Mixed-Use Portfolio With Vacant
For Sale
Contact for pricing
415 Broadway, Brooklyn, NY 11211
Two Brooklyn buildings combine residential units with ground-floor commercial space.
Property Size17,439 SF
Price / SF$693.85
Days on Market54
Property Features for 415 Broadway
General Information
Standard status
Active
Size
17,439 SF
Property subtype
Mixed Use
Zoning
R6 (C2-3 overlay)
Building Details
Year Built
2017
Year Renovated
2018
Buildings
2
Units
19
Tenancy
Multi
Listing Agency:
Avison Young - New York
Listed By:
Miles Davis-Bosch · License #NW
(212) 277-5557
Source:
Crexi
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 16 at 8:52AM
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 Avison Young - New York
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Investment Insights
Based on property information with market context.
This Williamsburg mixed-use portfolio includes 415 Broadway, a 4-story, 22-foot-wide walk-up completed with a gut renovation in 2018, and 319 Broadway, a 6-story, 25-foot-wide elevator building constructed in 2017. Together, the properties contain approximately 17,411 square feet across 18 residential units and two ground-floor commercial spaces. The larger building also includes a basement.
The 415 Broadway building contains approximately 6,200 square feet, eight free-market apartments, and one commercial space. At approximately 11,211 square feet, 319 Broadway includes 10 apartments, seven free-market units, three rent-stabilized affordable units, and one commercial space. The stabilized units are identified as reverting to free-market status when the abatement expires.
The commercial space at 319 Broadway is vacant and available for lease-up. The property is located in Williamsburg, Brooklyn, and is zoned R6 with a C2-3 overlay.
The 415 Broadway building contains approximately 6,200 square feet, eight free-market apartments, and one commercial space. At approximately 11,211 square feet, 319 Broadway includes 10 apartments, seven free-market units, three rent-stabilized affordable units, and one commercial space. The stabilized units are identified as reverting to free-market status when the abatement expires.
The commercial space at 319 Broadway is vacant and available for lease-up. The property is located in Williamsburg, Brooklyn, and is zoned R6 with a C2-3 overlay.
Key Highlights
- Two‑building mixed‑use portfolio at 415 Broadway and 319 Broadway in Williamsburg, Brooklyn
- Approximately 17,439 SF of total property size
- 18 residential units and two ground‑floor commercial spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$836,280
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,725,600
$16.7M
Cap Rate 7%
$11,946,857
$11.9M
Cap Rate 9%
$9,292,000
$9.3M
Market Conditions
NOI Build-Up for 17,439 SF
Gross rent
$1.36M $77.76/SF
− Vacancy
−$161.4K −$9.25/SF
EGI
$1.19M $68.51/SF
− OpEx
−$358.4K −$20.55/SF
NOI
$836.3K $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 Rate 5%
$16,725,600
Cap Rate 7%
$11,946,857
Cap Rate 9%
$9,292,000
Alternative Uses
Best Use
Retail
$11.95M
$10.45M – $13.94M
NOI $836,280 @ 7.0% cap · market cap 6.91%
Second Best
Mixed Use
$9.04M
$7.91M – $10.55M
NOI $633,036 @ 7.0% cap · market cap 5.23%
Theoretical Best
Specialty Retail
$14.44M
$12.63M – $16.85M
NOI $1,010,764 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
8,071
Businesses Nearby
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Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two Brooklyn buildings combine residential units with ground-floor commercial space.
Where is this mixed-use property located?
The property is located at 415 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $12,100,000.
What are key features of this property?
This property features: Two‑building mixed‑use portfolio at 415 Broadway and 319 Broadway in Williamsburg, Brooklyn; Approximately 17,439 SF of total property size; 18 residential units and two ground‑floor commercial spaces
