Detached Mixed-Use Corner
9024 Glenwood Road, Brooklyn, NY 11236
For Sale
$950,000
Residential, High Ranch, Brooklyn, NY
Property Size1,600 SF
Lot Size0.04 Acres
Price / SF$593.75
Days on Market55
Property Features for 9024 Glenwood Road
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Site & Location
Corner Location
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Jean Paul Ho · License NY JPH8888
(718) 875-8899
Added: Sep 21
Changed: Oct 28
Last Checked: Nov 14 at 12:06AM
MLS# 504762
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property includes a fully detached brick residential building with two five-room apartments totaling approximately 1,600 square feet. Each apartment is approximately 800 square feet and includes a kitchen, bathroom, natural light, carpet and hardwood flooring, and access to a full finished basement of approximately 800 square feet. The residence was built in 1910 and features block construction, a flat roof, and a ranch-style design.
A separate one-story commercial storefront measures approximately 450 square feet and includes a half bathroom, high ceilings, ample windows, and corner exposure. The storefront formerly operated as a deli and is accompanied by private parking and a driveway behind the building. The property occupies 0.0413 acres and is zoned R4-1. Multiple addresses associated with the property include 9024 and 9026 Glenwood Road, 9026 Glenwood Road, 2 Durland Place, and 6 Durland Place. Shopping, restaurants, buses, schools, and neighborhood amenities are nearby.
A separate one-story commercial storefront measures approximately 450 square feet and includes a half bathroom, high ceilings, ample windows, and corner exposure. The storefront formerly operated as a deli and is accompanied by private parking and a driveway behind the building. The property occupies 0.0413 acres and is zoned R4-1. Multiple addresses associated with the property include 9024 and 9026 Glenwood Road, 9026 Glenwood Road, 2 Durland Place, and 6 Durland Place. Shopping, restaurants, buses, schools, and neighborhood amenities are nearby.
Key Highlights
- Two detached buildings on one property: a two‑family residence and a commercial storefront
- Residential building totals approximately 1,600 square feet with two approximately 800‑square‑foot apartments
- Full finished basement of approximately 800 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,727
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,534,540
$1.5M
Cap Rate 7%
$1,096,100
$1.1M
Cap Rate 9%
$852,522
$852.5K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$124.4K $77.76/SF
− Vacancy
−$14.8K −$9.25/SF
EGI
$109.6K $68.51/SF
− OpEx
−$32.9K −$20.55/SF
NOI
$76.7K $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%
$1,534,540
Cap Rate 7%
$1,096,100
Cap Rate 9%
$852,522
Alternative Uses
Best Use
Retail
$1.10M
$959.1K – $1.28M
NOI $76,727 @ 7.0% cap · market cap 8.08%
Second Best
Mixed Use
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,508
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two detached buildings combine a two-family residence with a separate commercial storefront and private rear parking.
Where is this mixed-use property located?
The property is located at 9024 Glenwood Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two detached buildings on one property: a two‑family residence and a commercial storefront; Residential building totals approximately 1,600 square feet with two approximately 800‑square‑foot apartments; Full finished basement of approximately 800 square feet
