Mixed-Use Building with
For Sale
$3,490,000
308 Hooper Street, Brooklyn, NY 11211
The property combines ground-floor retail space with six residential apartments in a mixed-use configuration.
Property Size5,875 SF
Price / SF$594.04
Days on Market101
Property Features for 308 Hooper Street
General Information
Standard status
Active
Size
5,875 SF
Property subtype
Commercial
Zoning
R6
Additional Details
Public Transit
Yes
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$15,028
Building Details
Building Size
5,875 SF
Year Built
1910
Buildings
3
Stories
4
Units
8
Listing Agency:
Promise Realty LLC
(718) 445-0000
Listed By:
Young Ho Kim CCIM E-PRO PSA
(917) 886-4005
Source:
Clairedleone
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 3:46PM
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 Promise Realty LLC
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Investment Insights
Based on property information with market context.
Built in 1910, this 5,875-square-foot mixed-use property contains two retail storefronts and six apartments. The building is zoned R6.
The M and J subway lines are within walking distance. The combination of retail and residential space forms the property’s existing configuration.
The M and J subway lines are within walking distance. The combination of retail and residential space forms the property’s existing configuration.
Key Highlights
- 5,875‑square‑foot mixed‑use property
- Two retail storefronts and six apartments
- R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,733
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,634,660
$5.6M
Cap Rate 7%
$4,024,757
$4.0M
Cap Rate 9%
$3,130,367
$3.1M
Market Conditions
NOI Build-Up for 5,875 SF
Gross rent
$456.8K $77.76/SF
− Vacancy
−$54.4K −$9.25/SF
EGI
$402.5K $68.51/SF
− OpEx
−$120.7K −$20.55/SF
NOI
$281.7K $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%
$5,634,660
Cap Rate 7%
$4,024,757
Cap Rate 9%
$3,130,367
Alternative Uses
Best Use
Specialty Retail
$4.86M
$4.26M – $5.68M
NOI $340,515 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$4.02M
$3.52M – $4.70M
NOI $281,733 @ 7.0% cap · market cap 8.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
8,071
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor retail space with six residential apartments in a mixed-use configuration.
Where is this mixed-use property located?
The property is located at 308 Hooper Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: 5,875‑square‑foot mixed‑use property; Two retail storefronts and six apartments; R6 zoning
