Mixed-Use Multi-Family
941 Manhattan Avenue Brooklyn, NY 11222
941 Manhattan Avenue, Brooklyn, NY, 11222
$3,350,000
For Sale
$3,350,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,752 SF
Lot Size0.03 Acres
Price / SF$1,217
Days on Market95
Property Features for 941 Manhattan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7A
- Rooms
- Basement
- Parking features
- On Street
- Basement
- Unfinished
- Standard status
- Active
- APN
- 02550-0041
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 67144
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1931
- Floors in Building
- 3
- Number of units
- 5
- Building materials
- Stucco
Listing Agency
Real Broker NY LLC
(855) 450-0442
401 Park Ave South 10th Floor, New York, NY
Listed by
Odalis Gonzalez
(347) 223-9028
Added: Apr 15 Checked: Jul 18 at 4:06 am
MLS# 986067
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
941 Manhattan Avenue is a mixed-use building featuring four residential free-market units and a ground-floor commercial storefront currently operating as a restaurant. Each of the four two-bedroom layouts is described as approximately 688 square feet and includes natural light and sizable bedrooms. The residential units are not subject to rent stabilization, offering flexibility for rent increases and repositioning.
The property is positioned on a vibrant commercial corridor with high storefront visibility and is surrounded by retail and dining. It is described as steps from the Greenpoint Ave G train and close to the East River Ferry, supporting convenient public transportation access.
Zoned R7A, this is presented as an income-producing asset suitable for an investor seeking value through rent growth and light upgrades focused on the residential units and overall presentation.
The property is positioned on a vibrant commercial corridor with high storefront visibility and is surrounded by retail and dining. It is described as steps from the Greenpoint Ave G train and close to the East River Ferry, supporting convenient public transportation access.
Zoned R7A, this is presented as an income-producing asset suitable for an investor seeking value through rent growth and light upgrades focused on the residential units and overall presentation.
Key Highlights
- Mixed‑use property with a ground‑floor storefront plus 4 free‑market residential units
- 4 residential units are each 2‑bedroom layouts, approx 688 SF each
- Ground‑floor storefront currently operating as a restaurant
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $231.2k | $84.00 |
| − Vacancy | −$18.5k | −$6.72 |
| EGI | $212.7k | $77.28 |
| − OpEx | −$53.2k | −$19.32 |
| NOI | $159.5k | $57.96 |
2,752 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,506 @ 7.0% cap · market cap 4.76%
Second Best
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,380 @ 7.0% cap · market cap 2.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pelicana Chicken
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four free-market two-bedroom units sit above a high-visibility ground-floor restaurant storefront in an active Brooklyn corridor.
Where is this quadplex located?
The property is located at 941 Manhattan Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: Mixed‑use property with a ground‑floor storefront plus 4 free‑market residential units; 4 residential units are each 2‑bedroom layouts, approx 688 SF each; Ground‑floor storefront currently operating as a restaurant
