Three-Story Mixed-Use
3007 Fort Hamilton Parkway, Brooklyn, NY 11218
For Sale
$3,597,000
Ground-floor restaurant space is paired with five free-market apartments in a diversified residential and commercial configuration.
Property Size5,271 SF
Lot Size0.05 Acres
Price / SF$682.41
Days on Market52
Property Features for 3007 Fort Hamilton Parkway
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
MeiJuan (Mandy) Jiang · License #MJ7493
(718) 680-2776
Source:
Penrealty
Added: Sep 17
Changed: Nov 5
Last Checked: Nov 6 at 6:00PM
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 E House Realty & Mgt. Inc.
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Investment Insights
Based on property information with market context.
Built in 1931, this three-story mixed-use property combines a ground-floor commercial space currently used as a pizza restaurant with five free-market apartments. The residential component includes one two-bedroom duplex, two two-bedroom apartments, and two one-bedroom apartments, creating six income-producing units in total. The building occupies a 22 x 100 lot and measures approximately 22 x 80.
The property is located on Fort Hamilton Parkway in Brooklyn’s Windsor Terrace, approximately 0.2 miles from the Fort Hamilton Parkway F/G subway station. Prospect Park, shopping, restaurants, cafes, and other neighborhood amenities are nearby. Residential tenants pay their own heat and hot water, a structure that limits the owner’s responsibility for those utilities.
The property is located on Fort Hamilton Parkway in Brooklyn’s Windsor Terrace, approximately 0.2 miles from the Fort Hamilton Parkway F/G subway station. Prospect Park, shopping, restaurants, cafes, and other neighborhood amenities are nearby. Residential tenants pay their own heat and hot water, a structure that limits the owner’s responsibility for those utilities.
Key Highlights
- Six income‑producing units: one commercial space and five free‑market apartments
- Residential mix includes one 2‑bedroom duplex, two 2‑bedroom apartments, and two 1‑bedroom apartments
- Ground‑floor commercial space currently operating as a pizza restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$305,507
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,110,140
$6.1M
Cap Rate 7%
$4,364,386
$4.4M
Cap Rate 9%
$3,394,522
$3.4M
Market Conditions
NOI Build-Up for 5,271 SF
Gross rent
$442.8K $84.00/SF
− Vacancy
−$35.4K −$6.72/SF
EGI
$407.3K $77.28/SF
− OpEx
−$101.8K −$19.32/SF
NOI
$305.5K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,110,140
Cap Rate 7%
$4,364,386
Cap Rate 9%
$3,394,522
Alternative Uses
Best Use
Specialty Retail
$4.36M
$3.82M – $5.09M
NOI $305,507 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$2.73M
$2.39M – $3.19M
NOI $191,337 @ 7.0% cap · market cap 5.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,612
Businesses Nearby
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Business Placement
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
$914,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor restaurant space is paired with five free-market apartments in a diversified residential and commercial configuration.
Where is this mixed-use property located?
The property is located at 3007 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,597,000.
What are key features of this property?
This property features: Six income‑producing units: one commercial space and five free‑market apartments; Residential mix includes one 2‑bedroom duplex, two 2‑bedroom apartments, and two 1‑bedroom apartments; Ground‑floor commercial space currently operating as a pizza restaurant
