Residential Income
For Sale
Contact for pricing
535 Bergen Street, Brooklyn, NY 11217
Residential income building in Prospect Heights near Bergen St subway service and multiple retail anchors.
Property Size13,628 SF
Price / SF$953.92
Days on Market201
Property Features for 535 Bergen Street
General Information
Standard status
Active
Size
13,628 SF
Property subtype
Special Purpose
Zoning
R6B
Building Details
Year Built
1900
Buildings
2
Stories
4
Listing Agency:
Tri State Commercial
Listed By:
Fred Betesh · License #NY1234
(718) 437-6100
Source:
Crexi
Added: Apr 12
Changed: Oct 25
Last Checked: Oct 28 at 8:04AM
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 Tri State Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is located in Brooklyn’s Prospect Heights neighborhood between 6th Ave and Carlton Ave, near the Bergen St subway station and a public park. The surrounding area includes a large national retailer block, supporting a strong retail mix in the immediate vicinity.
For transit access, the property is near the 2, 3, and 4 trains at Bergen St and the B65 bus line. Nearby businesses include TD Bank, Orangetheory, Doughnut Plant, McDonald’s, Whole Foods Market, Marshalls, Atlantic Terminal, Best Buy, Sephora, Van Leeuwen, and additional retailers and services.
The offering is presented for sale, and interested parties may request additional details on the property’s structure and unit configuration from the listing team.
For transit access, the property is near the 2, 3, and 4 trains at Bergen St and the B65 bus line. Nearby businesses include TD Bank, Orangetheory, Doughnut Plant, McDonald’s, Whole Foods Market, Marshalls, Atlantic Terminal, Best Buy, Sephora, Van Leeuwen, and additional retailers and services.
The offering is presented for sale, and interested parties may request additional details on the property’s structure and unit configuration from the listing team.
Key Highlights
- Residential income building in Prospect Heights, Brooklyn, between 6th Ave and Carlton Ave
- Near Bergen St subway station with the 2, 3, and 4 trains
- Close to a public park and a large national retailer block
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$416,049
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,320,980
$8.3M
Cap Rate 7%
$5,943,557
$5.9M
Cap Rate 9%
$4,622,767
$4.6M
Market Conditions
NOI Build-Up for 13,628 SF
Gross rent
$771.9K $56.64/SF
− Vacancy
−$15.4K −$1.13/SF
EGI
$756.5K $55.51/SF
− OpEx
−$340.4K −$24.98/SF
NOI
$416.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,320,980
Cap Rate 7%
$5,943,557
Cap Rate 9%
$4,622,767
Alternative Uses
Best Use
Apartment 5plus
$5.94M
$5.20M – $6.93M
NOI $416,049 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.28M
$9.87M – $13.16M
NOI $789,879 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
8,517
Businesses Nearby
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Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Residential income building in Prospect Heights near Bergen St subway service and multiple retail anchors.
Where is this residential income property located?
The property is located at 535 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $13,000,000.
What are key features of this property?
This property features: Residential income building in Prospect Heights, Brooklyn, between 6th Ave and Carlton Ave; Near Bergen St subway station with the 2, 3, and 4 trains; Close to a public park and a large national retailer block
