Brick Mixed-Use
For Sale
$1,699,999
914 84th Street, Brooklyn, NY 11228
The layout combines a finished office area with two renovated one-bedroom apartments.
Property Size2,546 SF
Price / SF$667.71
Days on Market61
Property Features for 914 84th Street
General Information
Standard status
Active
Size
2,546 SF
Property subtype
Multi Family
Building Details
Year Built
1930
Listing Agency:
Robert Defalco Realty
Listed By:
C. Michel Scibetta - Nicolo · License #10301221252
(718) 987-7900
Source:
Gosenproperties
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 3:02PM
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 Robert Defalco Realty
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Investment Insights
Based on property information with market context.
This 1930-built, all-brick mixed-use property has a finished main-floor office and basement, with the basement extending the length of the main floor and opening directly to the driveway. The upper level contains two renovated one-bedroom apartments, each with an eat-in kitchen. Mini-split heating and cooling units serve every apartment, and the building has three gas meters.
Set on a corner lot in Dyker Heights, the property includes a two-car driveway and is near transportation, restaurants, and shopping. The combination of office space and residential apartments provides distinct commercial and residential components within one building.
Set on a corner lot in Dyker Heights, the property includes a two-car driveway and is near transportation, restaurants, and shopping. The combination of office space and residential apartments provides distinct commercial and residential components within one building.
Key Highlights
- Two renovated one‑bedroom apartments above a finished main‑floor office
- Finished basement spans the main‑floor length and connects directly to the driveway
- Mini‑split heating and cooling units in every apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,420
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,400
$1.8M
Cap Rate 7%
$1,320,286
$1.3M
Cap Rate 9%
$1,026,889
$1.0M
Market Conditions
NOI Build-Up for 2,546 SF
Gross rent
$168.0K $66.00/SF
− Vacancy
−$20.2K −$7.92/SF
EGI
$147.9K $58.08/SF
− OpEx
−$55.5K −$21.78/SF
NOI
$92.4K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,400
Cap Rate 7%
$1,320,286
Cap Rate 9%
$1,026,889
Alternative Uses
Best Use
Mixed Use
$1.32M
$1.16M – $1.54M
NOI $92,420 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$1.11M
$971.6K – $1.30M
NOI $77,727 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,566 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,648
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - The layout combines a finished office area with two renovated one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 914 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,999.
What are key features of this property?
This property features: Two renovated one‑bedroom apartments above a finished main‑floor office; Finished basement spans the main‑floor length and connects directly to the driveway; Mini‑split heating and cooling units in every apartment
