Retail and Office
For Sale
$1,680,000
366 Kings Highway, Brooklyn, NY 11223
COMMERCIAL - Brooklyn, NY
Property Size3,158 SF
Lot Size0.07 Acres
Price / SF$531.98
Days on Market47
Property Features for 366 Kings Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2-3
Subdivision
Gravesend
Standard status
Active
Size
3,158 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
31248
Amenities
two bathrooms
central air conditioning and heating
two separate entrances and exits
dedicated storage room
auditorium
large showroom
open lobby
Building Details
Year built
2012
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Yuhuan (Karen) Feng
(718) 612-3088
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 22 at 2:06AM
MLS# 502734
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.
Investment Insights
Based on property information with market context.
A versatile brick storefront with a modern interior layout designed for retail or office use. The property offers 3,158 square feet of interior space with ceiling height ranging from 12' to 15'. The interior includes 12 rooms, an auditorium, a large showroom, an open lobby entrance, and two bathrooms, along with a dedicated storage room. Two separate entrances and exits support flexible operations and customer or visitor flow. Central air conditioning and heating are in place, complemented by a comprehensive sprinkler system.
The site sits on a busy commercial corridor with expansive frontage and visibility. The address is 366 Kings Highway in Brooklyn, NY 11223, within minutes of the F and N subway lines and the B82 bus stop, and nearby access to the Belt Parkway.
Zoned C2-3, the configuration includes both open-concept areas and private rooms, supporting a range of commercial and community-oriented uses.
The site sits on a busy commercial corridor with expansive frontage and visibility. The address is 366 Kings Highway in Brooklyn, NY 11223, within minutes of the F and N subway lines and the B82 bus stop, and nearby access to the Belt Parkway.
Zoned C2-3, the configuration includes both open-concept areas and private rooms, supporting a range of commercial and community-oriented uses.
Key Highlights
- 3,158 SF interior space with 12' to 15' ceiling height
- 12 rooms plus auditorium and large showroom
- Central air conditioning and heating plus sprinkler system
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
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,874
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 23%
Groceries 20%
Electronics 16%
Key Food
Groceries
17,619 visits/mo
0.1 miles
Chase Bank
Shops & Services
16,089 visits/mo
0.3 miles
Starbucks
Dining
15,784 visits/mo
0.3 miles
P.C. Richard & Son
Electronics
9,818 visits/mo
0.2 miles
Dunkin' Donuts
Dining
8,144 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Modern storefront with central HVAC, sprinkler system, and two entrances in Brooklyn’s C2-3 corridor.
Where is this storefront property located?
The property is located at 366 Kings Highway 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: 3,158 SF interior space with 12' to 15' ceiling height; 12 rooms plus auditorium and large showroom; Central air conditioning and heating plus sprinkler system
