Mixed-Use Building with
88 Kings Highway Brooklyn, NY 11214
For Sale
$2,000,000
Mixed-use building with a ground-floor pharmacy and two residential apartments above, plus a full commercial basement.
Property Size2,320 SF
Price / SF$862.07
Days on Market83
Property Features for 88 Kings Highway
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #mz4172
(718) 612-3088
Source:
Compass
Added: May 3
Changed: Jul 23
Last Checked: Jul 23 at 6:00PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor commercial space currently operating as a pharmacy, with two residential apartments above. There is also a full commercial basement that can provide additional income and/or storage capacity.
The building is situated on Kings Highway between Bay Parkway and Stillwell Avenue. The location is described as a busy retail corridor with convenient access to nearby shopping, schools, restaurants, and daily essentials, including proximity to the N train.
Overall, the property offers a combined commercial and residential setup with basement space for additional flexibility.
The building is situated on Kings Highway between Bay Parkway and Stillwell Avenue. The location is described as a busy retail corridor with convenient access to nearby shopping, schools, restaurants, and daily essentials, including proximity to the N train.
Overall, the property offers a combined commercial and residential setup with basement space for additional flexibility.
Key Highlights
- Mixed‑use building with 3 total units: a ground‑floor commercial space plus two residential apartments above
- Ground‑floor commercial space is currently operating as a pharmacy
- Includes a full commercial basement for additional income or storage
Financial Insights For Multifamily LT 5
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 | $94.7k | $40.80 |
| − Vacancy | −$4.3k | −$1.84 |
| EGI | $90.4k | $38.96 |
| − OpEx | −$27.1k | −$11.69 |
| NOI | $63.3k | $27.27 |
2,320 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,736 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lakhtarnik Viktoria
Pharmacy
Kira's Pharmacy
Pharmacy
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with a ground-floor pharmacy and two residential apartments above, plus a full commercial basement.
Where is this mixed-use property located?
The property is located at 88 Kings Highway Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Mixed‑use building with 3 total units: a ground‑floor commercial space plus two residential apartments above; Ground‑floor commercial space is currently operating as a pharmacy; Includes a full commercial basement for additional income or storage
