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Mixed-Use Building Near Kings Hwy

284 Kings Hwy, Brooklyn, NY 11223

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For Sale

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Mixed-use building with retail and residential units near transportation.

Type:Mixed Use

Property size:

6,700 SF

Price / SF:

$582/SF

HighLights

Prime location: Right by the Kings Hwy N train station.
Mixed‑use building with two stores and four residential units.
Existing rental income from two commercial tenants with lease terms in place.
Deli store lease with 7 years remaining and scheduled rent increases.
Restaurant lease with 4 years remaining and scheduled rent increases.
All residential units are currently leased until September 2026.

We can help!

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Shaojie Liang

For Sale

Contact for pricing

Mixed-use building with retail and residential units near transportation.

Type:Mixed Use

Property size:

6,700 SF

Price / SF:

$582/SF

Added:: Mar 14, 2026
Days on Market:: 112
Last Refresh:: Mar 19 at 11:19 pm

Property Features for 284 Kings Hwy

General Information

Standard status: Active
Size: 6,700 SF
Property subtype: Mixed Use

Building Details

Year Built: 1931

We can help!

Contact an agent

Shaojie Liang

Listing office ProBase Real Estate

Listing date Mar 14, 2026

Source Crexi

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 ProBase Real Estate

HighLights

Prime location: Right by the Kings Hwy N train station.
Mixed‑use building with two stores and four residential units.
Existing rental income from two commercial tenants with lease terms in place.
Deli store lease with 7 years remaining and scheduled rent increases.
Restaurant lease with 4 years remaining and scheduled rent increases.
All residential units are currently leased until September 2026.

Overview

This mixed-use building presents an investment opportunity. The property features two stores and four residential units. One store is currently leased as a deli with 7 years remaining on the lease, with a current rent of $5,850 and a $175 rent increment every July. The other store is leased as a restaurant, with 4 years remaining on the lease, with a current rent of $4,200 and a $150 rent increment every April. All residential units are leased until September 2026. The building also includes a full finished basement. The property is located near the Kings Hwy N train station and has a size of 6,700 square feet.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$521.0k	$77.76
− Vacancy	−$62.0k	−$9.25
EGI	$459.0k	$68.51
− OpEx	−$137.7k	−$20.55
NOI	$321.3k	$47.95

6,700 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$4.59M

$4.02M – $5.35M (±1% cap)

NOI $321,296 @ 7.0% cap · market cap 8.24%

Second Best

Mixed Use

$3.47M

$3.04M – $4.05M (±1% cap)

NOI $243,210 @ 7.0% cap · market cap 6.24%

Theoretical Best

Specialty Retail

$5.55M

$4.85M – $6.47M (±1% cap)

NOI $388,332 @ 7.0% cap · market cap 9.96%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Deli & Grill Grocery & Convenience Store Great Wall Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.97966
Latitude: 40.604894

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For sale
Mixed-use properties
NY
Brooklyn
11223
284 Kings Hwy

What type of property is this?

Mixed-use property - Mixed-use building with retail and residential units near transportation.

Where is this mixed-use property located?

The property is located at 284 Kings Hwy Brooklyn, NY.

What is the asking price?

The asking price for this property is $3,900,000.

What are key features of this property?

This property features: Prime location: Right by the Kings Hwy N train station.; Mixed‑use building with two stores and four residential units.; Existing rental income from two commercial tenants with lease terms in place.