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Manhattan Avenue Mixed-Use Asset
For Sale
$3,490,000

941 Manhattan Ave, Brooklyn, NY 11222

Mixed-use property with residential units and a storefront restaurant.

Days on Market101

Property Features for 941 Manhattan Ave

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1931
Listing Agency: Real Broker NY LLC
Listed By: Odalis Gonzalez
Source: Elliman
Added: Apr 21 Changed: Jul 10 Last Checked: Jul 29 at 6:07PM

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 Real Broker NY LLC

Investment Insights

Based on property information with market context.

Located in a vibrant commercial corridor, 941 Manhattan Avenue is a mixed-use asset offering potential for rent growth and value appreciation. The property features four free-market residential units, each with a functional two-bedroom layout of approximately 688 square feet, natural light, and sizeable bedrooms. Current rents allow for market rate appreciation, with opportunities to increase rents through minor cosmetic changes. The ground floor features a high-visibility storefront currently operating as a popular restaurant, benefiting from high foot traffic. The property is near public transportation and surrounded by trendy boutiques and eateries. Situated steps from the Greenpoint Ave G train and close to the East River Ferry, the location has a transit score of 100, a walk score of 98, and a bike score of 92. This property is suited for an investor who recognizes the value of location and is ready to make small changes that will lead to large profits.

Key Highlights

  • Prime location in a vibrant commercial corridor with high foot traffic, near public transportation.
  • Mixed‑use property with a high‑visibility storefront currently operating as a popular restaurant.
  • Four free‑market residential units, not subject to rent stabilization.

Property Analytics

Current Use

Pelicana Chicken Restaurant

Suggested Use

Top Pick Nursing Home Law Firm (Bike/Boat/Book/etc) Store Pet Grooming Service Adult Day Care Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,887
Businesses Nearby

Demographics for 11222, NY

41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY

Jan
$618 Feb
$618 Mar
Apr
$468 May
$600 Jun

Properties on Market for Mixed-use properties in Brooklyn

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property with residential units and a storefront restaurant.
Where is this mixed-use property located?
The property is located at 941 Manhattan Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: Prime location in a vibrant commercial corridor with high foot traffic, near public transportation.; Mixed‑use property with a high‑visibility storefront currently operating as a popular restaurant.; Four free‑market residential units, not subject to rent stabilization.
More about this property
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