Ground-Floor Retail
For Sale
Contact for pricing
196 Stanhope St, Brooklyn, NY 11237
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 Market178
Property Features for 196 Stanhope St
General Information
Standard status
Active
Size
2,880 SF
Class
A
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
2025
Stories
1
Units
1
Listing Agency:
Compass
Listed By:
May Stella · License #10401386522
(417) 684-0391
Source:
Crexi
Added: Mar 13
Changed: Sep 5
Last Checked: Sep 5 at 1:20AM
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
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
$138,109
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
5.54%
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%
$2,762,180
$2.8M
Cap Rate 7%
$1,972,986
$2.0M
Cap Rate 9%
$1,534,544
$1.5M
Market Conditions
NOI Build-Up for 2,880 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
$223.9K $77.76/SF
− Vacancy
−$26.6K −$9.25/SF
EGI
$197.3K $68.51/SF
− OpEx
−$59.2K −$20.55/SF
NOI
$138.1K $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%
$2,762,180
Cap Rate 7%
$1,972,986
Cap Rate 9%
$1,534,544
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,126
Businesses Nearby
265k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 20%
Groceries 19%
Apparel 6%
Burger King
Dining
36,411 visits/mo
0.2 miles
White Castle
Dining
24,528 visits/mo
0.5 miles
BP
Shops & Services
22,327 visits/mo
0.4 miles
Key Food
Groceries
14,926 visits/mo
0.3 miles
Windsor Farms Market
Groceries
14,812 visits/mo
0.3 miles
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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?
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
