Mixed-Use Building with Retail
217 6th Avenue, Brooklyn, NY 11215
For Sale
New
$1,900,000
Vacant delivery includes two one-bedroom apartments above a street-level commercial space.
Property Size1,536 SF
Price / SF$1,236
Days on Market4
Property Features for 217 6th Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Amenities
rooftop
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Compass
Listed By:
Ian Mednick · License NY #10401308254
(203) 858-5789
Source:
Penrealty
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:15PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-story mixed-use property combines a ground-floor retail storefront with two one-bedroom apartments above. The residential units each include living and dining areas, a kitchen, a full bathroom, and a bedroom. Interior features include exposed brick, hardwood floors, and decorative mantels. The storefront has 10'10" ceilings, display windows, a separate street entrance, and a powder room. A full basement has separately metered electric service, and a rooftop bulkhead provides access to a private roof. The building is scheduled for vacant delivery.
Built in 1920, the property has a red brick facade with brownstone lintels, decorative brickwork, and a period cornice. It measures approximately 25 feet wide by 20 feet deep and contains 1,536 square feet. The property is located at 217 6th Avenue in Brooklyn, New York, and is designated Tax Class 1.
Built in 1920, the property has a red brick facade with brownstone lintels, decorative brickwork, and a period cornice. It measures approximately 25 feet wide by 20 feet deep and contains 1,536 square feet. The property is located at 217 6th Avenue in Brooklyn, New York, and is designated Tax Class 1.
Key Highlights
- Three‑story mixed‑use building with one retail storefront and two one‑bedroom apartments
- Storefront features 10'10" ceilings, display windows, separate street entrance, and powder room
- Building measures approximately 25 feet wide by 20 feet deep and contains 1,536 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,658
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,473,160
$1.5M
Cap Rate 7%
$1,052,257
$1.1M
Cap Rate 9%
$818,422
$818.4K
Market Conditions
NOI Build-Up for 1,536 SF
Gross rent
$119.4K $77.76/SF
− Vacancy
−$14.2K −$9.25/SF
EGI
$105.2K $68.51/SF
− OpEx
−$31.6K −$20.55/SF
NOI
$73.7K $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 Rate 5%
$1,473,160
Cap Rate 7%
$1,052,257
Cap Rate 9%
$818,422
Alternative Uses
Best Use
Retail
$1.05M
$920.7K – $1.23M
NOI $73,658 @ 7.0% cap · market cap 3.88%
Second Best
Mixed Use
$796.5K
$697.0K – $929.3K
NOI $55,757 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $89,027 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,385
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant delivery includes two one-bedroom apartments above a street-level commercial space.
Where is this mixed-use property located?
The property is located at 217 6th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with one retail storefront and two one‑bedroom apartments; Storefront features 10'10" ceilings, display windows, separate street entrance, and powder room; Building measures approximately 25 feet wide by 20 feet deep and contains 1,536 square feet
