Mixed-Use Building with
9623 AVE H, Brooklyn, NY 11236
For Sale
$1,500,000
Three legal apartments are paired with commercial space featuring a private bath and its own entrance.
Property Size2,040 SF
Lot Size0.07 Acres
Price / SF$735.29
Days on Market11
Property Features for 9623 AVE H
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Frontage
Corner Location
Public Transit
Mixed-Use Components
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Brooklyn Real Property Inc
Listed By:
Jean Paul Ho · License NY JPH8888
(718) 875-8899
Source:
Howardhannanyc
Added: Nov 5
Changed: Nov 14
Last Checked: Nov 14 at 2:07PM
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 Brooklyn Real Property Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This detached brick mixed-use property contains a commercial storefront and three legal apartments. The residential layout includes a second-floor front unit with 1.5 bedrooms, a living room, an eat-in kitchen and a full bath; two one-bedroom apartments; and a rear first-floor apartment with two bedrooms and a private enclosed backyard. The building totals 2,040 square feet, with a 20 x 51-foot footprint on a 30.5 x 100-foot lot. Storefront features include high ceilings and a separate water meter. The basement has two entrances and a full bathroom. A new roof, boiler and siding are among the property improvements.
The property is on Rockaway Parkway near Avenue M, across from a shopping center and restaurants. An express bus stop serving Manhattan and Downtown Brooklyn is in front of the building. The Belt Parkway, Rockaway Pier, parks and recreation are also noted nearby.
The property includes 1,006 square feet of unused FAR. It was built in 1931, and annual real estate taxes are $7,544.
The property is on Rockaway Parkway near Avenue M, across from a shopping center and restaurants. An express bus stop serving Manhattan and Downtown Brooklyn is in front of the building. The Belt Parkway, Rockaway Pier, parks and recreation are also noted nearby.
The property includes 1,006 square feet of unused FAR. It was built in 1931, and annual real estate taxes are $7,544.
Key Highlights
- Detached brick mixed‑use property with three legal apartments and a commercial storefront
- 2,040‑square‑foot building on a 30.5 x 100‑foot lot; building footprint is 20 x 51 feet
- Residential configuration includes a 1.5‑bedroom unit, two one‑bedroom apartments and a two‑bedroom rear unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,827
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,956,540
$2.0M
Cap Rate 7%
$1,397,529
$1.4M
Cap Rate 9%
$1,086,967
$1.1M
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$158.6K $77.76/SF
− Vacancy
−$18.9K −$9.25/SF
EGI
$139.8K $68.51/SF
− OpEx
−$41.9K −$20.55/SF
NOI
$97.8K $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%
$1,956,540
Cap Rate 7%
$1,397,529
Cap Rate 9%
$1,086,967
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,827 @ 7.0% cap · market cap 6.52%
Second Best
Mixed Use
$1.06M
$925.7K – $1.23M
NOI $74,052 @ 7.0% cap · market cap 4.94%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,238 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,133
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three legal apartments are paired with commercial space featuring a private bath and its own entrance.
Where is this mixed-use property located?
The property is located at 9623 AVE H Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Detached brick mixed‑use property with three legal apartments and a commercial storefront; 2,040‑square‑foot building on a 30.5 x 100‑foot lot; building footprint is 20 x 51 feet; Residential configuration includes a 1.5‑bedroom unit, two one‑bedroom apartments and a two‑bedroom rear unit
