Newly Constructed Mixed-Use
For Sale
Contact for pricing
1153 Broadway, Brooklyn, NY 11221
Four-story mixed-use property with residential, retail, and community facility units.
Property Size15,517 SF
Price / SF$631.57
Days on Market1197
Property Features for 1153 Broadway
General Information
Standard status
Active
Size
15,517 SF
Class
A
Property subtype
Multifamily
Zoning
R6
Occupancy
97%
Net Operating Income
$588,000
Building Details
Buildings
2
Stories
4
Units
16
Listing Agency:
Safdie Realty Group
Listed By:
Roni Yaghoobzar · License #NY 10401324145
Source:
Crexi
Added: May 31, 2023
Changed: Aug 24
Last Checked: Sep 7 at 11:01AM
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 Safdie Realty Group
Investment Insights
Based on property information with market context.
The property at 1153-1155 Broadway, Brooklyn, NY, is a newly constructed, four-story mixed-use walk-up building. The building spans 15,517 square feet and features fourteen residential units, along with commercial retail and community facility spaces. The property is located on the corner of Kosciuszko Street and Broadway, with convenient access to the Kosciuszko Street Station and Central Avenue Station, which serve the J and M train lines, providing accessibility to Brooklyn and Manhattan.
Key Highlights
- Newly constructed 4‑story mixed‑use building.
- Located on the corner of Kosciuszko Street & Broadway.
- Features 14 residential units.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$563,267
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,265,340
$11.3M
Cap Rate 7%
$8,046,671
$8.0M
Cap Rate 9%
$6,258,522
$6.3M
Market Conditions
NOI Build-Up for 15,517 SF
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.
Gross rent
$1.02M $66.00/SF
− Vacancy
−$122.9K −$7.92/SF
EGI
$901.2K $58.08/SF
− OpEx
−$338.0K −$21.78/SF
NOI
$563.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,265,340
Cap Rate 7%
$8,046,671
Cap Rate 9%
$6,258,522
Alternative Uses
Best Use
Mixed Use
$8.05M
$7.04M – $9.39M
NOI $563,267 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$6.77M
$5.92M – $7.90M
NOI $473,718 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$12.85M
$11.24M – $14.99M
NOI $899,365 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-story mixed-use property with residential, retail, and community facility units.
Where is this mixed-use property located?
The property is located at 1153 Broadway Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: Newly constructed 4‑story mixed‑use building.; Located on the corner of Kosciuszko Street & Broadway.; Features 14 residential units.
