Mixed-Use Brick Building with
509 80th St Brooklyn, NY 11209
For Sale
Contact for pricing
Brick mixed-use property with two residential units and two ground-floor storefronts, plus a full basement.
Property Size2,304 SF
Price / SF$694.01
Days on Market57
Property Features for 509 80th St
General Information
Standard status
Active
Size
2,304 SF
Property subtype
Mixed Use, Multifamily, Retail
Building Details
Year Built
1930
Listing Agency:
RE/MAX Real Estate Professionals
(718) 532-2000
Listed By:
Vito Angelo · License #NY 40AN0957928
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 27 at 7:43AM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
This mixed-use brick building combines income-producing residential space with ground-floor retail. The property is currently configured as a two-bedroom unit on the third floor, a two-bedroom unit on the second floor, and two separate storefronts on the ground level. A full basement and additional walk-in space are included, providing extra utility for storage or back-of-house needs. Public remarks also note recent building systems and exterior improvements, including a new boiler, new hot water tank, new roof, new electrical meters and panels, and some newer windows, with the building described as well maintained.
Located in Bay Ridge off 5th Ave in a busy, high-traffic area, the building benefits from a pedestrian-focused setting with extensive nearby transportation and shopping options. The ground-floor retail configuration supports frequent customer access and visibility in a commercial corridor.
For buyers, this setup can fit an owner-operator or investor seeking a property that pairs residential layouts with two independent storefront spaces within the same structure. The presence of a full basement and recent upgrades to key systems may help reduce near-term capital concerns while maintaining flexibility for future use of the residential units and retail spaces.
Located in Bay Ridge off 5th Ave in a busy, high-traffic area, the building benefits from a pedestrian-focused setting with extensive nearby transportation and shopping options. The ground-floor retail configuration supports frequent customer access and visibility in a commercial corridor.
For buyers, this setup can fit an owner-operator or investor seeking a property that pairs residential layouts with two independent storefront spaces within the same structure. The presence of a full basement and recent upgrades to key systems may help reduce near-term capital concerns while maintaining flexibility for future use of the residential units and retail spaces.
Key Highlights
- Brick mixed‑use building (2 family + 2 storefronts) with two residential units over two ground‑floor stores
- Ground level includes 2 separate storefronts with a walk‑in, plus a full basement
- Currently configured with a 2‑bedroom unit on the 3rd floor and a 2‑bedroom unit on the 2nd floor
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 | $179.2k | $77.76 |
| − Vacancy | −$21.3k | −$9.25 |
| EGI | $157.8k | $68.51 |
| − OpEx | −$47.4k | −$20.55 |
| NOI | $110.5k | $47.95 |
2,304 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,487 @ 7.0% cap · market cap 6.91%
Second Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Brick mixed-use property with two residential units and two ground-floor storefronts, plus a full basement.
Where is this duplex located?
The property is located at 509 80th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Brick mixed‑use building (2 family + 2 storefronts) with two residential units over two ground‑floor stores; Ground level includes 2 separate storefronts with a walk‑in, plus a full basement; Currently configured with a 2‑bedroom unit on the 3rd floor and a 2‑bedroom unit on the 2nd floor
