Brand-New Community Building
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 Market85
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
(718) 676-2518
Listed By:
XueFang (Sue) Li
(718) 676-2518
Added: May 8
Changed: Jul 29
Last Checked: Jul 31 at 6:06PM
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.
Brand-new building community space available for sale within the Dyker Gardens, a mixed-use complex in Brooklyn. The space is approximately 13,615 square feet and is presented as suitable for a variety of community and healthcare-oriented uses, including senior centers, home care companies, medical offices, training facilities, non-profit organizations, and children’s playground use, among others. The Dyker Gardens offers large community spaces and is part of a building with 146 residential units.
The property is located at 1238 63rd Street in Brooklyn, NY 11219, on a 1.5179-acre lot. Public remarks note proximity to supermarkets, restaurants, and shopping, with easy access to public transportation, including subway service listed as N/D and B9/B64 bus lines. The zoning is R5B, and the listing references an excellent public school district with PS176, IS187, and PS227.
The property is located at 1238 63rd Street in Brooklyn, NY 11219, on a 1.5179-acre lot. Public remarks note proximity to supermarkets, restaurants, and shopping, with easy access to public transportation, including subway service listed as N/D and B9/B64 bus lines. The zoning is R5B, and the listing references an excellent public school district with PS176, IS187, and PS227.
Key Highlights
- 13,615 SF unit suitable for senior centers, home care companies, medical offices, training facilities, non‑profits, and children’s playgrounds
- Located in a mixed‑use complex in Dyker Heights within the Dyker Gardens building
- Dyker Gardens includes a building with 146 residential units and large community spaces
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 | $637.2k | $46.80 |
| − Vacancy | −$140.2k | −$10.30 |
| EGI | $497.0k | $36.50 |
| − OpEx | −$124.3k | −$9.13 |
| NOI | $372.8k | $27.38 |
13,615 SF · lease $46.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.33M
$4.66M – $6.21M
NOI $372,751 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$5.04M
$4.41M – $5.88M
NOI $352,948 @ 7.0% cap · market cap 5.19%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,448
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Large community space in a brand-new mixed-use senior housing complex with access to public transportation.
Where is this senior housing / retirement home 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 SF unit suitable for senior centers, home care companies, medical offices, training facilities, non‑profits, and children’s playgrounds; Located in a mixed‑use complex in Dyker Heights within the Dyker Gardens building; Dyker Gardens includes a building with 146 residential units and large community spaces
