Mixed-Use Building Value-Add
For Sale
Contact for pricing
191 Bond St, Brooklyn, NY
Three-story mixed-use building with retail and residential units.
Property Size3,220 SF
Lot Size0.03 Acres
Price / SF$900.62
Days on Market472
Property Features for 191 Bond St
General Information
Standard status
Active
Size
3,220 SF
Lot size
0.03 Acres
Property subtype
RETAIL
Listing Agency:
Nest Seekers International | Westside
(917) 968-1365
Listed By:
Andy H. Kim
(917) 968-1365
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:23AM
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 Nest Seekers International | Westside
Investment Insights
Based on property information with market context.
This is a three-story, 3,220 GSF brick mixed-use building located on the corner of Bond and Warren Street. The property is configured with two free-market apartments situated above a ground floor retail space. A rear garage extension with a curb cut is accessible from Bond Street. The property offers considerable value-add potential as units are renovated and brought to market rate upon turnover. The Atlantic Terminal / Barclays Center are located 8 blocks away, and the F and G train at Bergen St is just 3 blocks away. The property is located in a market undergoing rapid transformation.
Key Highlights
- Prime corner location at Bond and Warren Street.
- Mixed‑use building with retail space and two apartments.
- Garage with curb cut on Bond Street.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $250.4k | $77.76 |
| − Vacancy | −$29.8k | −$9.25 |
| EGI | $220.6k | $68.51 |
| − OpEx | −$66.2k | −$20.55 |
| NOI | $154.4k | $47.95 |
3,220 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.21M
$1.93M – $2.57M
NOI $154,414 @ 7.0% cap · market cap 5.32%
Second Best
Mixed Use
$1.67M
$1.46M – $1.95M
NOI $116,886 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$2.67M
$2.33M – $3.11M
NOI $186,631 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10,142
Businesses Nearby
Explore this area
Business Placement
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with retail and residential units.
Where is this mixed-use property located?
The property is located at 191 Bond St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Prime corner location at Bond and Warren Street.; Mixed‑use building with retail space and two apartments.; Garage with curb cut on Bond Street.
