Mixed-Use Building with Finished
For Sale
$2,199,000
1425 Foster Avenue, Brooklyn, NY 11230
Ground-floor commercial space is paired with an upper-level residence and updated ductless heating and cooling.
Property Size3,400 SF
Lot Size0.03 Acres
Price / SF$646.76
Days on Market89
Property Features for 1425 Foster Avenue
General Information
Standard status
Active
Size
3,400 SF
Lot size
0.03 Acres
Property subtype
Commercial
Additional Details
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$6,486
Building Details
Building Size
3,400 SF
Year Built
1933
Construction
brick
Tenancy
Multi
Listing Agency:
American Fine Homes & Estates
(516) 934-0700
Listed By:
Zeeshan Basit · License #31BA1100818
(646) 400-0285
Source:
Croninreale
Added: Jul 28
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
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Investment Insights
Based on property information with market context.
This multi-level brick mixed-use building contains 3,400 square feet of interior space on a 1,310-square-foot lot, with a finished basement. The ground floor is configured for commercial use, while the upper level has three bedrooms and two bathrooms. Ductless heat pumps and natural gas systems serve the property. The building is expected to be vacant at closing.
The property is on Foster Avenue between Coney Island Avenue and East 15th Street in Ditmas Park. Newkirk Plaza’s B and Q subway station is less than 500 feet away. Neighborhood dining and local shops are nearby, as is PS 217.
The property is on Foster Avenue between Coney Island Avenue and East 15th Street in Ditmas Park. Newkirk Plaza’s B and Q subway station is less than 500 feet away. Neighborhood dining and local shops are nearby, as is PS 217.
Key Highlights
- 3,400 square feet of interior space on a 1,310‑square‑foot lot
- Ground‑floor commercial area with a three‑bedroom, two‑bathroom upper level
- Finished basement and multi‑level brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,046
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with an upper-level residence and updated ductless heating and cooling.
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 square feet of interior space on a 1,310‑square‑foot lot; Ground‑floor commercial area with a three‑bedroom, two‑bathroom upper level; Finished basement and multi‑level brick construction
