Corner Mixed-Use
New
For Sale
$9,500,000
306 Graham Ave, Brooklyn, NY 11211
At Graham Avenue and Ainslie Street, the property occupies a corner position in Brooklyn’s Williamsburg section.
Property Size12,780 SF
Days on Market2
Property Features for 306 Graham Ave
General Information
Standard status
Active
Size
12,780 SF
Property subtype
Mixed-Use
Occupancy
88%
Amenities
Statutorily Free Market Corner Mixed Use Elevator Building
5 Free Market Loft Style Apartments | 3 Retail Units | 1 Office Unit
Versatile Property with multiple Value Add Options
Third Floor Office Space Convertible to 4 Apartments | Floor Accessible by Elevator
R6A/C2-4 Zoning Allowing for approximately 2,200 SF of Available Air Rights
Two Subway Stops into Manhattan | Two Blocks to L Subway Line
Building Details
Building Size
12,780 SF
Units
9
Listing Agency:
Marcus & Millichap | Manhattan
Listed By:
Matt Fotis · License #License(s): NY: 10301207136
(212) 430-5234
Source:
Marcusmillichap
Added: Oct 19
Last Checked: Oct 19 at 2:42PM
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 Marcus & Millichap | Manhattan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property is located at 306 Graham Ave in Brooklyn, New York. It occupies the corner of Graham Avenue and Ainslie Street in the Williamsburg section.
Key Highlights
- Corner location at Graham Avenue and Ainslie Street in Williamsburg
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$463,914
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,278,280
$9.3M
Cap Rate 7%
$6,627,343
$6.6M
Cap Rate 9%
$5,154,600
$5.2M
Market Conditions
NOI Build-Up for 12,780 SF
Gross rent
$843.5K $66.00/SF
− Vacancy
−$101.2K −$7.92/SF
EGI
$742.3K $58.08/SF
− OpEx
−$278.3K −$21.78/SF
NOI
$463.9K $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%
$9,278,280
Cap Rate 7%
$6,627,343
Cap Rate 9%
$5,154,600
Alternative Uses
Best Use
Mixed Use
$6.63M
$5.80M – $7.73M
NOI $463,914 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.58M
$9.26M – $12.35M
NOI $740,729 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,318
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - At Graham Avenue and Ainslie Street, the property occupies a corner position in Brooklyn’s Williamsburg section.
Where is this mixed-use property located?
The property is located at 306 Graham Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Corner location at Graham Avenue and Ainslie Street in Williamsburg
