Brooklyn Mixed-Use Property For
For Sale
Contact for pricing
8681 18th Ave, Brooklyn, NY 11214
Mixed-use property with two commercial tenants and tax abatement.
Property Size11,600 SF
Price / SF$594.83
Days on Market1106
Property Features for 8681 18th Ave
General Information
Standard status
Active
Size
11,600 SF
Property subtype
Mixed Use
Zoning
C8-1
Building Details
Stories
2
Listing Agency:
Commercial Acquisitions
Listed By:
Arsen Atbashyan · License #NY 0000
(917) 939-3760
Source:
Crexi
Added: Oct 18, 2023
Changed: Oct 25
Last Checked: Oct 26 at 3:35PM
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 Commercial Acquisitions
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Investment Insights
Based on property information with market context.
This mixed-use property is located in a high-traffic area of Brooklyn. The property features two commercial tenants. A tax abatement is in place until 2027. The property size is 11600 square feet.
Key Highlights
- Tax Abatement Until 2027
- Located in a High Traffic Area
- Two Commercial Tenants in Place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$246,236
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,924,720
$4.9M
Cap Rate 7%
$3,517,657
$3.5M
Cap Rate 9%
$2,735,956
$2.7M
Market Conditions
NOI Build-Up for 11,600 SF
Gross rent
$431.5K $37.20/SF
− Vacancy
−$37.5K −$3.24/SF
EGI
$394.0K $33.96/SF
− OpEx
−$147.7K −$12.74/SF
NOI
$246.2K $21.23/SF
Area
ZIP 11214
Vacancy
8.70%
Lease Rate
$37.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,924,720
Cap Rate 7%
$3,517,657
Cap Rate 9%
$2,735,956
Alternative Uses
Best Use
Mixed Use
$3.52M
$3.08M – $4.10M
NOI $246,236 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.77M
$5.92M – $7.89M
NOI $473,681 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,490
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two commercial tenants and tax abatement.
Where is this mixed-use property located?
The property is located at 8681 18th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Tax Abatement Until 2027; Located in a High Traffic Area; Two Commercial Tenants in Place
