Five-Unit Mixed-Use
New
For Sale
$1,998,000
196 Highlawn Ave, Brooklyn, NY 11223
Three commercial spaces and two free-market apartments are all currently occupied.
Property Size3,200 SF
Lot Size0.04 Acres
Price / SF$624.38
Days on Market2
Property Features for 196 Highlawn Ave
General Information
Standard status
Active
Size
3,200 SF
Lot size
0.04 Acres
Property subtype
Commercial
Occupancy
100%
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
commercial, residential
Additional Details
Gross Income
$120,459
Tenant in Place
Yes
Property Use
Mixed-Use
Medical Specialty
dental
Taxes and HOA fees
Annual Taxes
$17,156
Amenities
garage
Building Details
Building Size
3,200 SF
Year Built
1931
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
B Square Realty
Listed By:
Li Li
(646) 889-9988
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:51PM
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 B Square Realty
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Investment Insights
Based on property information with market context.
This two-story mixed-use building contains approximately 3,200 SF on a 1,820 SF lot. Its ground floor is divided among three commercial spaces, occupied by a deli, dental office, and thrift store. Upstairs are two free-market apartments, each with two bedrooms, a living area, kitchen, and bathroom. A garage is also part of the property, along with five electric meters and two gas meters. The building dates to 1931, and all five units are currently rented.
At 196 Highlawn Ave in Brooklyn, the property is one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Nearby amenities include restaurants, retailers, supermarkets, and local bus service. Walk, transit, and bike scores are 96, 86, and 67, respectively.
At 196 Highlawn Ave in Brooklyn, the property is one block from the Kings Highway commercial corridor and less than 500 feet from the Kings Highway N subway station. Nearby amenities include restaurants, retailers, supermarkets, and local bus service. Walk, transit, and bike scores are 96, 86, and 67, respectively.
Key Highlights
- Three ground‑floor commercial spaces and two second‑floor apartments; all five units are rented
- Approximately 3,200 SF of building space on a 1,820 SF lot
- Two apartments, each with two bedrooms, a living area, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,455
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,069,100
$3.1M
Cap Rate 7%
$2,192,214
$2.2M
Cap Rate 9%
$1,705,056
$1.7M
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$248.8K $77.76/SF
− Vacancy
−$29.6K −$9.25/SF
EGI
$219.2K $68.51/SF
− OpEx
−$65.8K −$20.55/SF
NOI
$153.5K $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%
$3,069,100
Cap Rate 7%
$2,192,214
Cap Rate 9%
$1,705,056
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 7.68%
Second Best
Mixed Use
$1.66M
$1.45M – $1.94M
NOI $116,160 @ 7.0% cap · market cap 5.81%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 9.28%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,874
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 23%
Groceries 20%
Electronics 16%
Key Food
Groceries
17,619 visits/mo
0.1 miles
Chase Bank
Shops & Services
16,089 visits/mo
0.3 miles
Starbucks
Dining
15,784 visits/mo
0.3 miles
P.C. Richard & Son
Electronics
9,818 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,144 visits/mo
0.1 miles
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
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 - Three commercial spaces and two free-market apartments are all currently occupied.
Where is this mixed-use property located?
The property is located at 196 Highlawn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,998,000.
What are key features of this property?
This property features: Three ground‑floor commercial spaces and two second‑floor apartments; all five units are rented; Approximately 3,200 SF of building space on a 1,820 SF lot; Two apartments, each with two bedrooms, a living area, kitchen, and bathroom
