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    Gut-Renovated Co-Living Building Title is generated by Realmo AI

    355 Tompkins Ave, Brooklyn, NY 11216

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    Fully renovated mixed-use building suitable for co-living in Brooklyn.

    Type:Mixed Use
    Property size:
    7,020 SF
    Price / SF:
    $498/SF
    Added:
    Feb 13, 2026
    Days on Market:
    144
    Last Refresh:
    Jun 23 at 11:37 am

    Property Features for 355 Tompkins Ave

    General Information

    Standard status
    Active
    Size
    7,020 SF
    Property subtype
    Mixed Use

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    Haley Hasho

    Listing office Exodus Capital CRE

    Listing date Feb 13, 2026

    Source Crexi

    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 Exodus Capital CRE

    HighLights

    • Fully gut‑renovated
    • Co living building

    Overview

    This is a mixed-use property featuring a fully gut-renovated co-living building. The property has a size of 7020 square feet.

    Local Financial Insights For Mixed Use

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $463.3k $66.00
    − Vacancy −$55.6k −$7.92
    EGI $407.7k $58.08
    − OpEx −$152.9k −$21.78
    NOI $254.8k $36.30
    7,020 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $3.64M
    $3.19M – $4.25M (±1% cap)
    NOI $254,826 @ 7.0% cap · market cap 7.28%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $5.81M
    $5.09M – $6.78M (±1% cap)
    NOI $406,879 @ 7.0% cap · market cap 11.63%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Dental Office Parking Lot & Garage Nursing Home Nursing Home Real Estate Agency Auto Parts Store Veterinary Clinic Restaurant Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.944125
    Latitude
    40.68563

    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated mixed-use building suitable for co-living in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 355 Tompkins Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Fully gut‑renovated; Co living building
    (717) 491-4183 Call to check price and availability
    More about this property
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