Renovated Vented Retail
For Sale
$999,999
902 Broadway, Brooklyn, NY 11206
Commercial Sale, Brooklyn, NY
Property Size1,630 SF
Price / SF$613.50
Days on Market79
Property Features for 902 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Subdivision
Bedford-Stuyvesant
View
City
Standard status
Active
Building Details
Architectural style
Other
Listing Agency:
Tri State Commercial Realty LLC
Listed By:
Shlomi Bagdadi · License #10311204539
(718) 437-6100
Added: Jul 15
Changed: Oct 1
Last Checked: Oct 1 at 6:06PM
MLS# 11991485
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This one-story retail building at 902 Broadway in Brooklyn offers 1,630 SF of buildable area. The property was recently renovated and includes a vented configuration suited to retail use.
Located in the Bushwick area, the storefront provides a compact commercial footprint within Brooklyn.
Located in the Bushwick area, the storefront provides a compact commercial footprint within Brooklyn.
Key Highlights
- 1,630 SF of buildable area
- Recently renovated one‑story retail building
- Vented building configuration
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
$78,166
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
7.82%
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%
$1,563,320
$1.6M
Cap Rate 7%
$1,116,657
$1.1M
Cap Rate 9%
$868,511
$868.5K
Market Conditions
NOI Build-Up for 1,630 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
$126.7K $77.76/SF
− Vacancy
−$15.1K −$9.25/SF
EGI
$111.7K $68.51/SF
− OpEx
−$33.5K −$20.55/SF
NOI
$78.2K $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 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%
$1,563,320
Cap Rate 7%
$1,116,657
Cap Rate 9%
$868,511
Alternative Uses
Best Use
Retail
$1.12M
$977.1K – $1.30M
NOI $78,166 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,475 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flower Pot Florist — 660 Lafayette Ave, Brooklyn, NY 11216
- Julia Testa — 836 Dekalb Ave, Brooklyn, NY 11221
- Jerry Peeler's Florist - Flower Delivery Brooklyn NY — 1176 broadway, brooklyn, ny 11221
- Luxuria Flowers — 1060 Broadway, Brooklyn, NY 11221
- Mwah Flowers/Events By Leilani — 1086 Broadway, Brooklyn, NY 11221
Frequently Asked Questions
What type of property is this?
Storefront property - One-story retail space with a vented building configuration.
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: 1,630 SF of buildable area; Recently renovated one‑story retail building; Vented building configuration
