Mixed-Use Building with
New
For Sale
$1,600,000
3307 Church Avenue, Brooklyn, NY 11203
Residential Income, Brooklyn, NY
Property Size4,020 SF
Lot Size0.04 Acres
Price / SF$398.01
Days on Market6
Property Features for 3307 Church Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 3
Subdivision
Little Haiti
Standard status
Active
Size
4,020 SF
Lot size
0.04 Acres
Building Details
Year built
1928
Floors in Building
3
Listing Agency:
SHEBO REALTY LLC
Listed By:
Sherwin Boston
(347) 627-9165
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 10:06PM
MLS# 12017747
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1928, this 4,020-square-foot mixed-use property pairs a ground-floor retail space with a semi-finished basement. Two-bedroom apartments occupy each of the second and third floors. The 0.0448-acre parcel also includes a backyard and is zoned R6.
The property is in Brooklyn’s East Flatbush/Little Caribbean area, near Downstate and Kings County hospitals and within a shopping and transportation hub.
The property is in Brooklyn’s East Flatbush/Little Caribbean area, near Downstate and Kings County hospitals and within a shopping and transportation hub.
Key Highlights
- 4,020‑square‑foot mixed‑use building with ground‑floor retail and two upper‑floor apartments
- Two‑bedroom apartment on each of the second and third floors
- Semi‑finished basement and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,926
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,918,520
$2.9M
Cap Rate 7%
$2,084,657
$2.1M
Cap Rate 9%
$1,621,400
$1.6M
Market Conditions
NOI Build-Up for 4,020 SF
Gross rent
$265.3K $66.00/SF
− Vacancy
−$31.8K −$7.92/SF
EGI
$233.5K $58.08/SF
− OpEx
−$87.6K −$21.78/SF
NOI
$145.9K $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%
$2,918,520
Cap Rate 7%
$2,084,657
Cap Rate 9%
$1,621,400
Alternative Uses
Best Use
Retail
$2.75M
$2.41M – $3.21M
NOI $192,777 @ 7.0% cap · market cap 12.05%
Second Best
Mixed Use
$2.08M
$1.82M – $2.43M
NOI $145,926 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$3.33M
$2.91M – $3.88M
NOI $232,999 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,921
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper-floor apartments complement ground-level retail and a semi-finished basement.
Where is this mixed-use property located?
The property is located at 3307 Church Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 4,020‑square‑foot mixed‑use building with ground‑floor retail and two upper‑floor apartments; Two‑bedroom apartment on each of the second and third floors; Semi‑finished basement and backyard
