Mixed-Use Property with Medical
3019 Ave U, Brooklyn, NY 11229
For Sale
New
$2,498,000
Commercial Sale, Brooklyn, NY
Property Size6,000 SF
Lot Size0.09 Acres
Price / SF$1,249
Days on Market5
Property Features for 3019 Ave U
General Information
Property type
Property subtype
Subdivision
High school district
Standard status
Lot size
Additional Details
Property Use
Building Details
Architectural style
Buildings
Listing Agency:
Compass
(646) 982-0353
Listed By:
Peter Athanasopoulos
Added: Nov 9
Changed: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 12062047
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-story mixed-use building provides approximately 4,000 square feet above grade, with a 2,000-square-foot basement below. The ground level contains approximately 2,000 square feet of medical office space, arranged with about seven examination and treatment rooms, reception and waiting areas, and supporting facilities. A three-bedroom apartment of approximately 2,000 square feet occupies the second floor. Both levels are vacant, and the property requires renovation and modernization. Rear parking is also available.
The lot measures 40' x 100'. The property is in an R4 zoning district with a C1-2 commercial overlay. Shopping, dining, public transportation, and major thoroughfares are identified among the nearby area amenities.
The lot measures 40' x 100'. The property is in an R4 zoning district with a C1-2 commercial overlay. Shopping, dining, public transportation, and major thoroughfares are identified among the nearby area amenities.
Key Highlights
- Approximately 4,000 square feet of above‑grade space, plus a 2,000‑square‑foot basement
- Ground‑floor medical office includes approximately seven examination and treatment rooms, reception and waiting areas
- Second‑floor apartment measures approximately 2,000 square feet and has three bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,600
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
$1.5M
Cap Rate 7%
$1,037,143
$1.0M
Cap Rate 9%
$806,667
$806.7K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$132.0K $66.00/SF
− Vacancy
−$15.8K −$7.92/SF
EGI
$116.2K $58.08/SF
− OpEx
−$43.6K −$21.78/SF
NOI
$72.6K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,452,000
Cap Rate 7%
$1,037,143
Cap Rate 9%
$806,667
Alternative Uses
Best Use
Mixed Use
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 2.91%
Second Best
Office B
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 2.00%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant commercial and residential floors offer separate spaces for business and living uses.
Where is this mixed-use property located?
The property is located at 3019 Ave U Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,498,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of above‑grade space, plus a 2,000‑square‑foot basement; Ground‑floor medical office includes approximately seven examination and treatment rooms, reception and waiting areas; Second‑floor apartment measures approximately 2,000 square feet and has three bedrooms
