Two-Story Mixed-Use
For Sale
$1,675,000
1807 Kings Highway, Brooklyn, NY 11229
Brick commercial property with two storefront tenants, hardwood interiors, kitchen space, and flexible utility service.
Property Size1,680 SF
Price / SF$997.02
Days on Market455
Property Features for 1807 Kings Highway
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Mixed Use
Additional Details
Gross Income
$94,248
Taxes and HOA fees
Annual Taxes
$16,902
Amenities
110 V, 220 V
Hardwood
4+
11-15 Foot
Semi-Finished, Sub-cellar
Poured Concrete
Brick
Kitchen
No
Doors - 10 ft and under
Building Details
Year Built
1925
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Superior Realty Service
(347) 554-8282
Listed By:
Diana Melerud · License #melna1282
(347) 554-8282
Source:
Compass
Added: Jun 2, 2025
Changed: Aug 29
Last Checked: Aug 29 at 5:27PM
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 Superior Realty Service
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains two commercial storefronts within approximately 1,680 square feet. The 1925 brick building features hardwood finishes, kitchen space, poured-concrete construction, and a semi-finished sub-cellar. Electrical service includes both 110 V and 220 V, while the storefront doors measure 10 feet and under.
The property is located at 1807 Kings Highway in Brooklyn, with commercial space arranged across the first and second floors. Existing leases include four years remaining for the first-floor occupant and two years remaining for the second-floor occupant. Both leases provide for annual 3% increases.
The property is located at 1807 Kings Highway in Brooklyn, with commercial space arranged across the first and second floors. Existing leases include four years remaining for the first-floor occupant and two years remaining for the second-floor occupant. Both leases provide for annual 3% increases.
Key Highlights
- Two‑story mixed‑use building with two commercial storefronts
- Approximately 1,680 square feet across first- and second‑floor commercial space
- Brick construction dating to 1925 with hardwood interiors
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
$80,564
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
4.81%
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%
$1,611,280
$1.6M
Cap Rate 7%
$1,150,914
$1.2M
Cap Rate 9%
$895,156
$895.2K
Market Conditions
NOI Build-Up for 1,680 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
$130.6K $77.76/SF
− Vacancy
−$15.5K −$9.25/SF
EGI
$115.1K $68.51/SF
− OpEx
−$34.5K −$20.55/SF
NOI
$80.6K $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 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%
$1,611,280
Cap Rate 7%
$1,150,914
Cap Rate 9%
$895,156
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.34M
NOI $80,564 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$871.2K
$762.3K – $1.02M
NOI $60,984 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 5.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,432
Businesses Nearby
195k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 21%
Office Supplies 16%
Electronics 2%
Raising Cane's Chicken Fingers
Dining
75,801 visits/mo
0.2 miles
Staples
Office Supplies
31,010 visits/mo
0.5 miles
Citibank
Shops & Services
21,126 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
14,183 visits/mo
0.3 miles
TD Bank
Shops & Services
12,989 visits/mo
0.5 miles
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Brick commercial property with two storefront tenants, hardwood interiors, kitchen space, and flexible utility service.
Where is this mixed-use property located?
The property is located at 1807 Kings Highway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with two commercial storefronts; Approximately 1,680 square feet across first- and second‑floor commercial space; Brick construction dating to 1925 with hardwood interiors
