Building Details

Building Size 4,400 SF

Year Built 1920

Units 3

Listed By: Gail Leone Show Phone

Source: Clairedleone

Added: Oct 5 Changed: Oct 24 Last Checked: Oct 23 at 4:53PM

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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 Gail Leone

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Investment Insights

Based on property information with market context.

At 945 Liberty Avenue in Brooklyn, this three-story mixed-use property combines a ground-floor commercial unit with two residential apartments above. The commercial space is vacant; each upper-floor apartment has three bedrooms and one full bathroom, and both are occupied. The building dates to 1920 and sits on a 20 x 90 lot.

Building systems include three gas meters, four electrical meters, three hot water tanks, and two boilers. The residential units are not being delivered vacant.

Key Highlights

• Vacant ground‑floor commercial unit of approximately 1,700 sq. ft.
• Two occupied apartments, each approximately 900 sq. ft. with 3 bedrooms and 1 full bathroom
• 20 x 90 lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$100,571

Cap Rate

7.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,011,420 $2.0M

Cap Rate 7%

$1,436,729 $1.4M

Cap Rate 9%

$1,117,456 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$190.1K $43.20/SF

− Vacancy

−$7.2K −$1.64/SF

EGI

$182.9K $41.56/SF

− OpEx

−$82.3K −$18.70/SF

NOI

$100.6K $22.86/SF

Area

ZIP 11208

Vacancy

3.80%

Lease Rate

$43.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,011,420

Cap Rate 7%

$1,436,729

Cap Rate 9%

$1,117,456

Alternative Uses

Best Use

Apartment 5plus

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,571 @ 7.0% cap · market cap 7.74%

Second Best

Mixed Use

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,278 @ 7.0% cap · market cap 7.02%

Theoretical Best

Office A

$2.69M

$2.36M – $3.14M (±1% cap)

NOI $188,458 @ 7.0% cap · market cap 14.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

ATM Atm

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Gym & Fitness Center Skin Care Clinic

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,083

Businesses Nearby

Explore this area Business Placement

Demographics for 11208, NY

101,958

Population

37,261

Households

2.7

Avg Household Size

35

Median Age

16%

College-Educated

82%

High-School Grad

2.7 sq mi

ZIP Area

37,762

Density / Sq Mi

$59,988

Median Household Income

$40,156

Median Earnings

$1,563

Median Rent

$638,200

Median Home Value

Market

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 - Two occupied apartments sit above a vacant ground-floor commercial unit.

Where is this mixed-use property located?

The property is located at 945 Liberty Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,299,999.

What are key features of this property?

This property features: Vacant ground‑floor commercial unit of approximately 1,700 sq. ft.; Two occupied apartments, each approximately 900 sq. ft. with 3 bedrooms and 1 full bathroom; 20 x 90 lot