47-Unit Mixed-Use
New
For Sale
$10,200,000
975 Liberty Avenue, Brooklyn, NY 11208
A commercial unit may be available vacant, offering flexibility within this residential and commercial property.
Property Size37,842 SF
Days on Market6
Property Features for 975 Liberty Avenue
General Information
Standard status
Active
Size
37,842 SF
Property subtype
Multi Family
Occupancy
91%
Net Operating Income
$1,000,000
Additional Details
Mixed-Use Components
residential, commercial
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$44,699
Building Details
Building Size
37,842 SF
Year Built
2018
Tenancy
Multi
Listing Agency:
One Stop Agency
Listed By:
Patrick Dominique
(347) 639-8546
Source:
Leadingedgeli
Added: Oct 21
Changed: Oct 25
Last Checked: Oct 24 at 1:27PM
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 One Stop Agency
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.
Completed in 2018, this Brooklyn mixed-use property contains 47 units and is approximately 91% occupied. A 35-year 421-a tax abatement is reported. One commercial space may be delivered vacant, subject to availability at closing.
An indoor parking area could potentially be adapted for commercial use, contingent on zoning, approvals, and buyer due diligence.
An indoor parking area could potentially be adapted for commercial use, contingent on zoning, approvals, and buyer due diligence.
Key Highlights
- 47 total units in a mixed‑use property
- Built in 2018
- Approximately 91% occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$864,959
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,299,180
$17.3M
Cap Rate 7%
$12,356,557
$12.4M
Cap Rate 9%
$9,610,656
$9.6M
Market Conditions
NOI Build-Up for 37,842 SF
Gross rent
$1.63M $43.20/SF
− Vacancy
−$62.1K −$1.64/SF
EGI
$1.57M $41.56/SF
− OpEx
−$707.7K −$18.70/SF
NOI
$865.0K $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%
$17,299,180
Cap Rate 7%
$12,356,557
Cap Rate 9%
$9,610,656
Alternative Uses
Best Use
Apartment 5plus
$12.36M
$10.81M – $14.42M
NOI $864,959 @ 7.0% cap · market cap 8.48%
Second Best
Mixed Use
$11.21M
$9.81M – $13.08M
NOI $785,032 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$23.15M
$20.26M – $27.01M
NOI $1,620,824 @ 7.0% cap · market cap 15.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
91%
Occupancy
Multi-tenant
Tenancy
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - A commercial unit may be available vacant, offering flexibility within this residential and commercial property.
Where is this mixed-use property located?
The property is located at 975 Liberty Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: 47 total units in a mixed‑use property; Built in 2018; Approximately 91% occupancy
