Brooklyn Commercial Space For
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 Market575
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
(929) 364-1301
Listed By:
Ray Long Wu
(929) 364-1301
Added: Jan 3, 2025
Changed: Apr 30
Last Checked: Aug 1 at 10:06AM
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.
Investment Insights
Based on property information with market context.
This 4,512 square foot commercial unit is located in Brooklyn's Dyker Garden neighborhood. The unit, which features two entrances, is suitable for a variety of uses, including senior centers, home care companies, medical offices, training facilities, non-profit organizations, and children's playgrounds. The mixed-use complex is located in the heart of Dyker Heights. The building contains 146 residential units. The property is near supermarkets, restaurants, and shopping, with convenient access to public transportation via the N/D subway and B9/B64 bus lines. The location benefits from its proximity to public schools, including PS176, IS187, and PS227. The lot size is 1.118 acres and the zoning is R5B.
Key Highlights
- Large 4,512 sq ft community space suitable for various uses.
- Located in the Dyker Gardens mixed‑use complex with 146 residential units.
- Two entrances for convenient access.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.2k | $46.80 |
| − Vacancy | −$46.5k | −$10.30 |
| EGI | $164.7k | $36.50 |
| − OpEx | −$41.2k | −$9.13 |
| NOI | $123.5k | $27.38 |
4,512 SF · lease $46.80/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,448
Businesses Nearby
Explore this area
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
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - New 4,512 SF community space in Dyker Gardens.
Where is this mixed-use property 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: Large 4,512 sq ft community space suitable for various uses.; Located in the Dyker Gardens mixed‑use complex with 146 residential units.; Two entrances for convenient access.
