Mixed-Use Property with
6903 8th Avenue, Brooklyn, NY 11228
For Sale
$1,690,000
The upper-level apartment has three bedrooms, one full bathroom, and will be delivered vacant.
Property Size2,000 SF
Lot Size0.03 Acres
Price / SF$845
Days on Market54
Property Features for 6903 8th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Frontage
Mixed-Use Components
Additional Details
Gross Income
Tenant in Place
Amenities
Hardwood,Tile
Gas
2
2000
Finished,Full
Brick
1197
Poured Concrete
20.00
20
50.00
60
Yes
Building Details
Year Built
Buildings
Stories
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License NY HTL8672
(917) 708-9966
Source:
Suitsre
Added: Sep 19
Changed: Nov 9
Last Checked: Nov 10 at 6:20AM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This attached mixed-use property contains 2,000 square feet on a 20-by-60-foot lot. The first floor and finished basement are occupied by a hair salon under a lease running through 2029. The commercial tenant pays its own utilities and 30% of the property taxes. Above, a three-bedroom apartment with one full bathroom will be delivered vacant. The building dates to 1928 and is zoned R5B.
Located at 6903 8th Avenue in Brooklyn, the property combines commercial space with a separate residential apartment. The current salon occupancy and vacant upper-level unit offer distinct configurations within the building.
Located at 6903 8th Avenue in Brooklyn, the property combines commercial space with a separate residential apartment. The current salon occupancy and vacant upper-level unit offer distinct configurations within the building.
Key Highlights
- 2,000‑square‑foot mixed‑use property on a 20' × 60' lot
- Salon occupies the first floor and finished basement under lease through 2029
- Three‑bedroom, one‑bathroom apartment will be delivered vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,909
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,918,180
$1.9M
Cap Rate 7%
$1,370,129
$1.4M
Cap Rate 9%
$1,065,656
$1.1M
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$155.5K $77.76/SF
− Vacancy
−$18.5K −$9.25/SF
EGI
$137.0K $68.51/SF
− OpEx
−$41.1K −$20.55/SF
NOI
$95.9K $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%
$1,918,180
Cap Rate 7%
$1,370,129
Cap Rate 9%
$1,065,656
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,909 @ 7.0% cap · market cap 5.68%
Second Best
Mixed Use
$1.04M
$907.5K – $1.21M
NOI $72,600 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,837
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Dining 6%
Home Improvements & Furnishings 3%
Chase Bank
Shops & Services
16,183 visits/mo
0.3 miles
Shell
Shops & Services
14,799 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,325 visits/mo
0.4 miles
Bank of America
Shops & Services
12,467 visits/mo
0.3 miles
Capital One Bank
Shops & Services
7,048 visits/mo
0.4 miles
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The upper-level apartment has three bedrooms, one full bathroom, and will be delivered vacant.
Where is this mixed-use property located?
The property is located at 6903 8th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: 2,000‑square‑foot mixed‑use property on a 20' × 60' lot; Salon occupies the first floor and finished basement under lease through 2029; Three‑bedroom, one‑bathroom apartment will be delivered vacant
