Ground-Floor Retail
196 Stanhope St Brooklyn, NY 11237
196 Stanhope St, Brooklyn, NY, 11237
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For Sale
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Ground-floor retail condo in a newly developed mixed-use condominium with direct street access.
Property Size2,880 SF
Price / SF$866.32
Days on Market132
Property Features for 196 Stanhope St
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agency
Compass
(706) 255-5657
Listed by
May Stella · License #10401386522
Source
Crexi
Added: Mar 13 Updated: Jul 21 at 4:55AM Checked: Jul 21 at 4:55AM
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 Compass
Investment Insights
Based on property information with market context.
This ground-floor retail condominium is part of a new development condominium at 196 Stanhope St. The space is offered for sale as a retail unit and is positioned for visibility with direct street access.
The property is described as being steps from the L and M lines and is located in the heart of Bushwick, Brooklyn, surrounded by neighborhood retail and dining amenities.
The offering includes flexible build-to-suit options, supporting customization for an owner-user or investment use, subject to applicable approvals.
The property is described as being steps from the L and M lines and is located in the heart of Bushwick, Brooklyn, surrounded by neighborhood retail and dining amenities.
The offering includes flexible build-to-suit options, supporting customization for an owner-user or investment use, subject to applicable approvals.
Key Highlights
- Ground‑floor retail condo in a newly developed mixed‑use condominium with direct street access
- Located at 196 Stanhope St in the heart of Bushwick, Brooklyn
- Steps from the L and M lines, with strong pedestrian activity
Local 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 | $223.9k | $77.76 |
| − Vacancy | −$26.6k | −$9.25 |
| EGI | $197.3k | $68.51 |
| − OpEx | −$59.2k | −$20.55 |
| NOI | $138.1k | $47.95 |
2,880 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.97M
$1.73M – $2.30M
NOI $138,109 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Storefront property - Ground-floor retail condo in a newly developed mixed-use condominium with direct street access.
Where is this storefront property located?
The property is located at 196 Stanhope St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Ground‑floor retail condo in a newly developed mixed‑use condominium with direct street access; Located at 196 Stanhope St in the heart of Bushwick, Brooklyn; Steps from the L and M lines, with strong pedestrian activity
