Corner Mixed-Use
401 Troy Avenue Brooklyn, NY 11213
For Sale
$3,200,000
Corner mixed-use property with a ground-level storefront, five apartments, and a full basement.
Property Size5,040 SF
Price / SF$634.92
Days on Market140
Property Features for 401 Troy Avenue
General Information
- Standard status
- Active
- Size
- 5,040 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing Agency:
Bellmarc
(718) 768-4500
Listed By:
Mohamad Hasan · License #hasad5769
(718) 768-4500
Source:
Compass
Added: Mar 5
Changed: Jul 22
Last Checked: Jul 23 at 6:51AM
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 Bellmarc
Investment Insights
Based on property information with market context.
This corner mixed-use building includes one commercial storefront on the ground level and five free-market apartments. The property also features a full basement.
The offering is located at 401 Troy Avenue in Brooklyn, NY 11213. Additional information is available upon request by contacting the listing agent.
With residential and commercial components on the same site, the building provides a combined setup for buyers looking to own both storefront and apartment income in one property.
The offering is located at 401 Troy Avenue in Brooklyn, NY 11213. Additional information is available upon request by contacting the listing agent.
With residential and commercial components on the same site, the building provides a combined setup for buyers looking to own both storefront and apartment income in one property.
Key Highlights
- Corner mixed‑use building with one ground‑level commercial storefront and five free‑market apartments
- Full basement included
- Brick exterior and brick construction
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 | $391.9k | $77.76 |
| − Vacancy | −$46.6k | −$9.25 |
| EGI | $345.3k | $68.51 |
| − OpEx | −$103.6k | −$20.55 |
| NOI | $241.7k | $47.95 |
5,040 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.45M
$3.02M – $4.03M
NOI $241,691 @ 7.0% cap · market cap 7.55%
Second Best
Mixed Use
$2.61M
$2.29M – $3.05M
NOI $182,952 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $292,118 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use property with a ground-level storefront, five apartments, and a full basement.
Where is this mixed-use property located?
The property is located at 401 Troy Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Corner mixed‑use building with one ground‑level commercial storefront and five free‑market apartments; Full basement included; Brick exterior and brick construction
