days on Market125
Property Features for 141 Tompkins Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3, Bathroom 6, Bedroom 1, Bedroom 4, Bathroom 1
Subdivision
Bedford-Stuyvesant
View
Park
Standard status
Active
Size
2,451 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5406
Amenities
large rear yard
Building Details
Floors in Building
3
Building materials
Brick
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
Listed By:
Emma Barattini
(815) 252-4110
Added: Jun 3
Changed: Sep 15
Last Checked: Oct 5 at 5:06PM
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 contains approximately 2,451 SF and includes a large rear yard. The existing configuration comprises six residential units—five one-bedroom apartments and one studio—while the stated legal use is two residential units and one commercial space. Four residential units are vacant, and the remaining occupied units are month-to-month. The landlord currently pays all utilities.
The property is located near the Myrtle Avenue retail corridor with access to the J, M, and Z trains. R6A and C2-4 zoning applies, with 1.41 FAR currently utilized. Approximately 2,767 SF of additional buildable area is identified, and the property may support redevelopment for up to nine residential units, subject to architect review, approvals, and buyer due diligence.
Additional physical details include a 20.42' x 40' building footprint, a 20.42' x 85' lot, and a 1,740 SF lot size.
The property is located near the Myrtle Avenue retail corridor with access to the J, M, and Z trains. R6A and C2-4 zoning applies, with 1.41 FAR currently utilized. Approximately 2,767 SF of additional buildable area is identified, and the property may support redevelopment for up to nine residential units, subject to architect review, approvals, and buyer due diligence.
Additional physical details include a 20.42' x 40' building footprint, a 20.42' x 85' lot, and a 1,740 SF lot size.
Key Highlights
- Approximately 2,451 SF three‑story brick mixed‑use building
- Six residential units: five one‑bedroom apartments and one studio
- Legal use includes two residential units and one commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,971
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,779,420
$1.8M
Cap Rate 7%
$1,271,014
$1.3M
Cap Rate 9%
$988,567
$988.6K
Market Conditions
NOI Build-Up for 2,451 SF
Gross rent
$161.8K $66.00/SF
− Vacancy
−$19.4K −$7.92/SF
EGI
$142.4K $58.08/SF
− OpEx
−$53.4K −$21.78/SF
NOI
$89.0K $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%
$1,779,420
Cap Rate 7%
$1,271,014
Cap Rate 9%
$988,567
Alternative Uses
Best Use
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,971 @ 7.0% cap · market cap 5.74%
Second Best
Apartment 5plus
$1.07M
$935.3K – $1.25M
NOI $74,826 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$2.03M
$1.78M – $2.37M
NOI $142,060 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
33.3%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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 - Brick construction with a rear yard and residential-commercial configuration in Brooklyn’s Bed-Stuy area.
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 $1,550,000.
What are key features of this property?
This property features: Approximately 2,451 SF three‑story brick mixed‑use building; Six residential units: five one‑bedroom apartments and one studio; Legal use includes two residential units and one commercial space
