Mixed-Use Residential Income Building with
For Sale
$1,950,000
146 Diamond Street, Brooklyn, NY 11222
Boutique mixed-use residential income building with rooftop access at 146 Diamond Street, currently featuring vacancy.
Property Size5,768 SF
Price / SF$338.07
Days on Market58
Property Features for 146 Diamond Street
General Information
Standard status
Active
Size
5,768 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$86,868
Amenities
rooftop
Building Details
Building Size
5,768 SF
Year Built
1920
Listing Agency:
Compass
Listed By:
Nathan M Horne · License #10301210236
(706) 255-5657
Source:
Howardhannanyc
Added: Jul 21
Changed: Sep 11
Last Checked: Sep 15 at 9:09AM
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 Compass
Investment Insights
Based on property information with market context.
146 Diamond Street, Brooklyn, NY 11222 presents a boutique mixed-use residential income building with rooftop access. The property is currently noted as having vacancy, creating an opportunity to stabilize occupancy.
The building’s mixed-use configuration supports tenanting flexibility within a residential income framework, and the rooftop feature adds an additional amenity space for residents or occupants.
With a property size of 5,768 SF, this asset is positioned for buyers seeking a residential income building with a rooftop component and in-place vacancy to address through leasing and operations.
The building’s mixed-use configuration supports tenanting flexibility within a residential income framework, and the rooftop feature adds an additional amenity space for residents or occupants.
With a property size of 5,768 SF, this asset is positioned for buyers seeking a residential income building with a rooftop component and in-place vacancy to address through leasing and operations.
Key Highlights
- 146 Diamond Street, Brooklyn, NY 11222
- Mixed‑use residential income building with rooftop feature
- Property currently has vacancy
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
$176,091
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
9.03%
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%
$3,521,820
$3.5M
Cap Rate 7%
$2,515,586
$2.5M
Cap Rate 9%
$1,956,567
$2.0M
Market Conditions
NOI Build-Up for 5,768 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
$326.7K $56.64/SF
− Vacancy
−$6.5K −$1.13/SF
EGI
$320.2K $55.51/SF
− OpEx
−$144.1K −$24.98/SF
NOI
$176.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$3,521,820
Cap Rate 7%
$2,515,586
Cap Rate 9%
$1,956,567
Alternative Uses
Best Use
Apartment 5plus
$2.52M
$2.20M – $2.93M
NOI $176,091 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.78M
$4.18M – $5.57M
NOI $334,313 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Boutique mixed-use residential income building with rooftop access at 146 Diamond Street, currently featuring vacancy.
Where is this residential income property located?
The property is located at 146 Diamond Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 146 Diamond Street, Brooklyn, NY 11222; Mixed‑use residential income building with rooftop feature; Property currently has vacancy
