Mixed-Use Retail and
6604 17th Avenue Brooklyn, NY 11204
For Sale
$1,550,000
Mixed-use building with one retail unit and three apartments, including a full basement with front and rear access.
Property Size2,800 SF
Lot Size0.04 Acres
Price / SF$553.57
Days on Market121
Property Features for 6604 17th Avenue
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Shaojie (Jayden) Liang · License #sl6230
(718) 210-2727
Source:
Compass
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 9:19AM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property includes one commercial unit and three residential units within a 20’x70’ lot and a 20’x70’ building footprint. The usable space is approximately 2,800 sq ft, with about 700 sq ft dedicated to the commercial portion and about 2,100 sq ft for residential use. The first floor offers one retail store and one one-bedroom apartment, while the second floor provides two additional one-bedroom apartments. A full basement includes both front and rear access, and the building has separate heat and hot water systems. Built in 1931 and zoned R5, the property is configured for owner-occupants or investors seeking a live-work setup.
The building is located at 6604 17th Avenue in Brooklyn, near the N train for access to Manhattan and surrounding neighborhoods. It is also described as minutes from the 18th Avenue commercial corridor, including major retailers such as Target and Five Below, along with restaurants, supermarkets, and local businesses.
The asset is arranged vertically with retail at street level and residential units above, supported by a full basement and independent heating and hot water services for the building.
The building is located at 6604 17th Avenue in Brooklyn, near the N train for access to Manhattan and surrounding neighborhoods. It is also described as minutes from the 18th Avenue commercial corridor, including major retailers such as Target and Five Below, along with restaurants, supermarkets, and local businesses.
The asset is arranged vertically with retail at street level and residential units above, supported by a full basement and independent heating and hot water services for the building.
Key Highlights
- Mixed‑use building with 1 retail unit and 3 residential units (2,100 sq ft residential + 700 sq ft commercial) totaling about 2,800 sq ft usable space
- First floor offers 1 retail store and 1 one‑bedroom apartment; second floor has 2 additional one‑bedroom apartments
- Full basement with separate entrance plus front and rear access; unfinished basement with poured concrete foundation
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 | $217.7k | $77.76 |
| − Vacancy | −$25.9k | −$9.25 |
| EGI | $191.8k | $68.51 |
| − OpEx | −$57.5k | −$20.55 |
| NOI | $134.3k | $47.95 |
2,800 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.92M
$1.68M – $2.24M
NOI $134,273 @ 7.0% cap · market cap 8.66%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,640 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with one retail unit and three apartments, including a full basement with front and rear access.
Where is this mixed-use property located?
The property is located at 6604 17th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Mixed‑use building with 1 retail unit and 3 residential units (2,100 sq ft residential + 700 sq ft commercial) totaling about 2,800 sq ft usable space; First floor offers 1 retail store and 1 one‑bedroom apartment; second floor has 2 additional one‑bedroom apartments; Full basement with separate entrance plus front and rear access; unfinished basement with poured concrete foundation
