Two-Building Mixed-Use
For Sale
$2,999,000
8717 18th Avenue, Brooklyn, NY 11214
Package includes commercial storefronts and one three-bedroom apartment in each building, with separately metered utility responsibility for occupants.
Property Size5,631 SF
Price / SF$532.59
Days on Market48
Property Features for 8717 18th Avenue
General Information
Standard status
Active
Size
5,631 SF
Property subtype
Mixed Use
Listing Agency:
Brooklyn4U Rltyof DykerHeights
Listed By:
Maria Castellano
(718) 236-1800
Source:
Prideestates
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 24 at 5:19PM
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 Brooklyn4U Rltyof DykerHeights
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Investment Insights
Based on property information with market context.
This mixed-use package comprises two buildings situated on the same block and lot. Each structure contains a storefront and a three-bedroom apartment, creating a combined commercial and residential configuration. The property size is 5,631 square feet.
Separate boilers and hot-water heaters serve the two buildings. Occupants pay their own utilities. The addresses are 8717 18th Avenue and 118 Bay 19, with public transportation, schools, and shopping identified in the surrounding area.
Separate boilers and hot-water heaters serve the two buildings. Occupants pay their own utilities. The addresses are 8717 18th Avenue and 118 Bay 19, with public transportation, schools, and shopping identified in the surrounding area.
Key Highlights
- Two mixed‑use buildings on the same block and lot
- 5,631‑square‑foot property
- Each building includes 1 storefront and 1 three‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,647
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,752,940
$2.8M
Cap Rate 7%
$1,966,386
$2.0M
Cap Rate 9%
$1,529,411
$1.5M
Market Conditions
NOI Build-Up for 5,631 SF
Gross rent
$260.2K $46.20/SF
− Vacancy
−$9.9K −$1.76/SF
EGI
$250.3K $44.44/SF
− OpEx
−$112.6K −$20.00/SF
NOI
$137.6K $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%
$2,752,940
Cap Rate 7%
$1,966,386
Cap Rate 9%
$1,529,411
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.72M – $2.29M
NOI $137,647 @ 7.0% cap · market cap 4.59%
Second Best
Mixed Use
$1.71M
$1.49M – $1.99M
NOI $119,531 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$3.28M
$2.87M – $3.83M
NOI $229,939 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,085
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 35%
Apparel 10%
Groceries 9%
Popeyes Louisiana Kitchen
Dining
24,696 visits/mo
0.4 miles
Bank of America
Shops & Services
15,565 visits/mo
0.5 miles
Key Food
Groceries
13,779 visits/mo
0.0 miles
VIM
Apparel
13,470 visits/mo
0.4 miles
Chase Bank
Shops & Services
13,449 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Package includes commercial storefronts and one three-bedroom apartment in each building, with separately metered utility responsibility for occupants.
Where is this mixed-use property located?
The property is located at 8717 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Two mixed‑use buildings on the same block and lot; 5,631‑square‑foot property; Each building includes 1 storefront and 1 three‑bedroom apartment
