Mixed-Use Building with High
For Sale
Contact for pricing
467 Keap St, Brooklyn, NY 11211
Ten-story mixed-use building featuring residential lofts and commercial space.
Property Size77,664 SF
Lot Size0.41 Acres
Price / SF$302.59
Days on Market1253
Property Features for 467 Keap St
General Information
Standard status
Active
Size
77,664 SF
Lot size
0.41 Acres
Property subtype
Mixed Use, Multifamily, Retail
Zoning
M1-2/R6, MX-8
Occupancy
100%
Building Details
Year Built
2009
Stories
10
Units
30
Listing Agency:
Evergreen Realty and Investments
Listed By:
Daniel Barcelowsky · License #NY
(646) 373-7944
Source:
Crexi
Added: Apr 5, 2023
Changed: Sep 6
Last Checked: Sep 8 at 7:15AM
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 Evergreen Realty and Investments
Investment Insights
Based on property information with market context.
This ten-story mixed-use elevator building, constructed in 2009, features 29 fully occupied residential lofts with 20-foot ceilings, including 6 affordable units. The property also includes an 8,300-square-foot commercial unit with elevator access, half of which is recently leased to a high-end gym for $14,000 per month. Three levels of parking provide 60 spots, generating monthly income. There is potential to add 6,985 square feet of parking on the second-floor roof. The building includes cellar storage and a loading dock. A 421a tax exemption is in place until July 2038. Situated on a 96.08' x 183.33' lot, the building measures 77,664 square feet. The current gross annual income is $2,158,235, with a current net annual income of approximately $1,863,163. The legal residential rent roll is $1,401,975 per year. The projected total gross income with a full commercial lease is approximately $2,352,375. The actual cap rate is 7.76%.
Key Highlights
- High Net Annual Income: ~$1,863,163 with a 7.76% cap rate.
- Significant Income Potential: Projected gross income of ~$2,352,375 with full commercial lease.
- Long‑Term Tax Exemption: 421a tax exemption in place until July 2038.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,341
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ten-story mixed-use building featuring residential lofts and commercial space.
Where is this mixed-use property located?
The property is located at 467 Keap St Brooklyn, NY.
What is the asking price?
The asking price for this property is $23,500,000.
What are key features of this property?
This property features: High Net Annual Income: ~$1,863,163 with a 7.76% cap rate.; Significant Income Potential: Projected gross income of ~$2,352,375 with full commercial lease.; Long‑Term Tax Exemption: 421a tax exemption in place until July 2038.
