New Construction Retail
For Sale
$3,999,000
1374 65th St, Brooklyn, NY 11219
Brand-new retail building with four oversized units, high ceilings, and large display windows along a busy commercial corridor.
Property Size5,781 SF
Days on Market48
Property Features for 1374 65th St
General Information
Standard status
Active
Size
5,781 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,697
Building Details
Building Size
5,781 SF
Year Built
2023
Stories
3
Listing Agency:
Robert Defalco Realty
(718) 987-7900
Listed By:
Tiffany Feng
(718) 987-7900
Source:
Elliman
Added: Jul 16
Changed: Aug 23
Last Checked: Aug 30 at 10:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Defalco Realty
Investment Insights
Based on property information with market context.
1374 65th St is a brand-new commercial building offering four oversized retail units. Each unit features high ceilings and large display windows designed to maximize storefront exposure, with frontage that supports retail visibility.
The property is located on a busy commercial corridor in Bensonhurst, just minutes from the D Train. The area is surrounded by established national and local businesses, supporting a steady mix of neighborhood retail activity.
This is a straightforward opportunity to own a newly constructed retail asset with multiple storefront-ready units, suited for tenants seeking modern space and strong street-level presentation.
The property is located on a busy commercial corridor in Bensonhurst, just minutes from the D Train. The area is surrounded by established national and local businesses, supporting a steady mix of neighborhood retail activity.
This is a straightforward opportunity to own a newly constructed retail asset with multiple storefront-ready units, suited for tenants seeking modern space and strong street-level presentation.
Key Highlights
- 2023‑built commercial building with four oversized commercial units
- High ceilings and large display windows in the retail units
- Located on a busy commercial corridor with built‑in foot and vehicle traffic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$121,692
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,433,840
$2.4M
Cap Rate 7%
$1,738,457
$1.7M
Cap Rate 9%
$1,352,133
$1.4M
Market Conditions
NOI Build-Up for 5,781 SF
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.
Gross rent
$194.2K $33.60/SF
− Vacancy
−$20.4K −$3.53/SF
EGI
$173.8K $30.07/SF
− OpEx
−$52.2K −$9.02/SF
NOI
$121.7K $21.05/SF
Area
ZIP 11219
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,433,840
Cap Rate 7%
$1,738,457
Cap Rate 9%
$1,352,133
Alternative Uses
Best Use
Retail
$1.74M
$1.52M – $2.03M
NOI $121,692 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.75M
$3.28M – $4.37M
NOI $262,337 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,652
Businesses Nearby
113k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 26%
Groceries 24%
BP
Shops & Services
19,079 visits/mo
0.5 miles
Burger King
Dining
18,603 visits/mo
0.1 miles
7-Eleven
Shops & Services
15,958 visits/mo
0.2 miles
Key Food
Groceries
15,543 visits/mo
0.4 miles
TD Bank
Shops & Services
14,624 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Brand-new retail building with four oversized units, high ceilings, and large display windows along a busy commercial corridor.
Where is this storefront property located?
The property is located at 1374 65th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: 2023‑built commercial building with four oversized commercial units; High ceilings and large display windows in the retail units; Located on a busy commercial corridor with built‑in foot and vehicle traffic
