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Fully Renovated Mixed-Use Building
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151 Tompkins Avenue, Brooklyn, NY 11206

Four-story mixed-use property with shared-living rooms and a first-floor bar/restaurant, recently gut-renovated with elevator.

Property Size5,600 SF
Lot Size0.03 Acres
Days on Market112

Property Features for 151 Tompkins Avenue

General Information

Standard status Active
Size 5,600 SF
Lot size 0.03 Acres
Property subtype Retail, Multifamily, Mixed Use

Amenities

elevator
shared kitchens
shared lounges
shared bathrooms
basement lounge
rooftop deck

Building Details

Stories 4
Listing Agency: Ariel Property Advisors
Listed By: Sean R. Kelly, Esq. · License #NY 10301203478
Source: Crexi
Added: Apr 23 Changed: Aug 8 Last Checked: Jul 23 at 5:46PM

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 Ariel Property Advisors

Investment Insights

Based on property information with market context.

151 Tompkins Avenue is a fully gut-renovated, four-story mixed-use building with an elevator. The property is configured as shared-living with 18 separate rooms distributed across the top three floors, supported by shared kitchens, lounges, and bathrooms. Common areas include three kitchens, three lounges, and an additional common lounge in the basement with multiple workspaces and lounge space, along with a rooftop deck designed for tenant gathering.

The building includes one retail unit on the first floor, occupied by a bar/restaurant. The property is situated on the southeast corner of Tompkins and Willoughby Avenues, with nearby transit including the Myrtle-Willoughby G train three blocks away and the Myrtle Avenue-Broadway JMZ train within a short walk to the east. Pratt Institute is also approximately a 15-minute walk from the property.

From a financial standpoint, the property is in the 2A tax class, which restricts increases in the tax bill.

Key Highlights

  • Fully gut‑renovated 4‑story elevator mixed‑use building at the southeast corner of Tompkins and Willoughby Avenues
  • 18 shared‑living rooms across the top 3 floors with 3 kitchens, 3 lounges, and 6 bathrooms
  • First‑floor retail unit is approximately 1,400 gross square feet and is occupied by a bar/restaurant

Property Analytics

Current Use

Sally’s Restaurant

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service Acupuncture Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,984
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story mixed-use property with shared-living rooms and a first-floor bar/restaurant, recently gut-renovated with elevator.
Where is this apartment building located?
The property is located at 151 Tompkins Avenue Brooklyn, NY.
What are key features of this property?
This property features: Fully gut‑renovated 4‑story elevator mixed‑use building at the southeast corner of Tompkins and Willoughby Avenues; 18 shared‑living rooms across the top 3 floors with 3 kitchens, 3 lounges, and 6 bathrooms; First‑floor retail unit is approximately 1,400 gross square feet and is occupied by a bar/restaurant
More about this property
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