Mixed-Use Property | 3,500
For Sale
Contact for pricing
209 Lewis Ave, Brooklyn, NY 11221
Mixed-use property available for sale, totaling 3,500 square feet.
Property Size3,500 SF
Price / SF$485.71
Days on Market225
Property Features for 209 Lewis Ave
General Information
Standard status
Active
Size
3,500 SF
Property subtype
Mixed Use
Zoning
R6B
Occupancy
100%
Building Details
Year Built
1931
Buildings
1
Stories
3
Units
3
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Matthew Fotis · License #10301207136
(212) 430-5234
Source:
Crexi
Added: Feb 26
Changed: Oct 3
Last Checked: Oct 7 at 9:42AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This mixed-use property offers 3,500 square feet of space. It is located in Brooklyn, New York.
Key Highlights
- Mixed use property
- 3,500 sqft available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,050
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,541,000
$2.5M
Cap Rate 7%
$1,815,000
$1.8M
Cap Rate 9%
$1,411,667
$1.4M
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$231.0K $66.00/SF
− Vacancy
−$27.7K −$7.92/SF
EGI
$203.3K $58.08/SF
− OpEx
−$76.2K −$21.78/SF
NOI
$127.1K $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%
$2,541,000
Cap Rate 7%
$1,815,000
Cap Rate 9%
$1,411,667
Alternative Uses
Best Use
Mixed Use
$1.81M
$1.59M – $2.12M
NOI $127,050 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.90M
$2.54M – $3.38M
NOI $202,860 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property available for sale, totaling 3,500 square feet.
Where is this mixed-use property located?
The property is located at 209 Lewis Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Mixed use property; 3,500 sqft available
