Mixed-Use Building with Corner
8001 18th Avenue, Brooklyn, NY 11214
For Sale
$2,990,000
Five residential units sit above a street-level store, with separate utilities serving the property.
Property Size4,860 SF
Lot Size0.04 Acres
Price / SF$615.23
Days on Market123
Property Features for 8001 18th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Corner Location
Public Transit
Mixed-Use Components
Units
Multifamily Units
Individually Metered Utilities
Amenities
Hardwood,Tile
Gas
6
4860
Brick
1680
Poured Concrete
20.00
20
81.00
84
Yes
Building Details
Year Built
Buildings
Stories
Listing Agency:
Tiger Realty
Listed By:
Patsy P. He
(917) 708-9966
Source:
Suitsre
Added: Jul 12
Changed: Nov 10
Last Checked: Nov 10 at 2:14PM
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 semi-detached mixed-use building combines one store with five residential units. The property contains 14 bedrooms and 9 bathrooms, with separate utilities. Built in 1931, the building measures 20 by 81 feet on a 20 by 84-foot lot, with a reported property size of 4,860 square feet. Zoning is R5.
The retail space is described as a corner unit. The address is 8001 18th Avenue in Brooklyn, and the property is near shopping, supermarkets, restaurants, schools, parks, and public transportation.
The retail space is described as a corner unit. The address is 8001 18th Avenue in Brooklyn, and the property is near shopping, supermarkets, restaurants, schools, parks, and public transportation.
Key Highlights
- One store and 5 residential units
- 14 bedrooms and 9 bathrooms
- Reported property size: 4,860 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,800
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,000
$2.4M
Cap Rate 7%
$1,697,143
$1.7M
Cap Rate 9%
$1,320,000
$1.3M
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$224.5K $46.20/SF
− Vacancy
−$8.5K −$1.76/SF
EGI
$216.0K $44.44/SF
− OpEx
−$97.2K −$20.00/SF
NOI
$118.8K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,000
Cap Rate 7%
$1,697,143
Cap Rate 9%
$1,320,000
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,800 @ 7.0% cap · market cap 3.97%
Second Best
Mixed Use
$1.47M
$1.29M – $1.72M
NOI $103,164 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$2.84M
$2.48M – $3.31M
NOI $198,456 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,085
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five residential units sit above a street-level store, with separate utilities serving the property.
Where is this mixed-use property located?
The property is located at 8001 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: One store and 5 residential units; 14 bedrooms and 9 bathrooms; Reported property size: 4,860 square feet
