Renovated One-Story
For Sale
$999,999
902 Broadway, Brooklyn, NY 11206
Vented retail premises with recent renovations and prominent signage opportunities along Broadway.
Property Size800 SF
Price / SF$1,249
Days on Market58
Property Features for 902 Broadway
General Information
Standard status
Active
Size
800 SF
Property subtype
Street Retail
Amenities
vented
Building Details
Building Size
800 SF
Buildings
1
Stories
1
Listing Agency:
Tri State Commercial Realty
Listed By:
Shlomi Bagdadi · License #10311204539
(718) 437-6100
Source:
Thebrokerlist
Added: Aug 4
Changed: Sep 4
Last Checked: Sep 29 at 6:02AM
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 Tri State Commercial Realty
Investment Insights
Based on property information with market context.
This one-story storefront at 902 Broadway provides approximately 800 square feet of retail space within a compact, customer-facing format. Recent renovations and existing ventilation support a ready-to-use setting for retail, food and beverage, or other commercial occupancy, subject to applicable requirements. The property is classified under C4-4L / EC-4 zoning.
Positioned on Broadway in Bushwick, Brooklyn, the storefront offers an address-oriented presence for businesses serving the surrounding neighborhood. Signage opportunities add an identifiable element to the exterior, while the efficient footprint can accommodate a focused retail operation or owner-user configuration.
Positioned on Broadway in Bushwick, Brooklyn, the storefront offers an address-oriented presence for businesses serving the surrounding neighborhood. Signage opportunities add an identifiable element to the exterior, while the efficient footprint can accommodate a focused retail operation or owner-user configuration.
Key Highlights
- Approximately 800 square feet of retail space
- One‑story storefront building
- Recently renovated interior
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,364
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,280
$767.3K
Cap Rate 7%
$548,057
$548.1K
Cap Rate 9%
$426,267
$426.3K
Market Conditions
NOI Build-Up for 800 SF
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.
Gross rent
$62.2K $77.76/SF
− Vacancy
−$7.4K −$9.25/SF
EGI
$54.8K $68.51/SF
− OpEx
−$16.4K −$20.55/SF
NOI
$38.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$767,280
Cap Rate 7%
$548,057
Cap Rate 9%
$426,267
Alternative Uses
Best Use
Retail
$548.1K
$479.6K – $639.4K
NOI $38,364 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$662.4K
$579.6K – $772.8K
NOI $46,368 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,853
Businesses Nearby
316k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Groceries 22%
Shops & Services 21%
Electronics 10%
Food Bazaar Supermarket
Groceries
41,952 visits/mo
0.1 miles
McDonald's
Dining
37,292 visits/mo
0.4 miles
Dunkin' Donuts
Dining
35,295 visits/mo
0.1 miles
Shoppers World
Apparel
16,961 visits/mo
0.4 miles
BP
Shops & Services
15,657 visits/mo
0.3 miles
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Vented retail premises with recent renovations and prominent signage opportunities along Broadway.
Where is this storefront property located?
The property is located at 902 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 800 square feet of retail space; One‑story storefront building; Recently renovated interior
