Six-Family Mixed-Use
For Sale
$3,200,000
954 Manhattan Avenue, Brooklyn, NY 11222
The rent-stabilized residential component includes one vacant apartment, while the storefront lease is nearing its end.
Property Size6,000 SF
Price / SF$533.33
Days on Market214
Property Features for 954 Manhattan Avenue
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Zoning
R7A
Site & Location
Public Transit
Yes
Mixed-Use Components
residential, retail
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$17,482
Building Details
Building Size
6,000 SF
Year Built
1928
Buildings
1
Stories
4
Units
7
Listing Agency:
Trademarko Realty Inc
(718) 502-5141
Listed By:
Peter Nowik · License #10401329596
(347) 927-6829
Source:
Croninreale
Added: Mar 25
Changed: Oct 23
Last Checked: Oct 23 at 3:13PM
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 Trademarko Realty Inc
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Investment Insights
Based on property information with market context.
This mixed-use property combines six rent-stabilized apartments with a storefront. One apartment is vacant, and the commercial lease is scheduled to end soon. The building dates to 1928 and is zoned R7A.
The property is at 954 Manhattan Avenue in Brooklyn, around the corner from subway service and two blocks from the waterfront and a pier.
The property is at 954 Manhattan Avenue in Brooklyn, around the corner from subway service and two blocks from the waterfront and a pier.
Key Highlights
- Six rent‑stabilized apartments and one storefront
- One apartment delivered vacant
- Commercial lease ending soon
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$287,728
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,754,560
$5.8M
Cap Rate 7%
$4,110,400
$4.1M
Cap Rate 9%
$3,196,978
$3.2M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$466.6K $77.76/SF
− Vacancy
−$55.5K −$9.25/SF
EGI
$411.0K $68.51/SF
− OpEx
−$123.3K −$20.55/SF
NOI
$287.7K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,754,560
Cap Rate 7%
$4,110,400
Cap Rate 9%
$3,196,978
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 8.99%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,800 @ 7.0% cap · market cap 6.81%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
4,887
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The rent-stabilized residential component includes one vacant apartment, while the storefront lease is nearing its end.
Where is this mixed-use property located?
The property is located at 954 Manhattan Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Six rent‑stabilized apartments and one storefront; One apartment delivered vacant; Commercial lease ending soon
