Corner Mixed-Use
3523 Avenue S, Brooklyn, NY 11234
For Sale
New
$1,250,000
A ground-level retail unit is combined with two apartments on the upper floor.
Property Size3,040 SF
Price / SF$411.18
Days on Market2
Property Features for 3523 Avenue S
General Information
Standard status
Size
Property subtype
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Tenant in Place
Building Details
Buildings
Construction
Tenancy
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Kevin Stile
(718) 763-4110
Source:
Prideestates
Added: Nov 12
Last Checked: Nov 12 at 2:24PM
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 Bergen Basin Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3523 Avenue S in Brooklyn, this brick corner property combines a ground-floor storefront with two residential apartments above. The upper level includes one two-bedroom apartment and one one-bedroom apartment.
The storefront and two-bedroom apartment are vacant; the one-bedroom apartment is rented without a lease. The property sits within a retail corridor in Marine Park.
The storefront and two-bedroom apartment are vacant; the one-bedroom apartment is rented without a lease. The property sits within a retail corridor in Marine Park.
Key Highlights
- Brick corner building with ground‑floor retail and two upper‑level apartments
- Upper floor includes one two‑bedroom apartment and one one‑bedroom apartment
- Storefront and two‑bedroom apartment are vacant; one‑bedroom apartment is rented without a lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,352
Cap Rate
8.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,207,040
$2.2M
Cap Rate 7%
$1,576,457
$1.6M
Cap Rate 9%
$1,226,133
$1.2M
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$200.6K $66.00/SF
− Vacancy
−$24.1K −$7.92/SF
EGI
$176.6K $58.08/SF
− OpEx
−$66.2K −$21.78/SF
NOI
$110.4K $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%
$2,207,040
Cap Rate 7%
$1,576,457
Cap Rate 9%
$1,226,133
Alternative Uses
Best Use
Retail
$2.08M
$1.82M – $2.43M
NOI $145,782 @ 7.0% cap · market cap 11.66%
Second Best
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,352 @ 7.0% cap · market cap 8.83%
Theoretical Best
Specialty Retail
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,942
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 35%
Home Improvements & Furnishings 11%
Apparel 2%
McDonald's
Dining
44,677 visits/mo
0.5 miles
Speedway
Shops & Services
24,099 visits/mo
0.4 miles
Capital One Bank
Shops & Services
16,070 visits/mo
0.5 miles
7-Eleven
Shops & Services
13,145 visits/mo
0.4 miles
Bob's Discount Furniture
Home Improvements & Furnishings
11,506 visits/mo
0.5 miles
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-level retail unit is combined with two apartments on the upper floor.
Where is this mixed-use property located?
The property is located at 3523 Avenue S Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Brick corner building with ground‑floor retail and two upper‑level apartments; Upper floor includes one two‑bedroom apartment and one one‑bedroom apartment; Storefront and two‑bedroom apartment are vacant; one‑bedroom apartment is rented without a lease
