Mixed-Use Building in High-Traffic
For Sale
$849,000
Pending
9208 Avenue L, Brooklyn, NY 11236
Mixed-use building with apartments and storefront in Brooklyn.
Property Size972 SF
Lot Size0.04 Acres
Days on Market229
Property Features for 9208 Avenue L
General Information
Standard status
Pending
Size
972 SF
Lot size
0.04 Acres
Taxes and HOA fees
Annual Taxes
$5,580
Listing Agency:
Chase Global Realty Corp
Listed By:
Chun P. Pak
(718) 355-8788
Source:
Exprealty
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 24 at 7:02PM
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 Chase Global Realty Corp
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Investment Insights
Based on property information with market context.
This mixed-use brick building features two apartments on the second floor and one store on the first floor. The property is located in a high foot traffic area of Brooklyn, specifically on Avenue L and E 92nd St, with convenient access to bus stations, schools, and various commercial stores. The lot measures 18 ft x 90.5 ft, while the building size is 18 ft x 54 ft. The zoning is R5D, C1-3. The building generates income with tenants. The cap rate is over 6.7%.
Key Highlights
- High foot traffic location on Avenue L and E 92nd St in Brooklyn.
- Good Cap Rate Over 6.7%.
- Mixed‑use building with two apartments and one store.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,612
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$932,240
$932.2K
Cap Rate 7%
$665,886
$665.9K
Cap Rate 9%
$517,911
$517.9K
Market Conditions
NOI Build-Up for 972 SF
Gross rent
$75.6K $77.76/SF
− Vacancy
−$9.0K −$9.25/SF
EGI
$66.6K $68.51/SF
− OpEx
−$20.0K −$20.55/SF
NOI
$46.6K $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%
$932,240
Cap Rate 7%
$665,886
Cap Rate 9%
$517,911
Alternative Uses
Best Use
Retail
$665.9K
$582.7K – $776.9K
NOI $46,612 @ 7.0% cap · market cap 5.49%
Second Best
Mixed Use
$504.1K
$441.1K – $588.1K
NOI $35,284 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$804.8K
$704.2K – $939.0K
NOI $56,337 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
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
Check the figures for this property
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 - Mixed-use building with apartments and storefront in Brooklyn.
Where is this mixed-use property located?
The property is located at 9208 Avenue L Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: High foot traffic location on Avenue L and E 92nd St in Brooklyn.; Good Cap Rate Over 6.7%.; Mixed‑use building with two apartments and one store.
