Mixed-Use Property For
For Sale
$1,330,000
Pending
92 Kings Hwy, Brooklyn, NY 11214
Mixed-use property featuring residential and commercial spaces with parking.
Property Size2,820 SF
Lot Size0.03 Acres
Days on Market266
Property Features for 92 Kings Hwy
General Information
Standard status
Pending
Size
2,820 SF
Lot size
0.03 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,807
Building Details
Building Size
2,820 SF
Year Built
1931
Stories
2
Listing Agency:
(718) 872-5522
Listed By:
Xiao Hua (Jessie) Zhou
(718) 872-5522
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 21 at 9:27AM
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 Xiao Hua (Jessie) Zhou
Investment Insights
Based on property information with market context.
This mixed-use property features a two-family residential component with a three-bedroom apartment upstairs. The apartment is described as being in excellent condition, featuring large windows, spacious rooms, and a sunroom that faces 78th Street. The property also includes a studio apartment. Three parking spaces are accessible from 78th Street, which also provides entry to the upper apartment. The commercial space has a separate entrance on Kings Highway and features extremely high ceilings.
Key Highlights
- Mixed‑use property with residential and commercial spaces
- Three‑bedroom apartment in excellent condition with sunroom**
- High‑ceiling commercial space with Kings Highway access**
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
$76,915
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
5.78%
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%
$1,538,300
$1.5M
Cap Rate 7%
$1,098,786
$1.1M
Cap Rate 9%
$854,611
$854.6K
Market Conditions
NOI Build-Up for 2,820 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
$115.1K $40.80/SF
− Vacancy
−$5.2K −$1.84/SF
EGI
$109.9K $38.96/SF
− OpEx
−$33.0K −$11.69/SF
NOI
$76.9K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,538,300
Cap Rate 7%
$1,098,786
Cap Rate 9%
$854,611
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$961.4K – $1.28M
NOI $76,915 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$984.8K
$861.7K – $1.15M
NOI $68,933 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,153 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,191
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring residential and commercial spaces with parking.
Where is this mixed-use property located?
The property is located at 92 Kings Hwy Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: Mixed‑use property with residential and commercial spaces; Three‑bedroom apartment in excellent condition with sunroom**; High‑ceiling commercial space with Kings Highway access**
