Four-Story Mixed-Use
For Sale
Contact for pricing
84 Hoyt Street, Brooklyn, NY 11201
Mixed-use property combining ground-floor retail with three residential apartments in Boerum Hill.
Property Size2,200 SF
Price / SF$1,227
Days on Market197
Property Features for 84 Hoyt Street
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
R7A, C2-4
Occupancy
75%
Net Operating Income
$186,401
Building Details
Year Built
1899
Buildings
1
Stories
3
Units
3
Tenancy
Multi
Listing Agency:
GFI Realty Services LLC
Listed By:
Traci-lea Dixon · License #NY 10491205528
Source:
Crexi
Added: Apr 10
Changed: Oct 14
Last Checked: Oct 23 at 5:42AM
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 GFI Realty Services LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-story mixed-use building combines a street-level retail premises with three apartments above. The residential layout includes one one-bedroom apartment and two two-bedroom apartments. The property contains approximately 3,200 SF and offers approximately 2,800 SF of additional air rights. The second-floor apartment is identified for vacant delivery, while the upper residential leases expire in 2018 and 2017; the retail lease runs through March 2020 at market rent.
The building stands on Hoyt Street between Atlantic Avenue and State Street, near Atlantic Avenue’s retail corridor. Boerum Hill’s surrounding context includes local restaurants, boutiques, luxury rentals, and brownstones, with nearby access to Brooklyn Bridge Park, Barclays Center, and Atlantic Terminal. Ten subway lines serve the surrounding area, including routes providing access toward Manhattan.
The building stands on Hoyt Street between Atlantic Avenue and State Street, near Atlantic Avenue’s retail corridor. Boerum Hill’s surrounding context includes local restaurants, boutiques, luxury rentals, and brownstones, with nearby access to Brooklyn Bridge Park, Barclays Center, and Atlantic Terminal. Ten subway lines serve the surrounding area, including routes providing access toward Manhattan.
Key Highlights
- Approximately 3,200 SF mixed‑use building with approximately 2,800 SF of additional air rights
- Four‑story configuration with ground‑floor retail and three residential units
- Residential mix includes one one‑bedroom and two two‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,500
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,110,000
$2.1M
Cap Rate 7%
$1,507,143
$1.5M
Cap Rate 9%
$1,172,222
$1.2M
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$171.1K $77.76/SF
− Vacancy
−$20.4K −$9.25/SF
EGI
$150.7K $68.51/SF
− OpEx
−$45.2K −$20.55/SF
NOI
$105.5K $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%
$2,110,000
Cap Rate 7%
$1,507,143
Cap Rate 9%
$1,172,222
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,500 @ 7.0% cap · market cap 3.91%
Second Best
Mixed Use
$1.14M
$998.3K – $1.33M
NOI $79,860 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 4.72%
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
13,903
Businesses Nearby
Explore this area
Business Placement
Demographics for 11201, NY
69,703
Population
36,155
Households
1.9
Avg Household Size
35
Median Age
79%
College-Educated
96%
High-School Grad
1.4 sq mi
ZIP Area
49,788
Density / Sq Mi
$169,285
Median Household Income
$113,681
Median Earnings
$3,207
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combining ground-floor retail with three residential apartments in Boerum Hill.
Where is this mixed-use property located?
The property is located at 84 Hoyt Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Approximately 3,200 SF mixed‑use building with approximately 2,800 SF of additional air rights; Four‑story configuration with ground‑floor retail and three residential units; Residential mix includes one one‑bedroom and two two‑bedroom apartments
