Mixed-Use Building with
For Sale
$1,249,000
300 Albany Avenue, Brooklyn, NY 11213
Two three-bedroom apartments are paired with a ground-level retail space and a basement bathroom.
Property Size3,300 SF
Price / SF$378.48
Days on Market8
Property Features for 300 Albany Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Mixed Use
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Additional Details
Mixed-Use Components
residential, retail
Taxes and HOA fees
Annual Taxes
$17,562
Building Details
Building Size
3,300 SF
Year Built
1910
Buildings
1
Listing Agency:
GEO Real Estate Group Inc
Listed By:
Gene (Eugene) Burshtein
(718) 338-8833
Source:
Penrealty
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 26 at 3:42PM
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 GEO Real Estate Group Inc
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Investment Insights
Based on property information with market context.
This 3,300-square-foot mixed-use building, constructed in 1910, contains two three-bedroom apartments above a vacant storefront. A full basement with a bathroom adds space to the property’s existing configuration.
Located on Albany Avenue in Brooklyn’s Crown Heights neighborhood, the building combines residential units and ground-floor retail space.
Located on Albany Avenue in Brooklyn’s Crown Heights neighborhood, the building combines residential units and ground-floor retail space.
Key Highlights
- Two three‑bedroom apartments
- Vacant storefront at ground level
- Full basement includes a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,746
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,920
$2.0M
Cap Rate 7%
$1,439,229
$1.4M
Cap Rate 9%
$1,119,400
$1.1M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$186.9K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$183.2K $55.51/SF
− OpEx
−$82.4K −$24.98/SF
NOI
$100.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,014,920
Cap Rate 7%
$1,439,229
Cap Rate 9%
$1,119,400
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,250 @ 7.0% cap · market cap 12.67%
Second Best
Mixed Use
$1.71M
$1.50M – $2.00M
NOI $119,790 @ 7.0% cap · market cap 9.59%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two three-bedroom apartments are paired with a ground-level retail space and a basement bathroom.
Where is this mixed-use property located?
The property is located at 300 Albany Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: Two three‑bedroom apartments; Vacant storefront at ground level; Full basement includes a bathroom
