Retail Building with Four Oversized
For Sale
$3,999,000
1374 65th Street, Brooklyn, NY 11219
COMMERCIAL - Brooklyn, NY
Property Size5,781 SF
Lot Size0.07 Acres
Price / SF$691.75
Days on Market49
Property Features for 1374 65th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5B
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
5,781 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
17697
Building Details
Year built
2023
Floors in Building
3
Number of units
4
Building materials
Block
Roof type
Flat
Listing Agency:
Robert Defalco Realty
(718) 987-7900
Listed By:
Tiffany Feng
(718) 987-7900
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 31 at 10:06AM
MLS# 503038
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.
1374 65th Street is a brand-new retail building featuring four oversized commercial units. Each unit includes high ceilings and large display windows, designed for strong retail presentation and prominent storefront exposure.
The property sits on a busy commercial corridor in Bensonhurst, with access to the D Train just minutes away. It is surrounded by established national and local businesses, supporting a continuously active retail environment.
Zoned R5B, the building presents a straightforward configuration for an owner seeking multiple retail units within a newly constructed commercial asset.
The property sits on a busy commercial corridor in Bensonhurst, with access to the D Train just minutes away. It is surrounded by established national and local businesses, supporting a continuously active retail environment.
Zoned R5B, the building presents a straightforward configuration for an owner seeking multiple retail units within a newly constructed commercial asset.
Key Highlights
- New commercial building built in 2023
- Block construction with a flat roof
- Four oversized commercial units
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
Lease Details
Multi-tenant
Tenancy
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 offering four oversized units with high ceilings and large display windows along a busy commercial corridor.
Where is this storefront property located?
The property is located at 1374 65th Street 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: New commercial building built in 2023; Block construction with a flat roof; Four oversized commercial units
