Borough Park Mixed-Use
4912-4914 New Utrecht Avenue Brooklyn, NY 11219
4912-4914 New Utrecht Avenue, Brooklyn, NY, 11219
Contact for pricing
For Sale
Contact for pricing
Pending
Two contiguous mixed-use buildings in prime Borough Park location.
Property Size6,000 SF
Lot Size0.08 Acres
Days on Market58
Property Features for 4912-4914 New Utrecht Avenue
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Lot size
- 0.08 Acres
- Property subtype
- Retail, Multifamily, Mixed Use
Listing agency
IPRG Investment Property Realty Group
Listed by
Matt Dittmeier · License #10401329347
Source
Crexi
Added: May 26 Updated: Jul 10 at 3:58PM Checked: Jul 21 at 7:03AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Local Financial Insights For Mixed Use
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 | $252.0k | $42.00 |
| − Vacancy | −$27.7k | −$4.62 |
| EGI | $224.3k | $37.38 |
| − OpEx | −$84.1k | −$14.02 |
| NOI | $140.2k | $23.36 |
6,000 SF · lease $42.00/SF/yr · vacancy 11.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$2.00M
$1.75M – $2.34M
NOI $140,175 @ 7.0% cap · market cap 4.67%
Second Best
Retail
$1.80M
$1.58M – $2.11M
NOI $126,302 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$3.89M
$3.40M – $4.54M
NOI $272,275 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
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.
