Mixed-Use Building with
New
For Sale
$1,770,000
4709 New Utrecht Avenue, Brooklyn, NY 11219
Two four-bedroom apartments are positioned above a vacant commercial unit, with a basement and backyard included.
Property Size3,420 SF
Price / SF$517.54
Days on Market4
Property Features for 4709 New Utrecht Avenue
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Mixed Use
Units
Unit Mix
2 x 4BR
Multifamily Units
2
Building Details
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Prideestates
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 2:21PM
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
Investment Insights
Based on property information with market context.
This three-story brick mixed-use property combines two residential units with ground-floor commercial space. The second- and third-floor apartments each have four bedrooms. The storefront is vacant and measures 1,350 square feet; a full 1,350-square-foot basement and a backyard are also part of the property.
The building is on New Utrecht Avenue in Brooklyn, within the avenue’s commercial corridor. Its layout places the storefront at street level beneath the two apartments.
The building is on New Utrecht Avenue in Brooklyn, within the avenue’s commercial corridor. Its layout places the storefront at street level beneath the two apartments.
Key Highlights
- Three‑story brick mixed‑use building
- Two apartments, each with four bedrooms
- Vacant 1,350 Sqft storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,658
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,160
$1.8M
Cap Rate 7%
$1,266,543
$1.3M
Cap Rate 9%
$985,089
$985.1K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$168.3K $49.20/SF
− Vacancy
−$7.1K −$2.07/SF
EGI
$161.2K $47.13/SF
− OpEx
−$72.5K −$21.21/SF
NOI
$88.7K $25.92/SF
Area
ZIP 11219
Vacancy
4.20%
Lease Rate
$49.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,773,160
Cap Rate 7%
$1,266,543
Cap Rate 9%
$985,089
Alternative Uses
Best Use
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,658 @ 7.0% cap · market cap 5.01%
Second Best
Mixed Use
$1.14M
$998.8K – $1.33M
NOI $79,900 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,197 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,518
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 Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two four-bedroom apartments are positioned above a vacant commercial unit, with a basement and backyard included.
Where is this mixed-use property located?
The property is located at 4709 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,770,000.
What are key features of this property?
This property features: Three‑story brick mixed‑use building; Two apartments, each with four bedrooms; Vacant 1,350 Sqft storefront
