Renovated Mixed-Use
For Sale
Contact for pricing
314 Kings Hwy, Brooklyn, NY 11223
Solid brick mixed-use building with renovated apartments above a professional office/retail space and a full basement for storage.
Property Size1,300 SF
Price / SF$4.62
Days on Market187
Property Features for 314 Kings Hwy
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Business Opportunity
Units
Multifamily Units
2
Office Units
1
Building Details
Construction
solid brick
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 532-2000
Source:
Exprealty
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 26 at 6:43PM
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 RE/MAX Real Estate Professiona
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Investment Insights
Based on property information with market context.
This fully renovated mixed-use property is housed in a solid brick building. It features two newly renovated two-bedroom apartments above a spacious professional office/retail space. A full basement is included and can be used for storage.
Recent upgrades include new electrical service and updated plumbing, along with modern finishes throughout the building. The property is described as vacant and is delivered with full possession at closing.
The configuration supports both residential and commercial use within the same building footprint, with a separate apartment level over the office/retail space and additional storage in the basement.
Recent upgrades include new electrical service and updated plumbing, along with modern finishes throughout the building. The property is described as vacant and is delivered with full possession at closing.
The configuration supports both residential and commercial use within the same building footprint, with a separate apartment level over the office/retail space and additional storage in the basement.
Key Highlights
- Solid brick mixed‑use building with two newly renovated 2‑bedroom apartments above a professional office/retail space
- Full basement provides additional storage space
- Recent upgrades include new electrical service and updated plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,432
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
$648.6K
Cap Rate 7%
$463,314
$463.3K
Cap Rate 9%
$360,356
$360.4K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$56.2K $43.20/SF
− Vacancy
−$12.9K −$9.94/SF
EGI
$43.2K $33.26/SF
− OpEx
−$10.8K −$8.32/SF
NOI
$32.4K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,640
Cap Rate 7%
$463,314
Cap Rate 9%
$360,356
Alternative Uses
Best Use
Mixed Use
$674.1K
$589.9K – $786.5K
NOI $47,190 @ 7.0% cap · market cap 786.50%
Second Best
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,528 @ 7.0% cap · market cap 758.80%
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 1,255.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,063
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Solid brick mixed-use building with renovated apartments above a professional office/retail space and a full basement for storage.
Where is this mixed-use property located?
The property is located at 314 Kings Hwy Brooklyn, NY.
What are key features of this property?
This property features: Solid brick mixed‑use building with two newly renovated 2‑bedroom apartments above a professional office/retail space; Full basement provides additional storage space; Recent upgrades include new electrical service and updated plumbing
