Two-Entrance Office
For Sale
$1,999,000
1238 63rd Street, Brooklyn, NY 11219
Commercial, Brooklyn, NY
Property Size4,512 SF
Lot Size1.12 Acres
Price / SF$443.04
Days on Market669
Property Features for 1238 63rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Subdivision
Dyker Heights
Standard status
Active
Size
4,512 SF
Lot size
1.12 Acres
Building Details
Flooring type
Concrete
Building materials
Block, Brick, Masonry
Listing Agency:
Ashford Homes LLC
Listed By:
Ray Long Wu
(929) 364-1301
Added: Jan 3, 2025
Changed: Oct 10
Last Checked: Nov 2 at 2:06AM
MLS# 488358
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,512-square-foot office unit is part of a newly constructed mixed-use complex and includes two entrances. The property carries R5B zoning and is located within a community containing 146 residential units. Its configuration is identified as suitable for senior centers, home care companies, medical offices, training facilities, nonprofit organizations, and children’s playgrounds.
The property is near supermarkets, restaurants, and shopping, with public transportation access via the N/D subway and B9 and B64 bus lines. The surrounding area also includes PS176, IS187, and PS227. Construction materials include block, brick, and masonry, with concrete flooring.
The property is near supermarkets, restaurants, and shopping, with public transportation access via the N/D subway and B9 and B64 bus lines. The surrounding area also includes PS176, IS187, and PS227. Construction materials include block, brick, and masonry, with concrete flooring.
Key Highlights
- 4,512 square feet with two entrances
- Located within a mixed‑use complex containing 146 residential units
- R5B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$123,530
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,470,600
$2.5M
Cap Rate 7%
$1,764,714
$1.8M
Cap Rate 9%
$1,372,556
$1.4M
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$211.2K $46.80/SF
− Vacancy
−$46.5K −$10.30/SF
EGI
$164.7K $36.50/SF
− OpEx
−$41.2K −$9.13/SF
NOI
$123.5K $27.38/SF
Area
ZIP 11219
Vacancy
22.00%
Lease Rate
$46.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,470,600
Cap Rate 7%
$1,764,714
Cap Rate 9%
$1,372,556
Alternative Uses
Best Use
Office B
$1.76M
$1.54M – $2.06M
NOI $123,530 @ 7.0% cap · market cap 6.18%
Second Best
Mixed Use
$1.51M
$1.32M – $1.76M
NOI $105,412 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.93M
$2.56M – $3.41M
NOI $204,751 @ 7.0% cap · market cap 10.24%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,652
Businesses Nearby
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Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Newly constructed office unit in a mixed-use complex with two entrances and access to public transportation.
Where is this office unit located?
The property is located at 1238 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 4,512 square feet with two entrances; Located within a mixed‑use complex containing 146 residential units; R5B zoning
