Mixed-Use Building with Studio
332 Douglass Street, Brooklyn, NY 11217
For Sale
New
$2,700,000
Commercial, Brooklyn, NY
Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$750
Days on Market3
Property Features for 332 Douglass Street
General Information
Property type
Property subtype
Zoning
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Annual Amount
Amenities
private outdoor space
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
Ben Bay Realty Co
Listed By:
Nicholas Venturini · License NV #3472
(718) 680-6442
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 506018
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,600-square-foot mixed-use building at 332 Douglass Street has a brick exterior, a flat roof, and central air conditioning. Built in 1940, it spans 0.0459 acres and is fully occupied by commercial tenants. A recording studio uses the first floor and rear section of the second floor, while an architectural firm occupies the front portion of that level. Private outdoor space is located on the upper level.
The property is zoned M1-2 in Brooklyn, NY. The listing also identifies additional buildable square footage, without specifying an amount.
The property is zoned M1-2 in Brooklyn, NY. The listing also identifies additional buildable square footage, without specifying an amount.
Key Highlights
- 3,600‑square‑foot building on a 0.0459‑acre lot
- Fully occupied by a recording studio and an architectural firm
- M1‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,680
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,613,600
$2.6M
Cap Rate 7%
$1,866,857
$1.9M
Cap Rate 9%
$1,452,000
$1.5M
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$237.6K $66.00/SF
− Vacancy
−$28.5K −$7.92/SF
EGI
$209.1K $58.08/SF
− OpEx
−$78.4K −$21.78/SF
NOI
$130.7K $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%
$2,613,600
Cap Rate 7%
$1,866,857
Cap Rate 9%
$1,452,000
Alternative Uses
Best Use
Mixed Use
$1.87M
$1.63M – $2.18M
NOI $130,680 @ 7.0% cap · market cap 4.84%
Second Best
Warehouse
$1.11M
$972.1K – $1.30M
NOI $77,769 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,855
Businesses Nearby
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Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial tenants occupy multiple levels, with private outdoor space on the upper floor.
Where is this mixed-use property located?
The property is located at 332 Douglass Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: 3,600‑square‑foot building on a 0.0459‑acre lot; Fully occupied by a recording studio and an architectural firm; M1‑2 zoning
