Mixed-Use Corner Property with
2579 Cropsey Avenue Brooklyn, NY 11214
2579 Cropsey Avenue, Brooklyn, NY, 11214
$2,999,999
For Sale
$2,999,999
Well-maintained corner mixed-use building with street-level retail and two apartments above.
Property Size3,665 SF
Price / SF$818.55
Days on Market91
Property Features for 2579 Cropsey Avenue
General Information
- Standard status
- Active
- Size
- 3,665 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
SI Premiere Properties
(718) 667-6400
Listed by
Gregory A. Diaz · License #gd5444
(718) 667-6400
Source
Compass
Added: Apr 23 Updated: Jul 21 at 12:17PM Checked: Jul 22 at 9:15AM
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 SI Premiere Properties
Investment Insights
Based on property information with market context.
This prime mixed-use corner property offers approximately 3,665 square feet of building space in a well-maintained configuration. The street level includes two established commercial businesses: a restaurant/gourmet pizzeria and an ice shop. Above the retail level are two residential apartments, including a 2-bedroom unit and a 3-bedroom unit with an updated kitchen, hardwood floors, and access to a large private terrace. The property also features a private driveway and an unfinished basement that can provide substantial storage and potential for future customization.
Additional practical highlights include that the major mechanical systems are less than 10 years old, including the roof, steam heating system, plumbing system, and electrical system. The corner positioning supports strong street presence with direct exposure from two sides.
A turnkey ownership opportunity for an owner-operator or investor seeking both residential rental income and ongoing commercial business operations in a single mixed-use asset.
Additional practical highlights include that the major mechanical systems are less than 10 years old, including the roof, steam heating system, plumbing system, and electrical system. The corner positioning supports strong street presence with direct exposure from two sides.
A turnkey ownership opportunity for an owner-operator or investor seeking both residential rental income and ongoing commercial business operations in a single mixed-use asset.
Key Highlights
- Mixed‑use corner building on Kings County with approx. 3,665 SF: street‑level restaurant/gourmet pizzeria and ice shop, plus 2 apartments above
- Two residential apartments above retail: one 2‑bedroom unit and one 3‑bedroom unit with updated kitchen, hardwood floors, and access to a private terrace
- Unfinished full basement plus block foundation for storage and potential expansion/customization
Local Financial Insights For Multifamily LT 5
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 | $149.5k | $40.80 |
| − Vacancy | −$6.7k | −$1.84 |
| EGI | $142.8k | $38.96 |
| − OpEx | −$42.8k | −$11.69 |
| NOI | $100.0k | $27.27 |
3,665 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,962 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,589 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,659 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Casa Bella
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Well-maintained corner mixed-use building with street-level retail and two apartments above.
Where is this mixed-use property located?
The property is located at 2579 Cropsey Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Mixed‑use corner building on Kings County with approx. 3,665 SF: street‑level restaurant/gourmet pizzeria and ice shop, plus 2 apartments above; Two residential apartments above retail: one 2‑bedroom unit and one 3‑bedroom unit with updated kitchen, hardwood floors, and access to a private terrace; Unfinished full basement plus block foundation for storage and potential expansion/customization
