Corner Mixed-Use
For Sale
Contact for pricing
161 Java Street, Brooklyn, NY 11222
Mostly vacant corner property with R7A and C2-4 zoning in Brooklyn’s Greenpoint area.
Property Size11,500 SF
Price / SF$634.78
Days on Market15
Property Features for 161 Java Street
General Information
Standard status
Active
Size
11,500 SF
Property subtype
Retail, Mixed Use
Zoning
R7A, C2-4
Investment Type
Redevelopment
Additional Details
Corner Location
Yes
Building Details
Buildings
1
Stories
5
Units
10
Tenancy
Multi
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Benjamin Vago · License #NY
Source:
Crexi
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 12 at 8:09AM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
Located at 161 Java Street in Brooklyn, this mixed-use corner building contains approximately 11,500 square feet and is mostly vacant. The property carries R7A and C2-4 zoning, providing the recorded land-use framework for the site.
The building is positioned in Greenpoint, with its corner configuration and mixed-use classification defining the asset. Its address is 161 Java Street, Brooklyn, NY 11222.
The building is positioned in Greenpoint, with its corner configuration and mixed-use classification defining the asset. Its address is 161 Java Street, Brooklyn, NY 11222.
Key Highlights
- Approximately 11,500 square feet of mixed‑use building area
- Mostly vacant corner building
- R7A and C2‑4 zoning
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
$551,478
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
7.55%
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%
$11,029,560
$11.0M
Cap Rate 7%
$7,878,257
$7.9M
Cap Rate 9%
$6,127,533
$6.1M
Market Conditions
NOI Build-Up for 11,500 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
$894.2K $77.76/SF
− Vacancy
−$106.4K −$9.25/SF
EGI
$787.8K $68.51/SF
− OpEx
−$236.3K −$20.55/SF
NOI
$551.5K $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%
$11,029,560
Cap Rate 7%
$7,878,257
Cap Rate 9%
$6,127,533
Alternative Uses
Best Use
Retail
$7.88M
$6.89M – $9.19M
NOI $551,478 @ 7.0% cap · market cap 7.55%
Second Best
Mixed Use
$5.96M
$5.22M – $6.96M
NOI $417,450 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$9.52M
$8.33M – $11.11M
NOI $666,540 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,887
Businesses Nearby
147k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Groceries 31%
Dining 26%
Electronics 4%
McDonald's
Dining
23,761 visits/mo
0.1 miles
Key Food
Groceries
23,341 visits/mo
0.2 miles
BP
Shops & Services
20,819 visits/mo
0.1 miles
Associated Supermarkets
Groceries
13,420 visits/mo
0.2 miles
TD Bank
Shops & Services
10,699 visits/mo
0.3 miles
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
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 - Mostly vacant corner property with R7A and C2-4 zoning in Brooklyn’s Greenpoint area.
Where is this mixed-use property located?
The property is located at 161 Java Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,300,000.
What are key features of this property?
This property features: Approximately 11,500 square feet of mixed‑use building area; Mostly vacant corner building; R7A and C2‑4 zoning
