Mixed-Use Property with
New
For Sale
$1,399,000
2487 65th Street, Brooklyn, NY 11204
Two residential apartments occupy the second floor above a street-level commercial space with entrances on two roads.
Property Size2,694 SF
Price / SF$519.30
Days on Market3
Property Features for 2487 65th Street
General Information
Standard status
Active
Size
2,694 SF
Property subtype
Mixed Use
Site & Location
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
retail, residential
Additional Details
Multifamily Units
2
Listing Agency:
Bay Sun Realty Inc.
Listed By:
Chun Sung Ng Richard · License #CN1448
(718) 234-7777
Source:
Prideestates
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:39AM
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 Bay Sun Realty Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a ground-floor storefront with two residential units on the second floor. The commercial space has separate entrances on 65th Street and Dahill Road. The building measures 2,694 square feet and has a new roof and a newer heating unit.
The property is in Brooklyn’s business district, with the F train at Avenue P Station a three-minute walk away. The N train at Bay Parkway Station and MTA bus service along Bay Parkway are also nearby. Schools, shops, and restaurants are in the surrounding area.
The property is in Brooklyn’s business district, with the F train at Avenue P Station a three-minute walk away. The N train at Bay Parkway Station and MTA bus service along Bay Parkway are also nearby. Schools, shops, and restaurants are in the surrounding area.
Key Highlights
- 2,694‑square‑foot mixed‑use property
- One storefront with entrances on 65th Street and Dahill Road
- Two residential units on the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,792
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,840
$2.0M
Cap Rate 7%
$1,397,029
$1.4M
Cap Rate 9%
$1,086,578
$1.1M
Market Conditions
NOI Build-Up for 2,694 SF
Gross rent
$177.8K $66.00/SF
− Vacancy
−$21.3K −$7.92/SF
EGI
$156.5K $58.08/SF
− OpEx
−$58.7K −$21.78/SF
NOI
$97.8K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,955,840
Cap Rate 7%
$1,397,029
Cap Rate 9%
$1,086,578
Alternative Uses
Best Use
Retail
$1.85M
$1.61M – $2.15M
NOI $129,190 @ 7.0% cap · market cap 9.23%
Second Best
Mixed Use
$1.40M
$1.22M – $1.63M
NOI $97,792 @ 7.0% cap · market cap 6.99%
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,144 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,341
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential apartments occupy the second floor above a street-level commercial space with entrances on two roads.
Where is this mixed-use property located?
The property is located at 2487 65th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 2,694‑square‑foot mixed‑use property; One storefront with entrances on 65th Street and Dahill Road; Two residential units on the second floor
