Mixed-Use Building with
For Sale
$880,000
324 Grafton Street, Brooklyn, NY 11212
Three-bedroom apartment pairs with a vacant commercial space and unfinished basement.
Property Size2,100 SF
Price / SF$419.05
Days on Market75
Property Features for 324 Grafton Street
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Mixed Use
Listing Agency:
Remax Top Nest Real Estate
Listed By:
Jerry Tenenbaum
(646) 828-6378
Source:
Prideestates
Added: Aug 5
Changed: Oct 3
Last Checked: Oct 16 at 8:36AM
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 Remax Top Nest Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use building combines a residential apartment with a ground-floor commercial storefront. The apartment includes three bedrooms, a large living room, and an expansive kitchen, while the unfinished basement provides additional storage area. The storefront can be delivered vacant for occupancy or future customization.
The property is located at 324 Grafton Street in Brooklyn’s Brownsville neighborhood, near the Saratoga Av subway station serving lines 2, 3, 4, and 5. Built in 1930 and zoned R6, the building offers a combination of residential and commercial components within an established Brooklyn setting.
The property is located at 324 Grafton Street in Brooklyn’s Brownsville neighborhood, near the Saratoga Av subway station serving lines 2, 3, 4, and 5. Built in 1930 and zoned R6, the building offers a combination of residential and commercial components within an established Brooklyn setting.
Key Highlights
- Three‑bedroom residential apartment with large living room and expansive kitchen
- Commercial storefront can be delivered vacant
- Unfinished basement provides additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,230
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,524,600
$1.5M
Cap Rate 7%
$1,089,000
$1.1M
Cap Rate 9%
$847,000
$847.0K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$138.6K $66.00/SF
− Vacancy
−$16.6K −$7.92/SF
EGI
$122.0K $58.08/SF
− OpEx
−$45.7K −$21.78/SF
NOI
$76.2K $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%
$1,524,600
Cap Rate 7%
$1,089,000
Cap Rate 9%
$847,000
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,705 @ 7.0% cap · market cap 11.44%
Second Best
Mixed Use
$1.09M
$952.9K – $1.27M
NOI $76,230 @ 7.0% cap · market cap 8.66%
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,389
Businesses Nearby
171k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Groceries 24%
Dining 14%
Electronics 4%
Dollar Tree
Shops & Services
20,615 visits/mo
0.2 miles
Shell
Shops & Services
19,041 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,059 visits/mo
0.4 miles
Key Food
Groceries
14,833 visits/mo
0.3 miles
C-Town Supermarkets
Groceries
13,756 visits/mo
0.3 miles
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-bedroom apartment pairs with a vacant commercial space and unfinished basement.
Where is this mixed-use property located?
The property is located at 324 Grafton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Three‑bedroom residential apartment with large living room and expansive kitchen; Commercial storefront can be delivered vacant; Unfinished basement provides additional storage space
