Mixed-Use Property with
27 Church Avenue, Brooklyn, NY 11218
For Sale
$1,449,000
A second-floor two-bedroom residence sits above a ground-level commercial suite, with a finished basement below.
Property Size1,300 SF
Price / SF$1,114
Days on Market48
Property Features for 27 Church Avenue
General Information
Standard status
Size
Property subtype
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo
(718) 532-2000
Source:
Prideestates
Added: Sep 29
Changed: Nov 13
Last Checked: Nov 14 at 5:25AM
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 RE/MAX Real Estate Professiona
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Investment Insights
Based on property information with market context.
This mixed-use property at 27 Church Avenue combines a ground-floor commercial space with a second-floor, two-bedroom residence. The apartment includes a living room, kitchen, full bathroom, and private balcony. The property has been renovated, with custom kitchen cabinetry, Italian tile flooring, and updated plumbing and electrical systems noted in the improvements.
A finished basement with high ceilings is accessible from the side of the building. The commercial level has a flexible layout described as suitable for retail, professional, or service businesses. The first floor may also be converted to an apartment, according to the property information.
A finished basement with high ceilings is accessible from the side of the building. The commercial level has a flexible layout described as suitable for retail, professional, or service businesses. The first floor may also be converted to an apartment, according to the property information.
Key Highlights
- Two‑bedroom apartment on the second floor
- Private balcony serving the second‑floor residence
- Finished basement with high ceilings and side access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,341
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,820
$1.2M
Cap Rate 7%
$890,586
$890.6K
Cap Rate 9%
$692,678
$692.7K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$101.1K $77.76/SF
− Vacancy
−$12.0K −$9.25/SF
EGI
$89.1K $68.51/SF
− OpEx
−$26.7K −$20.55/SF
NOI
$62.3K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,246,820
Cap Rate 7%
$890,586
Cap Rate 9%
$692,678
Alternative Uses
Best Use
Retail
$890.6K
$779.3K – $1.04M
NOI $62,341 @ 7.0% cap · market cap 4.30%
Second Best
Mixed Use
$674.1K
$589.9K – $786.5K
NOI $47,190 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,140
Businesses Nearby
176k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 33%
Groceries 27%
Home Improvements & Furnishings 2%
Super Foodtown
Groceries
44,026 visits/mo
0.2 miles
McDonald's
Dining
28,023 visits/mo
0.3 miles
Mobil
Shops & Services
22,725 visits/mo
0.4 miles
Burger King
Dining
17,687 visits/mo
0.3 miles
Shell
Shops & Services
14,972 visits/mo
0.3 miles
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A second-floor two-bedroom residence sits above a ground-level commercial suite, with a finished basement below.
Where is this mixed-use property located?
The property is located at 27 Church Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Two‑bedroom apartment on the second floor; Private balcony serving the second‑floor residence; Finished basement with high ceilings and side access
