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Mixed-Use Building with Storefronts

170 31st Street, Brooklyn, NY 11232

For Sale
$4,800,000

Commercial Sale, Brooklyn, NY

Property Size18,000 SF
Price / SF$266.67
Days on Market10

Property Features for 170 31st Street

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 20
Bathrooms 20
Full bathrooms 20
Rooms Bathroom 15, Bedroom 9, Bathroom 17, Bedroom 13, Bedroom 5, Bedroom 16, Bathroom 20, Bedroom 12, Bedroom 19, Bathroom 19, Bedroom 8, Bedroom 11, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 10, Bedroom 15, Bathroom 8, Bathroom 10, Bedroom 3, Bedroom 7, Bedroom 4, Bathroom 16, Bathroom 12, Bathroom 2, Bathroom 11, Bathroom 5, Bedroom 1, Bedroom 14, Bedroom 20, Bathroom 13, Bathroom 18, Bathroom 9, Bathroom 7, Bedroom 18, Bathroom 1, Bathroom 14, Bedroom 17, Bedroom 6, Bathroom 3
Subdivision Greenwood Heights
High school district 000000
Standard status Active
Size 18,000 SF

Site & Location

Corner Location Yes
Mixed-Use Components retail, residential

Additional Details

Tenant in Place Yes
Individually Metered Utilities gas, electric

Building Details

Architectural style Other
Buildings 1
Listing Agency: Compass
Listed By: Ian Mednick · License NY #10401308254
Added: Nov 4 Changed: Nov 13 Last Checked: Nov 13 at 11:06PM
MLS# 12054901

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

At 18,000 square feet, this four-story brick property combines 19 rent-stabilized apartments with four ground-floor storefronts. The retail and residential components provide distinct income streams, and the apartments’ rents may increase within legal limits as leases renew. Gas and electric service are separately metered.

The building occupies the corner of 4th Avenue and 31st Street, with frontage on both streets; the storefronts face 4th Avenue. Retail lease expirations are staggered from 2027 through 2035, and one lease includes annual increases. The R train’s 25th Street and 36th Street stations are a few blocks away.

Key Highlights

  • 18,000‑square‑foot, four‑story brick building
  • 19 rent‑stabilized apartments and four ground‑floor storefronts
  • Corner parcel at 4th Avenue and 31st Street, with frontage on both streets

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Nursing Home Skin Care Clinic Accounting Firm

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

Lease Details

19
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

3,841
Businesses Nearby

Demographics for 11232, NY

30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY

$709 Jul
$640 Aug
$678 Sep
$637 Oct

Properties on Market for Mixed-use properties in Brooklyn

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Four retail spaces occupy the street level, with rent-stabilized apartments above and separate gas and electric meters.
Where is this mixed-use property located?
The property is located at 170 31st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 18,000‑square‑foot, four‑story brick building; 19 rent‑stabilized apartments and four ground‑floor storefronts; Corner parcel at 4th Avenue and 31st Street, with frontage on both streets
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