Mixed-Use Building with
644 Wilson Ave Brooklyn, NY 11207
644 Wilson Ave, Brooklyn, NY, 11207
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For Sale
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A mixed-use building with five free-market apartments over a deli/grocery retail space, with separate utilities by use.
Property Size4,500 SF
Price / SF$665.56
Days on Market136
Property Features for 644 Wilson Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1906
Listing agency
Marcus & Millichap - Manhattan
Listed by
Mike Salvatico · License #10301216098
Source
Crexi
Added: Mar 9 Updated: Jul 20 at 9:13PM Checked: Jul 21 at 4:37AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This mixed-use building spans approximately 4,500 square feet above grade and features five free-market apartments over a deli/grocery retail space. The residential layout includes four two-bedroom apartments and one one-bedroom apartment. Separate utilities are provided for the retail and residential tenants.
The property is described as having high-end finishes throughout. Tax information is noted as a split heating and cooling tax class 2A, with an annual tax bill of $12,176.
Retail is operated as a deli/grocery space beneath the apartments, creating a combined vertical living-and-shopping configuration in one building.
The property is described as having high-end finishes throughout. Tax information is noted as a split heating and cooling tax class 2A, with an annual tax bill of $12,176.
Retail is operated as a deli/grocery space beneath the apartments, creating a combined vertical living-and-shopping configuration in one building.
Key Highlights
- Mixed‑use building with approx. 4,500 SF above grade, featuring 5 free‑market apartments over a deli/grocery retail space
- Legal I‑card setup for 5 apartments plus 1 retail space
- Apartment mix: four 2‑bedroom units and one 1‑bedroom unit
Local Financial Insights For Specialty 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 | $378.0k | $84.00 |
| − Vacancy | −$30.2k | −$6.72 |
| EGI | $347.8k | $77.28 |
| − OpEx | −$86.9k | −$19.32 |
| NOI | $260.8k | $57.96 |
4,500 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.73M
$3.26M – $4.35M
NOI $260,820 @ 7.0% cap · market cap 8.71%
Second Best
Retail
$3.08M
$2.70M – $3.60M
NOI $215,796 @ 7.0% cap · market cap 7.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Plantega - Firehouse Deli ...
Restaurant
Firehouse Deli & Grill ...
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - A mixed-use building with five free-market apartments over a deli/grocery retail space, with separate utilities by use.
Where is this mixed-use property located?
The property is located at 644 Wilson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Mixed‑use building with approx. 4,500 SF above grade, featuring 5 free‑market apartments over a deli/grocery retail space; Legal I‑card setup for 5 apartments plus 1 retail space; Apartment mix: four 2‑bedroom units and one 1‑bedroom unit
