Six-Story Elevator Mixed-Use
For Sale
Contact for pricing
2708-2718 Church Ave, Brooklyn, NY 11226
Completed in 2024, the property combines residential, commercial, and community-oriented space.
Property Size84,837 SF
Price / SF$660.09
Days on Market65
Property Features for 2708-2718 Church Ave
General Information
Standard status
Active
Size
84,837 SF
Total Parking Spaces
35
Elevators
Yes
Property subtype
Multifamily, Retail
Zoning
R6, C2-3, C1-3
Net Operating Income
$4,048,350
Additional Details
Public Transit
Yes
Multifamily Units
69
Amenities
gym
bike room
virtual doorman
recreation center
central laundry
secure storage
roof deck
wraparound terrace
Building Details
Year Built
2024
Buildings
1
Stories
6
Units
69
Tenancy
Multi
Listing Agency:
Alpha Realty NY
Listed By:
Lev Mavashev · License #NY 10351208812
Source:
Crexi
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 19 at 4:25AM
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 Alpha Realty NY
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2024, this elevator-served mixed-use property contains 69 residential apartments, 2 commercial spaces, and a dedicated community facility. The six-story building also includes 35 on-site parking spaces, a state-of-the-art gym, bike room, virtual doorman system, recreation center, central laundry, secure storage, roof deck, and wraparound terrace.
The property is located at 2708-2718 Church Ave in Brooklyn, with the Church Avenue subway station within short walking distance. Zoning is identified as R6, C2-3, and C1-3. A 35-year Affordable NY Tax Abatement is in place, with the residential component comprising 70% free-market units and 30% affordable housing.
The property is located at 2708-2718 Church Ave in Brooklyn, with the Church Avenue subway station within short walking distance. Zoning is identified as R6, C2-3, and C1-3. A 35-year Affordable NY Tax Abatement is in place, with the residential component comprising 70% free-market units and 30% affordable housing.
Key Highlights
- 69 residential apartments, 2 commercial spaces, and a dedicated community facility
- 35‑year Affordable NY Tax Abatement
- 70% free‑market units and 30% affordable housing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,988,851
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$39,777,020
$39.8M
Cap Rate 7%
$28,412,157
$28.4M
Cap Rate 9%
$22,098,344
$22.1M
Market Conditions
NOI Build-Up for 84,837 SF
Gross rent
$3.77M $44.40/SF
− Vacancy
−$150.7K −$1.78/SF
EGI
$3.62M $42.62/SF
− OpEx
−$1.63M −$19.18/SF
NOI
$1.99M $23.44/SF
Area
ZIP 11226
Vacancy
4.00%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$39,777,020
Cap Rate 7%
$28,412,157
Cap Rate 9%
$22,098,344
Alternative Uses
Best Use
Apartment 5plus
$28.41M
$24.86M – $33.15M
NOI $1,988,851 @ 7.0% cap · market cap 3.55%
Second Best
Mixed Use
$26.91M
$23.54M – $31.39M
NOI $1,883,381 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$41.93M
$36.69M – $48.92M
NOI $2,935,224 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
69
Residential units
Location Intelligence
Trade Area within ½ mile
6,725
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Completed in 2024, the property combines residential, commercial, and community-oriented space.
Where is this mixed-use property located?
The property is located at 2708-2718 Church Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $56,000,000.
What are key features of this property?
This property features: 69 residential apartments, 2 commercial spaces, and a dedicated community facility; 35‑year Affordable NY Tax Abatement; 70% free‑market units and 30% affordable housing
