Mixed-Use Building with Retail
For Sale
$1,595,000
1715 Avenue M, Brooklyn, NY 11230
A one-bedroom apartment sits above a substantial retail area, with updated heating and electrical systems.
Property Size1,764 SF
Price / SF$904.20
Days on Market61
Property Features for 1715 Avenue M
General Information
Standard status
Active
Size
1,764 SF
Property subtype
Multi-Unit
Additional Details
Mixed-Use Components
residential, retail
Building Details
Year Built
1931
Buildings
1
Construction
brick
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
Listed By:
Vito Angelo · License #VITLO524
(718) 887-5708
Source:
Davisrealtyandauction
Added: Sep 1
Changed: Oct 31
Last Checked: Oct 31 at 3:19AM
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 REMAX REAL ESTATE PROFESSIONALS
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Investment Insights
Based on property information with market context.
This 1,764-square-foot brick mixed-use building, constructed in 1931, combines a retail space on the ground floor with a one-bedroom apartment above. Heating and electrical systems have been updated. The configuration brings residential and storefront space together within one property.
The building is located at 1715 Avenue M in Brooklyn, within a commercial corridor described as having high traffic and foot traffic.
The building is located at 1715 Avenue M in Brooklyn, within a commercial corridor described as having high traffic and foot traffic.
Key Highlights
- 1,764‑square‑foot brick mixed‑use building
- Ground‑floor retail space with a one‑bedroom apartment above
- Heating and electrical systems have been updated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,592
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,691,840
$1.7M
Cap Rate 7%
$1,208,457
$1.2M
Cap Rate 9%
$939,911
$939.9K
Market Conditions
NOI Build-Up for 1,764 SF
Gross rent
$137.2K $77.76/SF
− Vacancy
−$16.3K −$9.25/SF
EGI
$120.8K $68.51/SF
− OpEx
−$36.3K −$20.55/SF
NOI
$84.6K $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%
$1,691,840
Cap Rate 7%
$1,208,457
Cap Rate 9%
$939,911
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,592 @ 7.0% cap · market cap 5.30%
Second Best
Mixed Use
$914.8K
$800.4K – $1.07M
NOI $64,033 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,241 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,326
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Home Improvements & Furnishings 5%
7-Eleven
Shops & Services
15,354 visits/mo
0.1 miles
AutoZone
Shops & Services
9,808 visits/mo
0.4 miles
Webster Bank
Shops & Services
5,031 visits/mo
0.2 miles
Johnstone Supply
Home Improvements & Furnishings
1,698 visits/mo
0.4 miles
Super Wash
Shops & Services
1,543 visits/mo
0.4 miles
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A one-bedroom apartment sits above a substantial retail area, with updated heating and electrical systems.
Where is this mixed-use property located?
The property is located at 1715 Avenue M Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 1,764‑square‑foot brick mixed‑use building; Ground‑floor retail space with a one‑bedroom apartment above; Heating and electrical systems have been updated
