Building Details

Buildings 1

Stories 3

Listing Agency: Kingsview Realty Corp.

Listed By: Anthony Garraud II · License #AG8810 Show Phone

Source: Prideestates

Added: Jul 25 Changed: Sep 19 Last Checked: Oct 14 at 10:55PM

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Investment Insights

Based on property information with market context.

Located at 2083 Nostrand Avenue in Brooklyn, this 3,300-square-foot mixed-use building combines ground-floor retail with residential space on the upper levels. The retail floor is occupied by Joe's Clothing Store, while the second and third floors each contain a three-bedroom, one-bathroom apartment.

The property is situated in Flatbush, with Brooklyn College a few minutes away. Public transportation access includes the nearby MTA 2 and 5 trains, along with B44, B41, B6, B103, B11, and BM2 bus routes.

Key Highlights

• 3,300‑square‑foot mixed‑use building at 2083 Nostrand Avenue
• Ground‑floor retail space occupied by Joe's Clothing Store
• Two upper‑level apartments, each with 3 bedrooms and 1 bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$119,790

Cap Rate

8.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,395,800 $2.4M

Cap Rate 7%

$1,711,286 $1.7M

Cap Rate 9%

$1,331,000 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$217.8K $66.00/SF

− Vacancy

−$26.1K −$7.92/SF

EGI

$191.7K $58.08/SF

− OpEx

−$71.9K −$21.78/SF

NOI

$119.8K $36.30/SF

Area

Brooklyn, NY

Vacancy

12.00%

Lease Rate

$66.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,395,800

Cap Rate 7%

$1,711,286

Cap Rate 9%

$1,331,000

Alternative Uses

Best Use

Retail

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,250 @ 7.0% cap · market cap 10.59%

Second Best

Mixed Use

$1.71M

$1.50M – $2.00M (±1% cap)

NOI $119,790 @ 7.0% cap · market cap 8.01%

Theoretical Best

Specialty Retail

$2.73M

$2.39M – $3.19M (±1% cap)

NOI $191,268 @ 7.0% cap · market cap 12.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Complex Sneaker Clothing & Fashion Store Mr Joe Clothing Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,773

Businesses Nearby

Explore this area Business Placement

Demographics for 11210, NY

62,805

Population

22,817

Households

2.8

Avg Household Size

38

Median Age

39%

College-Educated

89%

High-School Grad

1.6 sq mi

ZIP Area

39,253

Density / Sq Mi

$83,261

Median Household Income

$50,286

Median Earnings

$1,734

Median Rent

$817,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor retail space is paired with two residential apartments above.

Where is this mixed-use property located?

The property is located at 2083 Nostrand Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 3,300‑square‑foot mixed‑use building at 2083 Nostrand Avenue; Ground‑floor retail space occupied by Joe's Clothing Store; Two upper‑level apartments, each with 3 bedrooms and 1 bathroom