Mixed-Use Building with Retail
For Sale
$3,499,000
6326 New Utrecht Avenue, Brooklyn, NY 11219
The 2022 renovation and separate utility meters complement six office spaces and a retail unit to be delivered vacant.
Property Size5,250 SF
Price / SF$666.48
Days on Market1042
Property Features for 6326 New Utrecht Avenue
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Commercial
Zoning
M1-1
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, office
Additional Details
Office Units
6
Property Use
Office
Amenities
Other
4+
6
5250
Storage
Brick
2205
Poured Concrete
22.00
22
70.00
99
Yes
Building Details
Year Built
1920
Year Renovated
2022
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Vito Angelo · License #VITLO524
(718) 887-5708
Source:
Suitsre
Added: Dec 27, 2023
Changed: Oct 29
Last Checked: Oct 29 at 2:45PM
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 RE/MAX Real Estate Professiona
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,250-square-foot brick corner building contains six commercial office spaces and a retail space scheduled for delivery vacant at closing. Renovated in 2022, the property has separate utility meters and individual hot water tanks. The building dates to 1920 and is zoned M1-1.
Public transportation is one block away, with access to the D and N subway lines. The property sits near 65th Street, described as a major intersection, and is close to a house of worship.
Public transportation is one block away, with access to the D and N subway lines. The property sits near 65th Street, described as a major intersection, and is close to a house of worship.
Key Highlights
- 5,250‑square‑foot brick corner building
- Six commercial office spaces and one retail space delivered vacant at closing
- Gut renovation completed in 2022; building constructed in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$143,734
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,874,680
$2.9M
Cap Rate 7%
$2,053,343
$2.1M
Cap Rate 9%
$1,597,044
$1.6M
Market Conditions
NOI Build-Up for 5,250 SF
Gross rent
$245.7K $46.80/SF
− Vacancy
−$54.1K −$10.30/SF
EGI
$191.6K $36.50/SF
− OpEx
−$47.9K −$9.13/SF
NOI
$143.7K $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%
$2,874,680
Cap Rate 7%
$2,053,343
Cap Rate 9%
$1,597,044
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.40M
NOI $143,734 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,653 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,241 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,809
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The 2022 renovation and separate utility meters complement six office spaces and a retail unit to be delivered vacant.
Where is this mixed-use property located?
The property is located at 6326 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: 5,250‑square‑foot brick corner building; Six commercial office spaces and one retail space delivered vacant at closing; Gut renovation completed in 2022; building constructed in 1920
