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Mixed-use Building 1288 Herkimer St 3,880 SF Retail Building Brooklyn, NY 11233 $1,350,000 ($347.94/SF)
Investment Highlights
- Mixed-use building in the Ocean Hill section of Brooklyn.
- One commercial unit is occupied and can be delivered with a 5-year lease, and all other units will be delivered vacant.
- Close to major retailers including Dollar Tree, Dunkin', & Dollar General.
- Has 3,880 built SF on a 1,720 SF lot and consists of 2 commercial units and 2 residential units, with the residential units having been gutted.
- Located near the Rockaway Ave [C] Subway Station.
Executive Summary
Asset CRG Advisors, LLC, has been exclusively retained to market 1288 Herkimer St, a mixed-use building located in the Ocean Hill section of Brooklyn. The property consists of approximately 3,880 built square feet situated on a 1,720 square foot lot and currently set up as 2 apartments over a store and a vacant garage; with the residential units having been gutted, offering a balanced mixed-use layout.
One commercial unit is occupied and can be delivered with a 5-year lease, while all other units will be delivered vacant, presenting an opportunity for immediate lease-up or repositioning. The property is conveniently located near the Rockaway Avenue [C] subway station and is surrounded by a mix of national and local retailers, including Dollar Tree, Dunkin’, and Dollar General, providing strong neighborhood amenities and consistent foot traffic.
One commercial unit is occupied and can be delivered with a 5-year lease, while all other units will be delivered vacant, presenting an opportunity for immediate lease-up or repositioning. The property is conveniently located near the Rockaway Avenue [C] subway station and is surrounded by a mix of national and local retailers, including Dollar Tree, Dunkin’, and Dollar General, providing strong neighborhood amenities and consistent foot traffic.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,880 SF
Building Class
C
Year Built
1924
Price
$1,350,000
Price Per SF
$347.94
Tenancy
Single
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.09 AC
Zoning
R5 - Medium density district with a height limit of 40 feet.
Frontage
32’ on Herkimer Street
Exceptionally walkable
100/100
Challenging for drivers
10/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01567-0027 | Improvements Assessment | $346,950 |
| Land Assessment | $83,700 | Total Assessment | $430,650 |
Property Taxes
Parcel Number
01567-0027
Land Assessment
$83,700
Improvements Assessment
$346,950
Total Assessment
$430,650
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