Mixed-Use Building with
For Sale
$1,785,000
1890 W 6th Street, Brooklyn, NY 11223
Four ground-floor shops are paired with two upstairs apartments, one with three bedrooms and the other with two.
Property Size4,500 SF
Lot Size0.06 Acres
Price / SF$396.67
Days on Market11
Property Features for 1890 W 6th Street
General Information
Standard status
Active
Size
4,500 SF
Lot size
0.06 Acres
Zoning
R5B
Occupancy
100%
Net Operating Income
$85,542
Site & Location
Public Transit
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Gross Income
$131,760
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$29,332
Amenities
Bilco Door(s),Finished,Full,Storage Space
Yes
Bilco Door(s), Finished, Full, Storage Space
Public
No
See Remarks
4500
Building Details
Building Size
4,500 SF
Year Built
1931
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
(516) 703-2918
Listed By:
Sooyeon (Kelly) Moon
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 31 at 4:03AM
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 Sooyeon (Kelly) Moon
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Investment Insights
Based on property information with market context.
Built in 1931, this brick mixed-use property has four ground-floor retail units and two second-floor apartments. The residential layouts include one three-bedroom and one two-bedroom apartment, each approximately 975 square feet. A deli has basement access, and the property includes finished full basement storage. The lot measures 25 feet by 100 feet, and the building is zoned R5B. The property is described as fully occupied.
Key Highlights
- Four ground‑floor retail units and two second‑floor apartments
- Two apartments: one 3‑bedroom and one 2‑bedroom, each approximately 975 sq ft
- 25ft x 100ft lot; R5B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$163,350
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,000
$3.3M
Cap Rate 7%
$2,333,571
$2.3M
Cap Rate 9%
$1,815,000
$1.8M
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$297.0K $66.00/SF
− Vacancy
−$35.6K −$7.92/SF
EGI
$261.4K $58.08/SF
− OpEx
−$98.0K −$21.78/SF
NOI
$163.4K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,267,000
Cap Rate 7%
$2,333,571
Cap Rate 9%
$1,815,000
Alternative Uses
Best Use
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 12.09%
Second Best
Mixed Use
$2.33M
$2.04M – $2.72M
NOI $163,350 @ 7.0% cap · market cap 9.15%
Theoretical Best
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 14.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,643
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four ground-floor shops are paired with two upstairs apartments, one with three bedrooms and the other with two.
Where is this mixed-use property located?
The property is located at 1890 W 6th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,785,000.
What are key features of this property?
This property features: Four ground‑floor retail units and two second‑floor apartments; Two apartments: one 3‑bedroom and one 2‑bedroom, each approximately 975 sq ft; 25ft x 100ft lot; R5B zoning
