Two-Story Mixed-Use Retail
For Sale
$2,800,000
310-312 Avenue U, Brooklyn, NY 11223
Two-story mixed-use retail building near the Avenue U subway station, with bus service nearby.
Property Size3,086 SF
Days on Market68
Property Features for 310-312 Avenue U
General Information
Standard status
Active
Size
3,086 SF
Property subtype
Street Retail
Building Details
Building Size
3,086 SF
Stories
2
Listing Agency:
Tri State Commercial Realty
Listed By:
Shlomi Bagdadi · License #10311204539
(718) 437-6100
Source:
Thebrokerlist
Added: Jul 26
Changed: Sep 4
Last Checked: Oct 1 at 8:01AM
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 Tri State Commercial Realty
Investment Insights
Based on property information with market context.
This two-story Gravesend mixed-use building at 310-312 Avenue U presents an appealing retail-oriented configuration for investors and tenants. The property is offered for sale as a mixed-use asset with retail space.
Situated in Brooklyn’s Gravesend neighborhood between McDonald Avenue and West Street, the building is close to transit at the Avenue U subway station. Nearest transit includes the F and N trains at Avenue U, along with B3, B64, and B82 bus lines. Nearby retailers and services include T.J. Maxx, Marshalls, Walgreens, McDonald’s, Starbucks, Chase, Bank of America, and Dollar Tree.
Situated in Brooklyn’s Gravesend neighborhood between McDonald Avenue and West Street, the building is close to transit at the Avenue U subway station. Nearest transit includes the F and N trains at Avenue U, along with B3, B64, and B82 bus lines. Nearby retailers and services include T.J. Maxx, Marshalls, Walgreens, McDonald’s, Starbucks, Chase, Bank of America, and Dollar Tree.
Key Highlights
- Two‑story mixed‑use retail building for sale in Brooklyn’s Gravesend neighborhood
- Located between McDonald Avenue and West Street, near the Avenue U subway station
- Nearest transit: F & N trains at Avenue U station
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$147,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,959,760
$3.0M
Cap Rate 7%
$2,114,114
$2.1M
Cap Rate 9%
$1,644,311
$1.6M
Market Conditions
NOI Build-Up for 3,086 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$240.0K $77.76/SF
− Vacancy
−$28.6K −$9.25/SF
EGI
$211.4K $68.51/SF
− OpEx
−$63.4K −$20.55/SF
NOI
$148.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,959,760
Cap Rate 7%
$2,114,114
Cap Rate 9%
$1,644,311
Alternative Uses
Best Use
Retail
$2.11M
$1.85M – $2.47M
NOI $147,988 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.98M
NOI $178,865 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 17%
Groceries 8%
Electronics 8%
Sunoco
Shops & Services
15,934 visits/mo
0.4 miles
Chase Bank
Shops & Services
13,664 visits/mo
0.5 miles
Dunkin' Donuts
Dining
5,859 visits/mo
0.4 miles
C-Town Supermarkets
Groceries
3,615 visits/mo
0.4 miles
Verizon
Electronics
3,608 visits/mo
0.5 miles
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story mixed-use retail building near the Avenue U subway station, with bus service nearby.
Where is this storefront property located?
The property is located at 310-312 Avenue U Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Two‑story mixed‑use retail building for sale in Brooklyn’s Gravesend neighborhood; Located between McDonald Avenue and West Street, near the Avenue U subway station; Nearest transit: F & N trains at Avenue U station
