Mixed-Use Property with Two
For Sale
$2,580,000
8720 18th Avenue, Brooklyn, NY 11214
Two retail stores and two three-bedroom apartments occupy this mixed-use property near dining, shopping, and multiple transit options.
Property Size2,736 SF
Price / SF$942.98
Days on Market659
Property Features for 8720 18th Avenue
General Information
Standard status
Active
Size
2,736 SF
Property subtype
Mixed Use
Net Operating Income
$123,800
Taxes and HOA fees
Annual Taxes
$38,000
Amenities
220 V
Hardwood, Tile
4
Finished, Full, Separate Entrance, Walk-in
Poured Concrete
Brick
Other
Yes
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
E House Realty & Mgt. Inc.
Listed By:
Shu Yan (Helen) Lin · License #SYL5656
(718) 680-2776
Source:
Compass
Added: Dec 28, 2024
Changed: Oct 15
Last Checked: Oct 16 at 11:15AM
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 E House Realty & Mgt. Inc.
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 mixed-use property at 8720 18th Avenue includes two stores and two apartments within 2,736 square feet. Each apartment has three bedrooms and one bathroom, providing a consistent residential layout alongside the commercial storefronts. The building dates to 1950 and features brick construction, hardwood and tile finishes, 220 V service, and poured-concrete elements.
The property is surrounded by dining and shopping options and is served by the B8, B1, B64, and D train transit routes. Separate entrances and walk-in areas are among the listed interior features, supporting distinct access within the building.
The property is surrounded by dining and shopping options and is served by the B8, B1, B64, and D train transit routes. Separate entrances and walk-in areas are among the listed interior features, supporting distinct access within the building.
Key Highlights
- Mixed‑use building with 2 stores and 2 apartments
- 2,736 square feet of total property size
- Both apartments include 3 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,624
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,480
$1.5M
Cap Rate 7%
$1,066,057
$1.1M
Cap Rate 9%
$829,156
$829.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$111.6K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.6K $38.96/SF
− OpEx
−$32.0K −$11.69/SF
NOI
$74.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,480
Cap Rate 7%
$1,066,057
Cap Rate 9%
$829,156
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.8K – $1.24M
NOI $74,624 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$955.4K
$836.0K – $1.11M
NOI $66,880 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.60M
$1.40M – $1.86M
NOI $111,723 @ 7.0% cap · market cap 4.33%
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
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,085
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
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 - Two retail stores and two three-bedroom apartments occupy this mixed-use property near dining, shopping, and multiple transit options.
Where is this mixed-use property located?
The property is located at 8720 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,580,000.
What are key features of this property?
This property features: Mixed‑use building with 2 stores and 2 apartments; 2,736 square feet of total property size; Both apartments include 3 bedrooms and 1 bathroom
