Building Details

Year built 1931

Floors in Building 2

Flooring type Hardwood, Tile

Building materials Brick

Listing Agency: REMAX REAL ESTATE PROFESSIONALS Show Phone

Listed By: Vito Angelo · License #VITLO524 Show Phone

Added: Sep 1 Changed: Oct 9 Last Checked: Oct 9 at 3:06PM

Report an Issue

MLS# 11960947

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.

Investment Insights

Based on property information with market context.

This 1,764-square-foot mixed-use building combines a retail unit with a one-bedroom apartment on the upper level. Brick construction dates to 1931, and the interiors include hardwood and tile flooring. Heating is provided by natural gas and steam systems; the electrical system has also been updated.

The property occupies a 0.0213-acre lot at 1715 Avenue M in Brooklyn, NY 11230.

Key Highlights

• 1,764 square feet across retail and residential space
• One‑bedroom apartment above a retail unit
• Brick construction; built in 1931

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 (±1% cap)

NOI $84,592 @ 7.0% cap · market cap 5.30%

Second Best

Mixed Use

$914.8K

$800.4K – $1.07M (±1% cap)

NOI $64,033 @ 7.0% cap · market cap 4.01%

Theoretical Best

Specialty Retail

$1.46M

$1.28M – $1.70M (±1% cap)

NOI $102,241 @ 7.0% cap · market cap 6.41%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Orlander's Liquor (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Bar & Pub Gym & Fitness Center Hotel & Motel Auto Parts Store

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

Multi-tenant

Tenancy

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Brick Storefront Condo with Basement

867 53rd Street, Brooklyn, NY 11220

$1,365,000

1,949 SF

View details

Brick Mixed-Use Building

815 65th Street, Brooklyn, NY 11220

$2,050,000

1,920 SF

View details

Mixed-Use Property With Storefront

104 Albany Avenue, Brooklyn, NY 11213

$1,499,000

2,140 SF

View details

Mixed-Use Building with Restaurant Venue

408 Rogers Avenue, Brooklyn, NY 11225

$1,850,000

1,500 SF

View details

Mixed-Use Building with 2 Storefronts

509 80th St, Brooklyn, NY 11209

$1,575,000

2,304 SF

View details

Mixed-Use Property with Restaurant

7212 New Utrecht Avenue, Brooklyn, NY 11228

$1,469,000

2,200 SF

View details

Daycare Center with Educational Buildout

625 Rogers Avenue, Brooklyn, NY 11225

$1,340,000

2,100 SF

View details

R7B-Zoned Storefront Property

6901 4th Avenue, Brooklyn, NY 11209

$2,690,000

1,920 SF

View details

Mixed-Use Building with Restaurant

3149 Coney Island Avenue, Brooklyn, NY 11235

$1,399,000

2,240 SF

View details

Mixed-Use Property with Storefront

2114 Mermaid Avenue, Brooklyn, NY 11224

$1,288,000

2,150 SF

View details

Detached Mixed-Use Corner Property

9024 Glenwood Road, Brooklyn, NY 11236

$950,000

1,600 SF

View details

Three-Story Mixed-Use Building

141 Tompkins Avenue, Brooklyn, NY 11206

$1,550,000

2,451 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - A one-bedroom apartment sits above a retail space in a brick building with updated electrical and heating 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 feet across retail and residential space; One‑bedroom apartment above a retail unit; Brick construction; built in 1931