Mixed-Use Retail and Office
366 Kings Hwy 1 Brooklyn, NY 11223
366 Kings Hwy 1, Brooklyn, NY, 11223
$1,680,000
For Sale
$1,680,000
Spacious interior layout with open lobby, showroom, auditorium, and 11 rooms plus two entrances and bathrooms.
Property Size3,200 SF
Price / SF$525
Days on Market9
Property Features for 366 Kings Hwy 1
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2012
Listing Agency
Womcore LLC dba Remax Edge
(718) 612-3088
Listed by
Yuhuan (Karen) Feng
(718) 612-3088
Source
Elliman
Added: Jul 8 Checked: Jul 15 at 10:53 pm
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This property offers a spacious interior layout suitable for retail or office use, featuring 11 rooms, an auditorium, a large showroom, and an open lobby entrance. The configuration combines open-concept space with private rooms, supported by two bathrooms and a dedicated storage room. The building includes central air conditioning and heating, along with a comprehensive sprinkler system, and it has two separate entrances and exits.
The asset is positioned on a busy commercial corridor with expansive frontage and consistent visibility. It is described as minutes from the F and N subway lines and the B82 bus stop, with the Belt Parkway nearby.
Lease terms are stated as negotiable, and the property is presented as a flexible space for a range of commercial operations, including professional offices, medical facilities, tutoring and fine arts centers, retail stores, and community organizations.
The asset is positioned on a busy commercial corridor with expansive frontage and consistent visibility. It is described as minutes from the F and N subway lines and the B82 bus stop, with the Belt Parkway nearby.
Lease terms are stated as negotiable, and the property is presented as a flexible space for a range of commercial operations, including professional offices, medical facilities, tutoring and fine arts centers, retail stores, and community organizations.
Key Highlights
- 2012‑built commercial property with 3,200 SF interior space and 11 rooms
- Includes a large showroom, open lobby entrance, and an auditorium
- Versatile layout with both open‑concept space and private rooms for varied uses
Local Financial Insights For Retail
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 | $248.8k | $77.76 |
| − Vacancy | −$29.6k | −$9.25 |
| EGI | $219.2k | $68.51 |
| − OpEx | −$65.8k | −$20.55 |
| NOI | $153.5k | $47.95 |
3,200 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 9.13%
Second Best
Office B
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yamaha Piano Distributer
(Bike/Boat/Book/etc) Store
Piano Tuner
Piano Tuning Service
Kings Piano World
Tutoring Service
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Spacious interior layout with open lobby, showroom, auditorium, and 11 rooms plus two entrances and bathrooms.
Where is this retail space located?
The property is located at 366 Kings Hwy 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: 2012‑built commercial property with 3,200 SF interior space and 11 rooms; Includes a large showroom, open lobby entrance, and an auditorium; Versatile layout with both open‑concept space and private rooms for varied uses
