Mixed-Use Building with
158 Newton Street Entire building, Brooklyn, NY 11222
For Sale
New
$6,500,000
The 2019 property combines free-market apartments with ground-floor commercial spaces.
Property Size6,521 SF
Price / SF$996.78
Days on Market6
Property Features for 158 Newton Street Entire building
General Information
Standard status
Size
Property subtype
Site & Location
Public Transit
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
rooftop areas
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
ENGEL & VOLKERS BROWNSTONE BROOKLYN
Listed By:
Frank Tamayo
(917) 331-9591
Source:
Nilelundgren
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:16PM
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 ENGEL & VOLKERS BROWNSTONE BROOKLYN
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Investment Insights
Based on property information with market context.
At 158 Newton Street in Brooklyn, this three-story building contains approximately 6,521 square feet. Completed in 2019, it has six free-market apartments and two commercial storefronts. The apartment mix includes four two-bedroom units, one one-bedroom unit with private outdoor space, and a studio. Residences feature contemporary kitchens with granite countertops, stainless steel appliances, oversized windows, and Mitsubishi split-system heating and cooling. Some apartments have private outdoor areas, and rooftop spaces offer city views.
The commercial spaces occupy the ground floor. The property is near restaurants, cafes, boutiques, and neighborhood attractions in the Greenpoint and Williamsburg corridor, with access to the Nassau Avenue G train and Graham Avenue L train.
The property has a projected capitalization rate of 5.42%. NYC records indicate approximately 2,523 square feet of additional buildable FAR, subject to verification and zoning approvals.
The commercial spaces occupy the ground floor. The property is near restaurants, cafes, boutiques, and neighborhood attractions in the Greenpoint and Williamsburg corridor, with access to the Nassau Avenue G train and Graham Avenue L train.
The property has a projected capitalization rate of 5.42%. NYC records indicate approximately 2,523 square feet of additional buildable FAR, subject to verification and zoning approvals.
Key Highlights
- 2019 construction with three stories and approximately 6,521 square feet
- Eight total units: six free‑market apartments and two ground‑floor commercial storefronts
- Apartment mix: four two‑bedroom units, one one‑bedroom unit, and one studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$312,712
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,254,240
$6.3M
Cap Rate 7%
$4,467,314
$4.5M
Cap Rate 9%
$3,474,578
$3.5M
Market Conditions
NOI Build-Up for 6,521 SF
Gross rent
$507.1K $77.76/SF
− Vacancy
−$60.3K −$9.25/SF
EGI
$446.7K $68.51/SF
− OpEx
−$134.0K −$20.55/SF
NOI
$312.7K $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%
$6,254,240
Cap Rate 7%
$4,467,314
Cap Rate 9%
$3,474,578
Alternative Uses
Best Use
Retail
$4.47M
$3.91M – $5.21M
NOI $312,712 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$3.38M
$2.96M – $3.95M
NOI $236,712 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$5.40M
$4.72M – $6.30M
NOI $377,957 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,351
Businesses Nearby
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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
$1,245,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 2019 property combines free-market apartments with ground-floor commercial spaces.
Where is this mixed-use property located?
The property is located at 158 Newton Street Entire building Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 2019 construction with three stories and approximately 6,521 square feet; Eight total units: six free‑market apartments and two ground‑floor commercial storefronts; Apartment mix: four two‑bedroom units, one one‑bedroom unit, and one studio
