Mixed-Use Building with
For Sale
$5,745,000
486 Court Street, Brooklyn, NY 11231
Mixed-use property combining residential occupancy with ground-floor retail space on Court Street.
Property Size4,875 SF
Price / SF$1,178
Days on Market52
Property Features for 486 Court Street
General Information
Standard status
Active
Size
4,875 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$26,342
Building Details
Building Size
4,875 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Dennis Estok
(718) 645-1665
Source:
Penrealty
Added: Sep 1
Changed: Oct 7
Last Checked: Oct 21 at 3:06AM
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 MadisonEstates Sothebys Realty
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Investment Insights
Based on property information with market context.
Located at 486 Court Street in Brooklyn, this mixed-use property contains 4,875 square feet and was built in 1900. The asset combines residential and retail occupancy within an established commercial corridor, providing a varied tenant profile across its uses.
The property is designated Tax Class 2B and sits on Court Street in the Brownstone Brooklyn area. Existing rents are positioned below market levels in some cases, with future leasing activity providing an opportunity to address that difference. The property information also indicates that limited capital may be required for improvements tied to increasing NOI.
The property is designated Tax Class 2B and sits on Court Street in the Brownstone Brooklyn area. Existing rents are positioned below market levels in some cases, with future leasing activity providing an opportunity to address that difference. The property information also indicates that limited capital may be required for improvements tied to increasing NOI.
Key Highlights
- 4,875‑square‑foot mixed‑use property
- Residential and retail tenant mix
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,779
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,675,580
$4.7M
Cap Rate 7%
$3,339,700
$3.3M
Cap Rate 9%
$2,597,544
$2.6M
Market Conditions
NOI Build-Up for 4,875 SF
Gross rent
$379.1K $77.76/SF
− Vacancy
−$45.1K −$9.25/SF
EGI
$334.0K $68.51/SF
− OpEx
−$100.2K −$20.55/SF
NOI
$233.8K $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%
$4,675,580
Cap Rate 7%
$3,339,700
Cap Rate 9%
$2,597,544
Alternative Uses
Best Use
Retail
$3.34M
$2.92M – $3.90M
NOI $233,779 @ 7.0% cap · market cap 4.07%
Second Best
Mixed Use
$2.53M
$2.21M – $2.95M
NOI $176,963 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$4.04M
$3.53M – $4.71M
NOI $282,555 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,188
Businesses Nearby
183k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 48%
Dining 29%
Shops & Services 22%
Groceries 2%
Lowe's
Home Improvements & Furnishings
61,501 visits/mo
0.4 miles
McDonald's
Dining
32,520 visits/mo
0.2 miles
BP
Shops & Services
20,614 visits/mo
0.1 miles
Harbor Freight Tools
Home Improvements & Furnishings
19,447 visits/mo
0.4 miles
Dunkin' Donuts
Dining
15,269 visits/mo
0.1 miles
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combining residential occupancy with ground-floor retail space on Court Street.
Where is this mixed-use property located?
The property is located at 486 Court Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,745,000.
What are key features of this property?
This property features: 4,875‑square‑foot mixed‑use property; Residential and retail tenant mix; Built in 1900
