Three-Story Mixed-Use Corner
For Sale
$1,500,000
Pending
267 Troy Avenue, Brooklyn, NY 11213
Mixed-use property with two ground-floor commercial spaces and two upper-level residential units.
Property Size3,300 SF
Lot Size0.03 Acres
Days on Market286
Property Features for 267 Troy Avenue
General Information
Standard status
Pending
Size
3,300 SF
Lot size
0.03 Acres
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Amenities
No
Other
3
Good
Building Details
Year Built
1925
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Corcoran Group
(347) 512-9974
Listed By:
Lisa James · License #10401215017
(347) 512-9974
Source:
Compass
Added: Nov 19, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:38AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Built in 1925, this three-story mixed-use building combines two ground-floor commercial spaces with residential accommodations on the upper levels. The property contains approximately 3,300 square feet on a 20 ft x 55 ft lot, with a 31-foot roof height. One commercial space occupies the Troy Avenue corner, while a second storefront fronts Lincoln Place. Each of the two residential floors includes a 3-bedroom, 1-bathroom unit with spacious proportions and pre-war character.
The building sits at the intersection of Troy Avenue and Lincoln Place in Brooklyn. Its corner position provides exposure to both streets, with nearby cafés, shops, parks, and transit connections. Subway access includes the A/C and 3/4 lines, serving Downtown Brooklyn and Manhattan.
The building sits at the intersection of Troy Avenue and Lincoln Place in Brooklyn. Its corner position provides exposure to both streets, with nearby cafés, shops, parks, and transit connections. Subway access includes the A/C and 3/4 lines, serving Downtown Brooklyn and Manhattan.
Key Highlights
- Approximately 3,300 square feet on a 20 ft x 55 ft lot
- Two ground‑floor commercial spaces, including a corner space on Troy Avenue
- Two residential units, each with 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$119,790
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,395,800
$2.4M
Cap Rate 7%
$1,711,286
$1.7M
Cap Rate 9%
$1,331,000
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
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.
Gross rent
$217.8K $66.00/SF
− Vacancy
−$26.1K −$7.92/SF
EGI
$191.7K $58.08/SF
− OpEx
−$71.9K −$21.78/SF
NOI
$119.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,395,800
Cap Rate 7%
$1,711,286
Cap Rate 9%
$1,331,000
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,250 @ 7.0% cap · market cap 10.55%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,790 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,535
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 34%
Groceries 15%
Electronics 8%
White Castle
Dining
16,363 visits/mo
0.5 miles
Bank of America
Shops & Services
8,418 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,366 visits/mo
0.5 miles
C-Town Supermarkets
Groceries
7,088 visits/mo
0.4 miles
Boost Mobile
Electronics
3,194 visits/mo
0.3 miles
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two ground-floor commercial spaces and two upper-level residential units.
Where is this mixed-use property located?
The property is located at 267 Troy Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,300 square feet on a 20 ft x 55 ft lot; Two ground‑floor commercial spaces, including a corner space on Troy Avenue; Two residential units, each with 3 bedrooms and 1 bathroom
