Mixed-Use Property with
For Sale
$3,100,000
223 Brighton Beach Avenue, Brooklyn, NY 11235
Two-level commercial building with vacant retail and basement space plus a month-to-month office tenancy.
Property Size3,783 SF
Price / SF$819.46
Days on Market62
Property Features for 223 Brighton Beach Avenue
General Information
Standard status
Active
Size
3,783 SF
Property subtype
Commercial
Listing Agency:
RE/MAX Edge
Listed By:
Vadim Blinov · License #10401325302
(718) 612-3088
Source:
Prideestates
Added: Aug 8
Changed: Oct 3
Last Checked: Oct 7 at 11:51AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a ground-floor retail area and a full basement, both scheduled to be vacant at closing. The second floor is occupied by one office tenant under a month-to-month lease, providing an existing income component while preserving near-term flexibility. The layout supports separate retail, office, and below-grade commercial functions within one building.
The property is located at 223 Brighton Beach Ave in Brooklyn, directly beneath the Brighton Beach subway station and along a heavily trafficked commercial strip. The corridor includes national retailers, local businesses, restaurants, medical offices, financial institutions, and professional services. WalkScore is 92, TransitScore is 100, and bikeScore is 72.
The property is located at 223 Brighton Beach Ave in Brooklyn, directly beneath the Brighton Beach subway station and along a heavily trafficked commercial strip. The corridor includes national retailers, local businesses, restaurants, medical offices, financial institutions, and professional services. WalkScore is 92, TransitScore is 100, and bikeScore is 72.
Key Highlights
- Ground‑floor retail space and full basement delivered vacant at closing
- Second‑floor office occupied by one tenant on a month‑to‑month lease
- Located beneath the Brighton Beach subway station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,412
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,628,240
$3.6M
Cap Rate 7%
$2,591,600
$2.6M
Cap Rate 9%
$2,015,689
$2.0M
Market Conditions
NOI Build-Up for 3,783 SF
Gross rent
$294.2K $77.76/SF
− Vacancy
−$35.0K −$9.25/SF
EGI
$259.2K $68.51/SF
− OpEx
−$77.7K −$20.55/SF
NOI
$181.4K $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%
$3,628,240
Cap Rate 7%
$2,591,600
Cap Rate 9%
$2,015,689
Alternative Uses
Best Use
Retail
$2.59M
$2.27M – $3.02M
NOI $181,412 @ 7.0% cap · market cap 5.85%
Second Best
Mixed Use
$1.96M
$1.72M – $2.29M
NOI $137,323 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,263 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,692
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building with vacant retail and basement space plus a month-to-month office tenancy.
Where is this mixed-use property located?
The property is located at 223 Brighton Beach Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Ground‑floor retail space and full basement delivered vacant at closing; Second‑floor office occupied by one tenant on a month‑to‑month lease; Located beneath the Brighton Beach subway station
