New Mixed-Use Community
For Sale
$6,800,000
1238 63rd Street, Brooklyn, NY 11219
Commercial, Brooklyn, NY
Property Size13,615 SF
Lot Size1.52 Acres
Price / SF$499.45
Days on Market153
Property Features for 1238 63rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Subdivision
Dyker Heights
Standard status
Active
Size
13,615 SF
Lot size
1.52 Acres
Building Details
Number of units
1
Listing Agency:
Fang Fang Realty Inc
Listed By:
XueFang (Sue) Li
(718) 676-2518
Added: May 8
Changed: Aug 20
Last Checked: Oct 7 at 1:06AM
MLS# 501283
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 13,615-square-foot community space is part of the Dyker Gardens mixed-use complex, which includes 146 residential units. The newly built interior offers a substantial footprint for community-oriented and professional applications, including senior services, home care operations, medical offices, training facilities, nonprofit organizations, and children’s play areas. R5B zoning is identified for the property.
The location provides convenient access to nearby supermarkets, restaurants, and shopping. Public transportation service includes the N and D subway lines along with the B9 and B64 bus routes. The surrounding area also includes PS176, IS187, and PS227, identified as nearby public schools. The property is located at 1238 63rd Street in Brooklyn’s Dyker Heights area.
The location provides convenient access to nearby supermarkets, restaurants, and shopping. Public transportation service includes the N and D subway lines along with the B9 and B64 bus routes. The surrounding area also includes PS176, IS187, and PS227, identified as nearby public schools. The property is located at 1238 63rd Street in Brooklyn’s Dyker Heights area.
Key Highlights
- 13,615‑square‑foot community space within the Dyker Gardens mixed‑use complex
- Part of a building with 146 residential units
- Newly built interior suited to medical, training, nonprofit, and community uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$372,751
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,455,020
$7.5M
Cap Rate 7%
$5,325,014
$5.3M
Cap Rate 9%
$4,141,678
$4.1M
Market Conditions
NOI Build-Up for 13,615 SF
Gross rent
$637.2K $46.80/SF
− Vacancy
−$140.2K −$10.30/SF
EGI
$497.0K $36.50/SF
− OpEx
−$124.3K −$9.13/SF
NOI
$372.8K $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%
$7,455,020
Cap Rate 7%
$5,325,014
Cap Rate 9%
$4,141,678
Alternative Uses
Best Use
Office B
$5.33M
$4.66M – $6.21M
NOI $372,751 @ 7.0% cap · market cap 5.48%
Second Best
Mixed Use
$4.54M
$3.98M – $5.30M
NOI $318,080 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$8.83M
$7.72M – $10.30M
NOI $617,838 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
4,652
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly built space near shopping, schools, and public transportation within a residential complex.
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 $6,800,000.
What are key features of this property?
This property features: 13,615‑square‑foot community space within the Dyker Gardens mixed‑use complex; Part of a building with 146 residential units; Newly built interior suited to medical, training, nonprofit, and community uses
