Mixed-Use Townhouse with
251 Bergen Street Brooklyn, NY 11217
251 Bergen Street, Brooklyn, NY, 11217
$2,200,000
For Sale
$2,200,000
Ground-floor deli with four residential apartments above, generating in-place rental income with an active retail lease.
Property Size3,204 SF
Price / SF$686.64
Days on Market65
Property Features for 251 Bergen Street
General Information
- Standard status
- Active
- Size
- 3,204 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1900
Listing agency
R New York
(347) 860-0582
Listed by
Dosta Dedic · License #10401251825
(347) 860-0582
Source
Compass
Added: May 19 Updated: Jul 21 at 2:52PM Checked: Jul 22 at 9:19AM
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 R New York
Investment Insights
Based on property information with market context.
This mixed-use townhouse features a ground-floor deli and four residential apartments above. The commercial space is currently occupied by an established deli with approximately three years remaining on the lease and includes built-in 5% annual escalations.
The asset is listed for sale as a combined income property with in-place revenue from both the retail and residential components, with the potential for continued growth through the residential management.
With five units total across retail and apartments, the property offers a straightforward live/work-style configuration in a classic mixed-use format.
The asset is listed for sale as a combined income property with in-place revenue from both the retail and residential components, with the potential for continued growth through the residential management.
With five units total across retail and apartments, the property offers a straightforward live/work-style configuration in a classic mixed-use format.
Key Highlights
- Mixed‑use townhouse with a ground‑floor deli and four residential apartments above
- Commercial space is leased to an established deli with approximately 3 years remaining on the lease
- Retail lease includes built‑in 5% annual escalations
Local Financial Insights For Specialty Retail
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 | $269.1k | $84.00 |
| − Vacancy | −$21.5k | −$6.72 |
| EGI | $247.6k | $77.28 |
| − OpEx | −$61.9k | −$19.32 |
| NOI | $185.7k | $57.96 |
3,204 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.65M
$2.32M – $3.10M
NOI $185,704 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,815 @ 7.0% cap · market cap 4.45%
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
Boerum Hill Handyman ...
Hardware & Home Improvement
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FAQs
What type of property is this?
Residential income property - Ground-floor deli with four residential apartments above, generating in-place rental income with an active retail lease.
Where is this residential income property located?
The property is located at 251 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Mixed‑use townhouse with a ground‑floor deli and four residential apartments above; Commercial space is leased to an established deli with approximately 3 years remaining on the lease; Retail lease includes built‑in 5% annual escalations
