Three-Story Mixed-Use
New
For Sale
$7,500,000
171 Bedford Avenue, Brooklyn, NY 11211
Mixed-use building with ground-floor retail and two full-floor four-bedroom apartments above.
Property Size6,044 SF
Lot Size0.06 Acres
Price / SF$1,240
Days on Market4
Property Features for 171 Bedford Avenue
General Information
Standard status
Active
Size
6,044 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$21,540
Building Details
Building Size
6,044 SF
Year Built
1910
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Nathan M Horne · License #10301210236
(706) 255-5657
Source:
Carytamura
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 1:15PM
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.
Built in 1910, this 6,044 SF mixed-use property combines ground-floor commercial space with two large residential apartments arranged above. Each apartment contains four bedrooms and occupies a full floor, while the building also includes a cellar and rear yard. The residential units are occupied on a month-to-month basis, and the retail space is leased to an optical tenant under an agreement extending through July 2029 with 3% annual increases.
The property occupies a 25' x 100' lot at 171 Bedford Avenue in Brooklyn, NY 11211. It is positioned along Bedford Avenue in Williamsburg and carries protected Tax Class 1 status. The unused cellar and rear yard provide additional existing areas within the property, while the lot dimensions support longer-term development flexibility.
The property occupies a 25' x 100' lot at 171 Bedford Avenue in Brooklyn, NY 11211. It is positioned along Bedford Avenue in Williamsburg and carries protected Tax Class 1 status. The unused cellar and rear yard provide additional existing areas within the property, while the lot dimensions support longer-term development flexibility.
Key Highlights
- 6,044 SF mixed‑use property with retail and residential components
- Two full‑floor four‑bedroom residential units
- Ground‑floor optical retail leased through July 2029
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
$289,838
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
3.86%
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%
$5,796,760
$5.8M
Cap Rate 7%
$4,140,543
$4.1M
Cap Rate 9%
$3,220,422
$3.2M
Market Conditions
NOI Build-Up for 6,044 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
$470.0K $77.76/SF
− Vacancy
−$55.9K −$9.25/SF
EGI
$414.1K $68.51/SF
− OpEx
−$124.2K −$20.55/SF
NOI
$289.8K $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%
$5,796,760
Cap Rate 7%
$4,140,543
Cap Rate 9%
$3,220,422
Alternative Uses
Best Use
Retail
$4.14M
$3.62M – $4.83M
NOI $289,838 @ 7.0% cap · market cap 3.86%
Second Best
Mixed Use
$3.13M
$2.74M – $3.66M
NOI $219,397 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$5.00M
$4.38M – $5.84M
NOI $350,310 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,791
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 15%
Hotels & Casinos 12%
Electronics 7%
Dunkin' Donuts
Dining
18,501 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
13,145 visits/mo
0.3 miles
Starbucks
Dining
12,417 visits/mo
0.4 miles
Hotel Indigo Williamsburg
Hotels & Casinos
10,187 visits/mo
0.3 miles
T-Mobile
Electronics
5,770 visits/mo
0.2 miles
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with ground-floor retail and two full-floor four-bedroom apartments above.
Where is this mixed-use property located?
The property is located at 171 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 6,044 SF mixed‑use property with retail and residential components; Two full‑floor four‑bedroom residential units; Ground‑floor optical retail leased through July 2029
