Corner Mixed-Use Investment
2283 65th Street Brooklyn, NY 11204
2283 65th Street, Brooklyn, NY, 11204
$2,400,000
For Sale
$2,400,000
Mixed-use corner property with four apartments plus two income-producing retail/restaurant spaces.
Property Size5,350 SF
Price / SF$448.60
Days on Market142
Property Features for 2283 65th Street
General Information
- Standard status
- Active
- Size
- 5,350 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1926
Listing agency
Compass
(917) 992-4905
Listed by
Athena Salavantis · License #10301218981
(917) 992-4905
Source
Compass
Added: Mar 2 Updated: Jul 21 at 4:08AM Checked: Jul 21 at 4:08AM
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
Investment Insights
Based on property information with market context.
This well-maintained mixed-use corner building includes four residential apartments along with two commercial income-producing spaces. The residential component consists of two 2-bedroom apartments, one 3-bedroom apartment, and one 1-bedroom apartment, with one unit fully gut renovated. Common hallways are newly tiled, and the basement and common areas are described as being in excellent condition.
The commercial component features a high-visibility corner hardware store and a side restaurant, both generating rental income. The property is reported to have undergone recent upgrades, including new exterior pointing, new parapet walls on the roof, an updated heating system, an updated electrical system, and a maintained roof.
Offered for sale as a mixed-use investment, the building combines residential rental units with established commercial tenancy under the current arrangements described in the remarks.
The commercial component features a high-visibility corner hardware store and a side restaurant, both generating rental income. The property is reported to have undergone recent upgrades, including new exterior pointing, new parapet walls on the roof, an updated heating system, an updated electrical system, and a maintained roof.
Offered for sale as a mixed-use investment, the building combines residential rental units with established commercial tenancy under the current arrangements described in the remarks.
Key Highlights
- 1926‑built Bensonhurst mixed‑use corner building with 4 apartments plus 2 income‑producing retail/restaurant spaces
- Commercial includes a high‑visibility corner hardware store with a new 10‑year lease and a side restaurant, both generating rental income
- Apartment mix: two 2‑bedroom units, one 3‑bedroom unit, and one 1‑bedroom unit; one unit was fully gut renovated
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $353.1k | $66.00 |
| − Vacancy | −$42.4k | −$7.92 |
| EGI | $310.7k | $58.08 |
| − OpEx | −$116.5k | −$21.78 |
| NOI | $194.2k | $36.30 |
5,350 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$4.43M
$3.88M – $5.17M
NOI $310,086 @ 7.0% cap · market cap 12.92%
Second Best
Retail
$3.67M
$3.21M – $4.28M
NOI $256,557 @ 7.0% cap · market cap 10.69%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Djerdan Burek
Restaurant
Economy Hardware
Building Supply
UPS Access Point ...
Courier Service
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Mixed-use corner property with four apartments plus two income-producing retail/restaurant spaces.
Where is this quadplex located?
The property is located at 2283 65th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 1926‑built Bensonhurst mixed‑use corner building with 4 apartments plus 2 income‑producing retail/restaurant spaces; Commercial includes a high‑visibility corner hardware store with a new 10‑year lease and a side restaurant, both generating rental income; Apartment mix: two 2‑bedroom units, one 3‑bedroom unit, and one 1‑bedroom unit; one unit was fully gut renovated
