Mixed-Use Property with
New
For Sale
$1,449,000
27 Church Avenue, Brooklyn, NY 11218
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 Market2
Property Features for 27 Church Avenue
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Mixed Use
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Prideestates
Added: Sep 29
Last Checked: Sep 30 at 11:18AM
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
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 = 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
$62,341
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
4.30%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
