Brick Mixed-Use
For Sale
$2,199,000
1425 Foster Avenue, Brooklyn, NY 11230
Vacant delivery combines ground-floor commercial space with an upper three-bedroom, two-bathroom configuration.
Property Size3,400 SF
Lot Size0.03 Acres
Price / SF$646.76
Days on Market33
Property Features for 1425 Foster Avenue
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,486
Building Details
Building Size
3,400 SF
Year Built
1933
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
American Fine Homes & Estates
(516) 934-0700
Listed By:
Zeeshan Basit · License #31BA1100818
Source:
Cornerstonemyhome
Added: Jul 28
Changed: Aug 29
Last Checked: Aug 25 at 9:13AM
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 American Fine Homes & Estates
Investment Insights
Based on property information with market context.
This multi-story brick property contains 3,400 interior square feet on a 1,310-square-foot lot, with commercial space at street level and a three-bedroom, two-bathroom upper configuration suited to residential or office use. A finished basement adds additional interior area. The building was constructed in 1933 and includes updated ductless heating and cooling heat pumps along with natural gas systems. The property will be delivered 100% vacant at closing and has no parking.
Located on Foster Avenue between Coney Island Avenue and East 15th Street, the building is less than 500 feet from the Newkirk Plaza B/Q subway station. Nearby neighborhood dining, shopping, and PS 217 further define the surrounding commercial and community setting.
Located on Foster Avenue between Coney Island Avenue and East 15th Street, the building is less than 500 feet from the Newkirk Plaza B/Q subway station. Nearby neighborhood dining, shopping, and PS 217 further define the surrounding commercial and community setting.
Key Highlights
- 3,400 interior square feet across multiple levels plus a finished basement
- 1,310‑square‑foot lot with multi‑story brick construction
- Ground‑floor commercial space with an upper 3‑bedroom, 2‑bathroom residential/office configuration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$163,046
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,260,920
$3.3M
Cap Rate 7%
$2,329,229
$2.3M
Cap Rate 9%
$1,811,622
$1.8M
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$264.4K $77.76/SF
− Vacancy
−$31.5K −$9.25/SF
EGI
$232.9K $68.51/SF
− OpEx
−$69.9K −$20.55/SF
NOI
$163.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,260,920
Cap Rate 7%
$2,329,229
Cap Rate 9%
$1,811,622
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 7.41%
Second Best
Mixed Use
$1.76M
$1.54M – $2.06M
NOI $123,420 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,994
Businesses Nearby
110k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Groceries 18%
Shops & Services 17%
Electronics 5%
McDonald's
Dining
25,733 visits/mo
0.3 miles
Chase Bank
Shops & Services
18,496 visits/mo
0.1 miles
Dunkin' Donuts
Dining
14,343 visits/mo
0.2 miles
C-Town Supermarkets
Groceries
10,793 visits/mo
0.1 miles
Dunkin' Donuts
Dining
10,690 visits/mo
0.4 miles
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant delivery combines ground-floor commercial space with an upper three-bedroom, two-bathroom configuration.
Where is this mixed-use property located?
The property is located at 1425 Foster Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 3,400 interior square feet across multiple levels plus a finished basement; 1,310‑square‑foot lot with multi‑story brick construction; Ground‑floor commercial space with an upper 3‑bedroom, 2‑bathroom residential/office configuration
