Three-Story Mixed-Use
For Sale
$3,600,000
886 Franklin Avenue, Brooklyn, NY 11225
Mixed-use property combines loft-style apartments, private outdoor space, and a deep retail storefront with basement storage.
Property Size5,300 SF
Days on Market50
Property Features for 886 Franklin Avenue
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Mixed-Use
Occupancy
100%
Additional Details
Cap Rate
6.9%
Public Transit
Yes
Multifamily Units
4
Amenities
886 Franklin Avenue is a mixed-use asset in Crown Heights, Brooklyn, containing 5 units spanning 5,300 SF.
100% Free Market | Tax Class: 2A | Zoning: R8X, C2-4
886 Franklin Avenue is in close proximity to 2,3,4 & 5 Subway lines, including connectivity to the Franklin Avenue Shuttle, connecting to the B & Q at Prospect Park and the C at Fulton Street.
Building Details
Building Size
5,300 SF
Buildings
1
Stories
3
Units
5
Listing Agency:
New York City Office
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Aug 30
Changed: Oct 7
Last Checked: Oct 16 at 5:41AM
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 New York City Office
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Investment Insights
Based on property information with market context.
This three-story mixed-use building contains four free-market apartments above a single retail space. The residential component includes two loft units on the upper floors, while each second-floor apartment provides private outdoor space. At street level, the commercial space extends 90 feet deep and is supported by a full basement.
The property is positioned along Franklin Avenue in Crown Heights, surrounded by restaurants, cafés, bars, and neighborhood retail. Prospect Park, the Brooklyn Botanic Garden, and the Brooklyn Museum are approximately a ten-minute walk away, with Medgar Evers College two blocks south. Transit is three blocks from the building, including the Franklin Avenue–Medgar Evers College express station serving the 2, 3, 4, and 5 lines. The Franklin Avenue Shuttle also provides connections to the B, Q, and C lines.
The property is positioned along Franklin Avenue in Crown Heights, surrounded by restaurants, cafés, bars, and neighborhood retail. Prospect Park, the Brooklyn Botanic Garden, and the Brooklyn Museum are approximately a ten-minute walk away, with Medgar Evers College two blocks south. Transit is three blocks from the building, including the Franklin Avenue–Medgar Evers College express station serving the 2, 3, 4, and 5 lines. The Franklin Avenue Shuttle also provides connections to the B, Q, and C lines.
Key Highlights
- Three‑story mixed‑use building with four free‑market apartments over one retail space
- Two upper‑floor apartments are configured as lofts
- Both second‑floor apartments include private outdoor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$254,159
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,083,180
$5.1M
Cap Rate 7%
$3,630,843
$3.6M
Cap Rate 9%
$2,823,989
$2.8M
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$412.1K $77.76/SF
− Vacancy
−$49.0K −$9.25/SF
EGI
$363.1K $68.51/SF
− OpEx
−$108.9K −$20.55/SF
NOI
$254.2K $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%
$5,083,180
Cap Rate 7%
$3,630,843
Cap Rate 9%
$2,823,989
Alternative Uses
Best Use
Retail
$3.63M
$3.18M – $4.24M
NOI $254,159 @ 7.0% cap · market cap 7.06%
Second Best
Mixed Use
$2.75M
$2.40M – $3.21M
NOI $192,390 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,188 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,443
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines loft-style apartments, private outdoor space, and a deep retail storefront with basement storage.
Where is this mixed-use property located?
The property is located at 886 Franklin Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Three‑story mixed‑use building with four free‑market apartments over one retail space; Two upper‑floor apartments are configured as lofts; Both second‑floor apartments include private outdoor space
