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    Mixed-Use Brick Two-Family with Store Title is generated by Realmo AI

    4824 New Utrecht Ave, Brooklyn, NY 11219

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    Picture of Duplexes at 4824 New Utrecht Ave, Brooklyn, NY
    For Sale
    $1,999,000

    Multi-Unit - Brooklyn, NY

    Property size:
    2,760 SF
    Price / SF:
    $724/SF
    Added:
    Dec 29, 2025
    Days on Market:
    157
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 4824 New Utrecht Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    900
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Living Room
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Refrigerator
    Standard status
    Active
    Size
    2,760 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4830

    Utilities

    Heating system
    Natural Gas, Steam

    Building Details

    Floors in Building
    3
    Flooring type
    Hardwood, Tile
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Vito Angelo
    Vito Angelo

    Listing agent Vito Angelo

    Listing office REMAX REAL ESTATE PROFESSIONALS 6423 11th AVE, BROOKLYN, NY

    Listing date Dec 29, 2025

    MLS# 11622882 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Solid brick mixed‑use building in Boro Park with a two‑family layout plus an additional store
    • 3 bedrooms over 3 bedrooms, with a full finished basement
    • Additional full finished basement space with bathrooms listed on the property
    • Hardwood and tile flooring, with a refrigerator included
    • Heating includes natural gas steam; new boiler and electric service noted
    • Garage parking plus a large backyard; can be delivered vacant with full possession

    Overview

    Solid brick mixed-use building in Borough Park featuring a large two-family configuration with apartments arranged as 3 bedrooms over 3 bedrooms. The property also includes a storefront and a full finished basement, adding flexible functional space for both residential and commercial use. Additional highlights include a large backyard, a new boiler, and an updated electric service. The building can be delivered vacant, with full possession available for qualified buyers.

    Located at 4824 New Utrecht Ave in Brooklyn, this property presents an owner-ready opportunity for investors and end-users seeking a mixed-use asset. The combination of residential units and a dedicated store component supports multiple income avenues, while the courtyard-style outdoor space offers additional value for day-to-day usability.

    With the storefront included on-site alongside the two residential units, the building can fit a range of strategies, from long-term rental investment to owner-occupancy with income from the additional units. Developers and investors may also see opportunity in the property’s solid brick construction and existing layout, particularly given the ability to take possession vacant. Owner is ready to hear bids from qualified buyers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hao Heng Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.99494
    Latitude
    40.63695

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    FAQs

    What type of property is this?
    Duplex - Solid brick two-family over two units plus a storefront, with a full finished basement and large backyard for income-focused buyers.
    Where is this duplex located?
    The property is located at 4824 New Utrecht Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: Solid brick mixed‑use building in Boro Park with a two‑family layout plus an additional store; 3 bedrooms over 3 bedrooms, with a full finished basement; Additional full finished basement space with bathrooms listed on the property
    (718) 887-5708
    We can help!
    Listing Contact
    Vito Angelo
    Vito Angelo
    Real Estate License ID: 40AN0957928
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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