Mixed-Use Property with Private
New
For Sale
$1,150,000
2 Kiely Place, Brooklyn, NY 11208
Two residences, a finished lower level, and garage parking support a flexible residential and commercial configuration.
Property Size3,320 SF
Price / SF$346.39
Days on Market7
Property Features for 2 Kiely Place
General Information
Standard status
Active
Size
3,320 SF
Property subtype
Residential Income
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$7,039
Amenities
Finished,Full,Walk-Out Access
4
Yes
7
First Floor Bedroom,Eat-in Kitchen,Granite Counters,Master Downstairs
Finished, Full, Walk-Out Access
Public
3
No
Detached, Garage, Off Street, Private
3320
Building Details
Building Size
3,320 SF
Year Built
1901
Listing Agency:
(516) 703-2918
Listed By:
Alex Switalski
Source:
Hedgestonehomes
Added: Oct 26
Changed: Oct 31
Last Checked: Oct 31 at 3:40AM
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 Alex Switalski
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Investment Insights
Based on property information with market context.
At 2 Kiely Place, this mixed-use property is classified as S2, with a two-family layout and one store or office. The upper residence is currently arranged as five bedrooms; its original configuration included four bedrooms and a living room. The first-floor residence has three bedrooms and a living room. Across the property are four bathrooms, and the finished basement has a separate entrance and several additional rooms. The building contains 3,320 square feet and dates to 1901.
A detached garage, off-street parking for another vehicle, and a separate motorcycle parking area provide on-site parking options. The S2 classification identifies potential store or office use, subject to zoning, DOB requirements, and permitted use. Recent updates have been completed throughout the property.
A detached garage, off-street parking for another vehicle, and a separate motorcycle parking area provide on-site parking options. The S2 classification identifies potential store or office use, subject to zoning, DOB requirements, and permitted use. Recent updates have been completed throughout the property.
Key Highlights
- S2 classification: two‑family property with one store or office
- 3,320‑square‑foot building, built in 1901
- Upper residence currently arranged with five bedrooms; originally four bedrooms and a living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,226
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,520
$1.7M
Cap Rate 7%
$1,217,514
$1.2M
Cap Rate 9%
$946,956
$947.0K
Market Conditions
NOI Build-Up for 3,320 SF
Gross rent
$127.5K $38.40/SF
− Vacancy
−$5.7K −$1.73/SF
EGI
$121.8K $36.67/SF
− OpEx
−$36.5K −$11.00/SF
NOI
$85.2K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,704,520
Cap Rate 7%
$1,217,514
Cap Rate 9%
$946,956
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,226 @ 7.0% cap · market cap 7.41%
Second Best
Apartment 5plus
$1.08M
$948.6K – $1.26M
NOI $75,886 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,200 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,524
Businesses Nearby
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Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residences, a finished lower level, and garage parking support a flexible residential and commercial configuration.
Where is this mixed-use property located?
The property is located at 2 Kiely Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: S2 classification: two‑family property with one store or office; 3,320‑square‑foot building, built in 1901; Upper residence currently arranged with five bedrooms; originally four bedrooms and a living room
