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    Borough Park Mixed-Use Buildings Title is generated by Realmo AI

    4912-4914 New Utrecht Avenue, Brooklyn, NY 11219

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    Two contiguous mixed-use buildings in prime Borough Park location.

    Type:Mixed Use, Multifamily, Retail
    Property size:
    6,000 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $500/SF
    Added:
    May 26, 2026
    Days on Market:
    10
    Last Refresh:
    May 27 at 8:26 am

    Property Features for 4912-4914 New Utrecht Avenue

    General Information

    Standard status
    Active
    Size
    6,000 SF
    Lot size
    0.08 Acres
    Property subtype
    Mixed Use, Multifamily, Retail

    We can help!

    Listing Contact
    Matt Dittmeier

    Listing agent Matt Dittmeier License #10401329347

    Listing office IPRG Investment Property Realty Group

    Listing date May 26, 2026

    Source Crexi

    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 IPRG Investment Property Realty Group

    HighLights

    • Rare package of two contiguous free‑market mixed‑use buildings in the heart of Borough Park, Brooklyn.
    • High‑traffic location with 40 feet of continuous frontage on New Utrecht Avenue.
    • Immediate value‑add opportunity with over 80% upside to market rents on four residential units delivered on month‑to‑month leases.
    • Stable in‑place income from two ground‑floor retail spaces occupied by strong, established tenants.
    • Direct adjacency to the 50th Street [D] subway station, providing excellent transit access.
    • Protected Tax Class 1 designation, ensuring long‑term low carrying costs.

    Overview

    Located in the heart of Borough Park, Brooklyn, 4912-4914 New Utrecht Avenue presents a rare opportunity to acquire two contiguous free-market mixed-use buildings. The properties, situated on New Utrecht Avenue between 49th and 50th Streets, feature 40 feet of continuous frontage along a high-traffic commercial corridor. The subject properties consist of four residential apartments above two ground-floor retail spaces, totaling approximately 6,000 square feet. Each building is constructed approximately 20 feet by 50 feet, with 4912 New Utrecht Avenue situated on a 20-foot by 90.25-foot lot and 4914 New Utrecht Avenue on a 20-foot by 85.67-foot lot. Zoned R6/C1-3, the properties benefit from Tax Class 1 designation. All four residential units are delivered on month-to-month leases, presenting a value-add opportunity with upside to market rents. The ground-floor retail spaces are currently occupied by established tenants, providing stable in-place income. The properties are located directly adjacent to the 50th Street [D] subway station, providing access to Brooklyn, Manhattan, and Queens, driving foot traffic and sustained demand for the ground-floor retail spaces.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $295.2k $49.20
    − Vacancy −$12.4k −$2.07
    EGI $282.8k $47.13
    − OpEx −$127.3k −$21.21
    NOI $155.5k $25.92
    6,000 SF · lease $49.20/SF/yr · vacancy 4.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.22M
    $1.94M – $2.59M (±1% cap)
    NOI $155,541 @ 7.0% cap · market cap 5.18%
    Second Best
    Mixed Use
    $2.00M
    $1.75M – $2.34M (±1% cap)
    NOI $140,175 @ 7.0% cap · market cap 4.67%
    Theoretical Best
    Office A
    $3.89M
    $3.40M – $4.54M (±1% cap)
    NOI $272,275 @ 7.0% cap · market cap 9.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -73.995042
    Latitude
    40.636445

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    FAQs

    What type of property is this?
    Mixed-use property - Two contiguous mixed-use buildings in prime Borough Park location.
    Where is this mixed-use property located?
    The property is located at 4912-4914 New Utrecht Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Rare package of two contiguous free‑market mixed‑use buildings in the heart of Borough Park, Brooklyn.; High‑traffic location with **40 feet of continuous frontage on New Utrecht Avenue.**; **Immediate value‑add opportunity with over 80% upside to market rents** on four residential units delivered on month‑to‑month leases.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Dittmeier
    Real Estate License ID: 10401329347
    Learn More
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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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