Three-Story Mixed-Use
512 Court Street, Brooklyn, NY 11231
For Sale
$2,850,000
Ground-floor retail space is paired with two upper-level three-bedroom apartments.
Property Size3,000 SF
Lot Size0.04 Acres
Price / SF$950
Days on Market171
Property Features for 512 Court Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Frontage
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
Hardwood
Gas
3
3000
Cellar
Back
Brick
1600
Block
20.00
20
50.00
80
Yes
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Ben Bay Realty Co
Listed By:
Nicholas Venturini · License NV #3472
(347) 543-2741
Source:
Suitsre
Added: May 28
Changed: Nov 11
Last Checked: Nov 13 at 4:19AM
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 Ben Bay Realty Co
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Investment Insights
Based on property information with market context.
The three-story brick property contains a commercial space at street level and two three-bedroom apartments above. The building has approximately 3,000 square feet of interior area, an unfinished cellar, and separate utilities for each unit. It was built in 1931 and is zoned R6A.
At 512 Court Street in Brooklyn, the property sits on a 20-by-80-foot lot. The building footprint measures approximately 20 by 50 feet.
At 512 Court Street in Brooklyn, the property sits on a 20-by-80-foot lot. The building footprint measures approximately 20 by 50 feet.
Key Highlights
- Three‑story brick building with ground‑floor commercial space and two three‑bedroom apartments
- Approximately 3,000 square feet of interior area and an unfinished cellar
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,864
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,877,280
$2.9M
Cap Rate 7%
$2,055,200
$2.1M
Cap Rate 9%
$1,598,489
$1.6M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$233.3K $77.76/SF
− Vacancy
−$27.8K −$9.25/SF
EGI
$205.5K $68.51/SF
− OpEx
−$61.7K −$20.55/SF
NOI
$143.9K $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%
$2,877,280
Cap Rate 7%
$2,055,200
Cap Rate 9%
$1,598,489
Alternative Uses
Best Use
Retail
$2.06M
$1.80M – $2.40M
NOI $143,864 @ 7.0% cap · market cap 5.05%
Second Best
Mixed Use
$1.56M
$1.36M – $1.82M
NOI $108,900 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,188
Businesses Nearby
Explore this area
Business Placement
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
$1,678,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail space is paired with two upper-level three-bedroom apartments.
Where is this mixed-use property located?
The property is located at 512 Court Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Three‑story brick building with ground‑floor commercial space and two three‑bedroom apartments; Approximately 3,000 square feet of interior area and an unfinished cellar; Separate utilities for each unit
