Mixed-Use Brick Building with
509 80th St Brooklyn, NY 11209
509 80th St, Brooklyn, NY, 11209
$1,575,000
For Sale
$1,575,000
MULTI_FAMILY - Other - Brooklyn, NY
Property Size2,304 SF
Lot Size0.02 Acres
Price / SF$683.59
Days on Market51
Property Features for 509 80th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 3
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 19298
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Flooring type
- Hardwood
- Building materials
- Brick
- Architectural style
- Other
Listing agency
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed by
Vito Angelo · License #VITLO524
(718) 887-5708
Added: Jun 1 Updated: Jul 16 at 10:19PM Checked: Jul 21 at 8:06AM
MLS# 11798750
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A well-maintained mixed-use brick building offering two residential units over two separate ground-floor storefronts, with a full basement. The building is configured as a 2-bedroom unit on the 3rd floor over another 2-bedroom unit on the 2nd floor, with the ground level consisting of two storefront spaces and a walk-in area.
Located in Bay Ridge on 80th St, off 5th Ave, the property sits in a busy, high-traffic area with surrounding transportation and shopping.
The building has undergone multiple recent updates, including a new boiler, new hot water tank, new roof, and new electrical meters and panels, along with some newer windows. Offered for sale as a combined residential and retail asset.
Located in Bay Ridge on 80th St, off 5th Ave, the property sits in a busy, high-traffic area with surrounding transportation and shopping.
The building has undergone multiple recent updates, including a new boiler, new hot water tank, new roof, and new electrical meters and panels, along with some newer windows. Offered for sale as a combined residential and retail asset.
Key Highlights
- Brick mixed‑use building built in 1930 with hardwood flooring and natural gas/steam heat
- Configured as a 2‑bedroom unit on the 3rd floor over another 2‑bedroom unit on the 2nd floor
- Ground level includes 2 separate store fronts, plus a walk‑in over a full basement
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 |
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 7.02%
Second Best
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,540 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
P Leonidas Realty ...
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick mixed-use building 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 $1,575,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1930 with hardwood flooring and natural gas/steam heat; Configured as a 2‑bedroom unit on the 3rd floor over another 2‑bedroom unit on the 2nd floor; Ground level includes 2 separate store fronts, plus a walk‑in over a full basement
