Column-Free Storefront
New
For Sale
$10,000,000
866 E 29th St, Brooklyn, NY 11210
The Brooklyn property sits near Brooklyn College, shopping, medical offices and educational facilities.
Property Size16,000 SF
Price / SF$625
Days on Market2
Property Features for 866 E 29th St
General Information
Standard status
Active
Size
16,000 SF
Property subtype
Commercial
Additional Details
Frontage
160 ft
Taxes and HOA fees
Annual Taxes
$141,548
Building Details
Building Size
16,000 SF
Year Built
1927
Listing Agency:
DiTommaso Real Estate
Listed By:
Nissim Twito · License #10401340779
(718) 667-8000
Source:
Elliman
Added: Oct 19
Last Checked: Oct 19 at 2:21PM
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 DiTommaso Real Estate
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.
At 866 East 29th Street, this single-building storefront property contains approximately 16,000 square feet. Its column-free interior supports flexible space planning, with ceiling heights of approximately 12 to 20 feet and about 160 feet of street frontage. The building dates to 1927.
The property is near Brooklyn College, shopping, medical offices and educational facilities. Reported mobility scores are 91 for walking, 96 for transit and 66 for biking. Community facility or nonprofit operations may be considered only where permitted and subject to required approvals; prospective occupants should confirm suitability for their intended use.
The property is near Brooklyn College, shopping, medical offices and educational facilities. Reported mobility scores are 91 for walking, 96 for transit and 66 for biking. Community facility or nonprofit operations may be considered only where permitted and subject to required approvals; prospective occupants should confirm suitability for their intended use.
Key Highlights
- Approximately 16,000 square feet in a single building
- Column‑free interior with ceiling heights from approximately 12 to 20 feet
- Approximately 160 feet of street frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$767,273
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$15,345,460
$15.3M
Cap Rate 7%
$10,961,043
$11.0M
Cap Rate 9%
$8,525,256
$8.5M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$1.24M $77.76/SF
− Vacancy
−$148.1K −$9.25/SF
EGI
$1.10M $68.51/SF
− OpEx
−$328.8K −$20.55/SF
NOI
$767.3K $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%
$15,345,460
Cap Rate 7%
$10,961,043
Cap Rate 9%
$8,525,256
Alternative Uses
Best Use
Retail
$10.96M
$9.59M – $12.79M
NOI $767,273 @ 7.0% cap · market cap 7.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$13.25M
$11.59M – $15.46M
NOI $927,360 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,461
Businesses Nearby
294k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 24%
Groceries 11%
Electronics 4%
Dallas BBQ
Dining
46,854 visits/mo
0.3 miles
McDonald's
Dining
40,645 visits/mo
0.3 miles
Chase Bank
Shops & Services
25,765 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
19,495 visits/mo
0.3 miles
Fine Fare
Groceries
18,771 visits/mo
0.5 miles
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Y.B. Florist — 1319 E 19th St, Brooklyn, NY 11230
- Flowers On M — 1904 Avenue M, Brooklyn, NY 11230
- Primrose Floral Design Inc — 2922 Avenue M, Brooklyn, NY 11210
- Sympathy Flowers — 1995 Flatbush Ave, Brooklyn, NY 11234
- Same Day Flower Delivery — 1991 Flatbush Ave, Brooklyn, NY 11234
Frequently Asked Questions
What type of property is this?
Storefront property - The Brooklyn property sits near Brooklyn College, shopping, medical offices and educational facilities.
Where is this storefront property located?
The property is located at 866 E 29th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Approximately 16,000 square feet in a single building; Column‑free interior with ceiling heights from approximately 12 to 20 feet; Approximately 160 feet of street frontage
