Building Details

Buildings 1

Stories 2

Construction brick

Tenancy Multi

Listing Agency: Real Broker NY LLC

Listed By: Getman Megan Moy Show Phone

Source: Prideestates

Added: Oct 12 Changed: Oct 13 Last Checked: Oct 16 at 8:30AM

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Investment Insights

Based on property information with market context.

This brick mixed-use building combines a ground-floor storefront with a large basement suited for storage. The second floor contains a three-bedroom, one-bath apartment. The property totals 1,600 square feet and occupies a 20-by-100-foot lot.

N and F train service is nearby. Shopping and bus service are available along Bay Parkway and Kings Highway.

Key Highlights

• 1,600‑square‑foot brick mixed‑use building
• Ground‑floor storefront with a large basement for storage
• Second‑floor apartment with three bedrooms and one bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,727

Cap Rate

5.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,534,540 $1.5M

Cap Rate 7%

$1,096,100 $1.1M

Cap Rate 9%

$852,522 $852.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$124.4K $77.76/SF

− Vacancy

−$14.8K −$9.25/SF

EGI

$109.6K $68.51/SF

− OpEx

−$32.9K −$20.55/SF

NOI

$76.7K $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%

$1,534,540

Cap Rate 7%

$1,096,100

Cap Rate 9%

$852,522

Alternative Uses

Best Use

Retail

$1.10M

$959.1K – $1.28M (±1% cap)

NOI $76,727 @ 7.0% cap · market cap 5.90%

Second Best

Mixed Use

$829.7K

$726.0K – $968.0K (±1% cap)

NOI $58,080 @ 7.0% cap · market cap 4.47%

Theoretical Best

Specialty Retail

$1.32M

$1.16M – $1.55M (±1% cap)

NOI $92,736 @ 7.0% cap · market cap 7.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hotel & Motel Cosmetic Store Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

2,891

Businesses Nearby

65k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 50% Groceries 33% Dining 12% Electronics 6%

Key Food Groceries

17,722 visits/mo 0.5 miles

Sunoco Shops & Services

15,934 visits/mo 0.1 miles

Chase Bank Shops & Services

13,664 visits/mo 0.3 miles

Dunkin' Donuts Dining

5,859 visits/mo 0.2 miles

C-Town Supermarkets Groceries

3,615 visits/mo 0.1 miles

Demographics for 11223, NY

83,519

Population

28,857

Households

2.9

Avg Household Size

37

Median Age

34%

College-Educated

78%

High-School Grad

2.1 sq mi

ZIP Area

39,771

Density / Sq Mi

$63,950

Median Household Income

$40,592

Median Earnings

$1,653

Median Rent

$1,063,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A second-floor apartment sits above a ground-level retail space, with basement storage and R5 zoning.

Where is this mixed-use property located?

The property is located at 2847 86th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 1,600‑square‑foot brick mixed‑use building; Ground‑floor storefront with a large basement for storage; Second‑floor apartment with three bedrooms and one bathroom