Mixed-Use Building with
1983 64th St Brooklyn, NY 11204
For Sale
Contact for pricing
Mixed-use building with four ground-floor storefronts and nine apartments above, for sale.
Property Size10,000 SF
Price / SF$400
Days on Market99
Property Features for 1983 64th St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Multifamily, Mixed Use
Building Details
- Year Built
- 1930
Listing Agency:
SERHANT
Listed By:
Alessa Aichinger · License #10401333915
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 6:25PM
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 SERHANT
Investment Insights
Based on property information with market context.
This mixed-use property consists of 9 apartments positioned above 4 ground-floor commercial storefronts. The building is configured to provide combined residential and retail income in a single asset, with storefront space at street level and apartments located overhead.
The property is located at 1983 64th St in Brooklyn, NY 11204. It offers street-facing presence through the 4 ground-floor storefronts while maintaining a stacked layout with residential units above.
The property is located at 1983 64th St in Brooklyn, NY 11204. It offers street-facing presence through the 4 ground-floor storefronts while maintaining a stacked layout with residential units above.
Key Highlights
- Mixed‑use building with 4 ground‑floor commercial storefronts and 9 residential apartments above
- Approximately 10,000 SF mixed‑use commercial property
- Year built: 1930
Financial Insights For Mixed Use
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 | $660.0k | $66.00 |
| − Vacancy | −$79.2k | −$7.92 |
| EGI | $580.8k | $58.08 |
| − OpEx | −$217.8k | −$21.78 |
| NOI | $363.0k | $36.30 |
10,000 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$6.85M
$5.99M – $7.99M
NOI $479,546 @ 7.0% cap · market cap 11.99%
Second Best
Mixed Use
$5.19M
$4.54M – $6.05M
NOI $363,000 @ 7.0% cap · market cap 9.08%
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,600 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Apartment building - Mixed-use building with four ground-floor storefronts and nine apartments above, for sale.
Where is this apartment building located?
The property is located at 1983 64th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Mixed‑use building with 4 ground‑floor commercial storefronts and 9 residential apartments above; Approximately 10,000 SF mixed‑use commercial property; Year built: 1930
