Mixed-Use Townhouse with Retail
For Sale
$2,700,000
598 PACIFIC Street, Brooklyn, NY 11217
Two-level vacant retail space is paired with an income-producing two-bedroom residential duplex.
Property Size2,400 SF
Price / SF$1,125
Days on Market200
Property Features for 598 PACIFIC Street
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Mixed Use
Additional Details
Gross Income
$36,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,268
Building Details
Building Size
2,400 SF
Year Built
1899
Buildings
1
Tenancy
Multi
Listing Agency:
Serhant
Listed By:
Nile Lundgren
(917) 453-4526
Source:
Carlinwright
Added: Apr 16
Changed: Oct 31
Last Checked: Oct 30 at 11:37PM
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 Serhant
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Investment Insights
Based on property information with market context.
This mixed-use townhouse contains a vacant retail duplex with a sub-basement and a two-bedroom residential duplex. The commercial component spans two levels, while the residential portion provides in-place rental income. The property offers separate commercial and residential components within a single building, supporting retail or other commercial occupancy alongside housing.
Located directly across from Barclays Center, the property is positioned within the Pacific Park district and near Park Slope, Prospect Heights, and Downtown Brooklyn. Multiple subway lines provide access to surrounding Brooklyn hubs. The building contains approximately 2,400 square feet and was built in 1899.
Located directly across from Barclays Center, the property is positioned within the Pacific Park district and near Park Slope, Prospect Heights, and Downtown Brooklyn. Multiple subway lines provide access to surrounding Brooklyn hubs. The building contains approximately 2,400 square feet and was built in 1899.
Key Highlights
- Mixed‑use townhouse with approximately 2,400 square feet
- Vacant retail duplex with sub‑basement
- Two‑bedroom residential duplex generating rental income
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,091
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,301,820
$2.3M
Cap Rate 7%
$1,644,157
$1.6M
Cap Rate 9%
$1,278,789
$1.3M
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$186.6K $77.76/SF
− Vacancy
−$22.2K −$9.25/SF
EGI
$164.4K $68.51/SF
− OpEx
−$49.3K −$20.55/SF
NOI
$115.1K $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%
$2,301,820
Cap Rate 7%
$1,644,157
Cap Rate 9%
$1,278,789
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,091 @ 7.0% cap · market cap 4.26%
Second Best
Mixed Use
$1.24M
$1.09M – $1.45M
NOI $87,120 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 5.15%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,382
Businesses Nearby
161k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 32%
Home Improvements & Furnishings 5%
Hotels & Casinos 3%
Chick-fil-A
Dining
35,688 visits/mo
0.0 miles
Shell
Shops & Services
22,155 visits/mo
0.3 miles
Shake Shack
Dining
18,217 visits/mo
0.0 miles
TD Bank
Shops & Services
15,811 visits/mo
0.2 miles
Chipotle Mexican Grill
Dining
9,346 visits/mo
0.5 miles
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level vacant retail space is paired with an income-producing two-bedroom residential duplex.
Where is this mixed-use property located?
The property is located at 598 PACIFIC Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Mixed‑use townhouse with approximately 2,400 square feet; Vacant retail duplex with sub‑basement; Two‑bedroom residential duplex generating rental income
