Mixed-Use Brick
For Sale
$1,599,000
2177 E 69 Street, Brooklyn, NY 11234
A two-family layout pairs a first-floor medical office with residential space on the upper floors.
Property Size5,000 SF
Lot Size0.09 Acres
Price / SF$319.80
Days on Market162
Property Features for 2177 E 69 Street
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
2
Lot size
0.09 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/1.75BA
Multifamily Units
2
Office Units
1
Additional Details
Floor
1
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$4,980
Amenities
covered front terrace
rear porch
central air and heat
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
5,000 SF
Year Built
1975
Buildings
1
Units
3
Construction
brick
Tenancy
Single
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Jason P. Sciulara
(917) 440-9356
Source:
Croninreale
Added: May 18
Changed: Oct 25
Last Checked: Oct 26 at 3:52AM
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 Bergen Basin Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1975, this detached brick mixed-use property combines a first-floor space currently configured with six rooms and 1.75 baths with two residential apartments above. Each apartment has six rooms, three bedrooms and 1.75 baths. The upper-floor apartment includes a covered front terrace; the other has a front terrace and rear porch. Central air conditioning and heat serve all units.
The building sits on a 4,000-square-foot corner lot in Bergen Beach, Brooklyn. An unfinished basement is accessible from the first floor, and a two-car garage is located beneath the rear porch.
The building sits on a 4,000-square-foot corner lot in Bergen Beach, Brooklyn. An unfinished basement is accessible from the first floor, and a two-car garage is located beneath the rear porch.
Key Highlights
- Detached brick building with first‑floor medical office use and two residential apartments
- Each apartment has 6 rooms, 3 bedrooms and 1.75 baths
- First‑floor space includes 6 rooms and 1.75 baths, with access to an unfinished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,740
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,800
$2.5M
Cap Rate 7%
$1,782,000
$1.8M
Cap Rate 9%
$1,386,000
$1.4M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$216.0K $43.20/SF
− Vacancy
−$49.7K −$9.94/SF
EGI
$166.3K $33.26/SF
− OpEx
−$41.6K −$8.32/SF
NOI
$124.7K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,800
Cap Rate 7%
$1,782,000
Cap Rate 9%
$1,386,000
Alternative Uses
Best Use
Mixed Use
$2.59M
$2.27M – $3.03M
NOI $181,500 @ 7.0% cap · market cap 11.35%
Second Best
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,645 @ 7.0% cap · market cap 9.55%
Theoretical Best
Specialty Retail
$4.14M
$3.62M – $4.83M
NOI $289,800 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,202
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-family layout pairs a first-floor medical office with residential space on the upper floors.
Where is this mixed-use property located?
The property is located at 2177 E 69 Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Detached brick building with first‑floor medical office use and two residential apartments; Each apartment has 6 rooms, 3 bedrooms and 1.75 baths; First‑floor space includes 6 rooms and 1.75 baths, with access to an unfinished basement
