Retail Space with
For Sale
$1,680,000
366 Kings Highway #1 1, Brooklyn, NY 11223
Flexible commercial layout with private rooms, open areas, dedicated storage, and separate entrances.
Property Size3,158 SF
Price / SF$531.98
Days on Market55
Property Features for 366 Kings Highway #1 1
General Information
Standard status
Active
Size
3,158 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Sprinkler System
Yes
Amenities
two bathrooms
central air conditioning and heating
two separate entrances and exits
dedicated storage room
Listing Agency:
RE/MAX Edge
Listed By:
Yuhuan (Karen) Feng
(718) 612-3088
Source:
Prideestates
Added: Jul 12
Changed: Sep 2
Last Checked: Sep 4 at 11:25AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This retail property combines a large showroom, auditorium, open lobby, private rooms, and adaptable open areas within a commercial interior. The configuration includes two bathrooms, central air conditioning and heating, a comprehensive sprinkler system, two separate entrances and exits, and a dedicated storage room.
Located on Kings Highway in Brooklyn, the property is near the F and N subway lines, the B82 bus stop, and the Belt Parkway. Its position along a commercial thoroughfare provides access for subway riders, bus users, and motorists. The mix of enclosed rooms and open-use areas supports a range of retail and office-oriented configurations without relying on a single layout.
Located on Kings Highway in Brooklyn, the property is near the F and N subway lines, the B82 bus stop, and the Belt Parkway. Its position along a commercial thoroughfare provides access for subway riders, bus users, and motorists. The mix of enclosed rooms and open-use areas supports a range of retail and office-oriented configurations without relying on a single layout.
Key Highlights
- 11 rooms plus an auditorium, showroom, and open lobby
- Two bathrooms, central air conditioning and heating, and a comprehensive sprinkler system
- Two separate entrances and exits
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,028,820
$3.0M
Cap Rate 7%
$2,163,443
$2.2M
Cap Rate 9%
$1,682,678
$1.7M
Market Conditions
NOI Build-Up for 3,158 SF
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.
Gross rent
$245.6K $77.76/SF
− Vacancy
−$29.2K −$9.25/SF
EGI
$216.3K $68.51/SF
− OpEx
−$64.9K −$20.55/SF
NOI
$151.4K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,028,820
Cap Rate 7%
$2,163,443
Cap Rate 9%
$1,682,678
Alternative Uses
Best Use
Retail
$2.16M
$1.89M – $2.52M
NOI $151,441 @ 7.0% cap · market cap 9.01%
Second Best
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,635 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $183,038 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial layout with private rooms, open areas, dedicated storage, and separate entrances.
Where is this retail space located?
The property is located at 366 Kings Highway #1 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: 11 rooms plus an auditorium, showroom, and open lobby; Two bathrooms, central air conditioning and heating, and a comprehensive sprinkler system; Two separate entrances and exits
