Mixed-Use Building with
7201 20th Avenue Brooklyn, NY 11204
For Sale
$2,750,000
Mixed-use property includes five 2-bedroom apartments and a ground-floor retail space on a busy corridor.
Property Size5,400 SF
Price / SF$509.26
Days on Market111
Property Features for 7201 20th Avenue
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1927
Listing Agency:
Real Broker NY LLC
(718) 269-4598
Listed By:
Mina Abusafe · License #ma4397
(718) 269-4598
Source:
Compass
Added: Apr 8
Changed: Jul 21
Last Checked: Jul 26 at 11:53AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
Mixed-use building offered for sale featuring five residential units and one ground-floor retail space. Each apartment is configured as a 2-bedroom layout. The property is described as well maintained and includes brand new boilers and individual hot water heaters for each unit.
The building is located on a busy corridor along 20th Avenue, positioned to serve both residential and retail uses with convenient access to transportation and local shopping and dining.
The listing also notes that tenants are responsible for heat, electricity, and cooking gas, which reduces owner-paid utilities. Residential units are described as fully free-market.
The building is located on a busy corridor along 20th Avenue, positioned to serve both residential and retail uses with convenient access to transportation and local shopping and dining.
The listing also notes that tenants are responsible for heat, electricity, and cooking gas, which reduces owner-paid utilities. Residential units are described as fully free-market.
Key Highlights
- Mixed‑use building built in 1927 with 5 residential units (2‑bedroom each) plus 1 ground‑floor retail space
- Gross cap rate of 6.3% and net cap rate of 4.3%
- Tenants pay their own heat, electricity, and cooking gas, helping reduce owner expenses
Financial Insights For Mixed Use
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 | $356.4k | $66.00 |
| − Vacancy | −$42.8k | −$7.92 |
| EGI | $313.6k | $58.08 |
| − OpEx | −$117.6k | −$21.78 |
| NOI | $196.0k | $36.30 |
5,400 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$3.70M
$3.24M – $4.32M
NOI $258,955 @ 7.0% cap · market cap 9.42%
Second Best
Mixed Use
$2.80M
$2.45M – $3.27M
NOI $196,020 @ 7.0% cap · market cap 7.13%
Theoretical Best
Specialty Retail
$4.47M
$3.91M – $5.22M
NOI $312,984 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Optima Discount
Grocery & Convenience Store
7201 20th Ave
Building
FAQs
What type of property is this?
Apartment building - Mixed-use property includes five 2-bedroom apartments and a ground-floor retail space on a busy corridor.
Where is this apartment building located?
The property is located at 7201 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Mixed‑use building built in 1927 with 5 residential units (2‑bedroom each) plus 1 ground‑floor retail space; Gross cap rate of 6.3% and net cap rate of 4.3%; Tenants pay their own heat, electricity, and cooking gas, helping reduce owner expenses
