Mixed-Use Property with Private
For Sale
$2,295,000
210 Hoyt Street, Brooklyn, NY 11217
Ground-floor commercial space is paired with two residential apartments and private outdoor space.
Property Size2,700 SF
Price / SF$850
Days on Market8
Property Features for 210 Hoyt Street
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Mixed
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
offers an attractive blank canvas for cosmetic improvements
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,532
Amenities
private garden
Central air
Full Basement
Hardwood floors
Pet friendly
Garden
Triplex
Voice Intercom
Building Details
Year Built
1931
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Park Slope Union
Listed By:
Kyle Talbott · License #10301207778
(718) 809-1029
Source:
Corcoran
Added: Sep 10
Changed: Sep 15
Last Checked: Sep 16 at 5:00PM
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 Park Slope Union
Investment Insights
Based on property information with market context.
This 2,700-square-foot mixed-use property combines a recently renovated open loft-style commercial storefront with two residential apartments above. The ground-floor space includes a private garden and full basement, creating a flexible layout for office, studio, showroom, or other professional use. The building also has updated mechanical systems and a new roof, while the existing configuration can be adapted for live/work use or a townhouse layout.
Built in 1931, the property is located at 210 Hoyt Street in Brooklyn’s Boerum Hill neighborhood, near Smith Street, Court Street, and Atlantic Avenue. Nearby amenities include Trader Joe’s, Whole Foods, Sahadi’s, Fish Tales, and Paisano’s. Brooklyn Bridge Park, Barclays Center, and Downtown Brooklyn are also nearby, with access to the F, G, A, C, R, 2, 3, 4, and 5 subway lines.
Built in 1931, the property is located at 210 Hoyt Street in Brooklyn’s Boerum Hill neighborhood, near Smith Street, Court Street, and Atlantic Avenue. Nearby amenities include Trader Joe’s, Whole Foods, Sahadi’s, Fish Tales, and Paisano’s. Brooklyn Bridge Park, Barclays Center, and Downtown Brooklyn are also nearby, with access to the F, G, A, C, R, 2, 3, 4, and 5 subway lines.
Key Highlights
- 2,700‑square‑foot mixed‑use property with commercial and residential components
- Recently renovated open loft‑style storefront on the ground floor
- Two residential apartments occupy the upper floors
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
$129,477
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
5.64%
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%
$2,589,540
$2.6M
Cap Rate 7%
$1,849,671
$1.8M
Cap Rate 9%
$1,438,633
$1.4M
Market Conditions
NOI Build-Up for 2,700 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
$210.0K $77.76/SF
− Vacancy
−$25.0K −$9.25/SF
EGI
$185.0K $68.51/SF
− OpEx
−$55.5K −$20.55/SF
NOI
$129.5K $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%
$2,589,540
Cap Rate 7%
$1,849,671
Cap Rate 9%
$1,438,633
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,477 @ 7.0% cap · market cap 5.64%
Second Best
Mixed Use
$1.40M
$1.23M – $1.63M
NOI $98,010 @ 7.0% cap · market cap 4.27%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,850
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with two residential apartments and private outdoor space.
Where is this mixed-use property located?
The property is located at 210 Hoyt Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 2,700‑square‑foot mixed‑use property with commercial and residential components; Recently renovated open loft‑style storefront on the ground floor; Two residential apartments occupy the upper floors
