Mixed-Use Building with
For Sale
$2,500,000
467 Wilson Avenue 4, Brooklyn, NY 11221
A ground-level commercial space is combined with residential accommodations in this Brooklyn property.
Property Size4,875 SF
Price / SF$512.82
Days on Market12
Property Features for 467 Wilson Avenue 4
General Information
Standard status
Active
Size
4,875 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$9,313
Amenities
Finished
Yes
Eat-in Kitchen,High Ceilings
Public
No
4875
Building Details
Building Size
4,875 SF
Year Built
1907
Buildings
1
Listing Agency:
MR Properties
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 31
Last Checked: Oct 31 at 2:43AM
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 MR Properties
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Investment Insights
Based on property information with market context.
This mixed-use building contains a ground-floor commercial space and residential units. Interior features include high ceilings, eat-in kitchens, and five full bathrooms. The property encompasses 4,875 square feet and dates to 1907.
Located at 467 Wilson Avenue in Brooklyn, the property combines commercial and residential space within one building.
Located at 467 Wilson Avenue in Brooklyn, the property combines commercial and residential space within one building.
Key Highlights
- Ground‑floor commercial space
- 4,875 square feet
- Five full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,963
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,539,260
$3.5M
Cap Rate 7%
$2,528,043
$2.5M
Cap Rate 9%
$1,966,256
$2.0M
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$321.8K $66.00/SF
− Vacancy
−$38.6K −$7.92/SF
EGI
$283.1K $58.08/SF
− OpEx
−$106.2K −$21.78/SF
NOI
$177.0K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,539,260
Cap Rate 7%
$2,528,043
Cap Rate 9%
$1,966,256
Alternative Uses
Best Use
Retail
$3.34M
$2.92M – $3.90M
NOI $233,779 @ 7.0% cap · market cap 9.35%
Second Best
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $176,963 @ 7.0% cap · market cap 7.08%
Theoretical Best
Specialty Retail
$4.04M
$3.53M – $4.71M
NOI $282,555 @ 7.0% cap · market cap 11.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-level commercial space is combined with residential accommodations in this Brooklyn property.
Where is this mixed-use property located?
The property is located at 467 Wilson Avenue 4 Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Ground‑floor commercial space; 4,875 square feet; Five full bathrooms
