509 80th St, Brooklyn, NY 11209
Brick mixed-use property with two residential units and two ground-floor storefronts, plus a full basement.
- Added:
- Jun 1, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 4:51 am
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 agent Vito Angelo License #NY 40AN0957928
Listing office RE/MAX Real Estate Professionals (718) 532-2000
Listing date Jun 1, 2026
Source Crexi
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
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
- Recent upgrades include a new boiler and new hot water tank
- Building improvements include a new roof, new electrical meters and panels, and some newer windows
- Year built: 1930
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.023769
- Latitude
- 40.62569
