Brooklyn Mixed-Use Property For
8681 18th Ave Brooklyn, NY 11214
8681 18th Ave, Brooklyn, NY, 11214
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For Sale
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Mixed-use property with two commercial tenants and tax abatement.
Property Size11,600 SF
Price / SF$594.83
Days on Market1010
Property Features for 8681 18th Ave
General Information
- Standard status
- Active
- Size
- 11,600 SF
- Property subtype
- Mixed Use
Listing agency
Commercial Acquisitions
(718) 517-8700
Listed by
Arsen Atbashyan · License #NY 0000
Source
Crexi
Added: Oct 18, 2023 Updated: Jul 6 at 8:12AM Checked: Jul 22 at 9:21AM
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 Commercial Acquisitions
Investment Insights
Based on property information with market context.
This mixed-use property is located in a high-traffic area of Brooklyn. The property features two commercial tenants. A tax abatement is in place until 2027. The property size is 11600 square feet.
Key Highlights
- Tax Abatement Until 2027
- Located in a High Traffic Area
- Two Commercial Tenants in Place
Local 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 | $431.5k | $37.20 |
| − Vacancy | −$37.5k | −$3.24 |
| EGI | $394.0k | $33.96 |
| − OpEx | −$147.7k | −$12.74 |
| NOI | $246.2k | $21.23 |
11,600 SF · lease $37.20/SF/yr · vacancy 8.70% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$3.52M
$3.08M – $4.10M
NOI $246,236 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.77M
$5.92M – $7.89M
NOI $473,681 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Little Gym of Bay ...
Training Center
Love and Joy Senior ...
Adult Day Care
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FAQs
What type of property is this?
Mixed-use property - Mixed-use property with two commercial tenants and tax abatement.
Where is this mixed-use property located?
The property is located at 8681 18th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Tax Abatement Until 2027; Located in a High Traffic Area; Two Commercial Tenants in Place
