Corner Mixed-Use
5602 New Utrecht Avenue Brooklyn, NY 11219
5602 New Utrecht Avenue, Brooklyn, NY, 11219
$2,500,000
For Sale
$2,500,000
Brick semi-attached corner building with two apartments and two ground-floor commercial units, plus a finished modern basement.
Property Size2,640 SF
Price / SF$946.97
Days on Market165
Property Features for 5602 New Utrecht Avenue
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
Superior Realty Service
(347) 554-8282
Listed by
Diana Melerud · License #melna1282
(347) 554-8282
Source
Compass
Added: Feb 7 Updated: Jul 22 at 7:17AM Checked: Jul 22 at 7:17AM
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 Superior Realty Service
Investment Insights
Based on property information with market context.
This for-sale mixed-use property features a brick semi-attached corner building with two apartments and two ground-floor commercial spaces. The residential component includes a three-bedroom apartment and a two-bedroom apartment. The commercial space includes a pharmacy and an office. A finished, modern basement adds additional usable interior space.
The property sits on a lot measuring 22.42 by 44.17, with a building footprint of 20 by 44.17. It is described as conveniently located near trains, buses, schools, and shopping.
Reported rents include $5,000, $1,000, and the two apartments at $1,800 for the two-bedroom and $1,900 for the three-bedroom, for total reported annual income of $116,400. Taxes are listed at $9,993 per year.
The property sits on a lot measuring 22.42 by 44.17, with a building footprint of 20 by 44.17. It is described as conveniently located near trains, buses, schools, and shopping.
Reported rents include $5,000, $1,000, and the two apartments at $1,800 for the two-bedroom and $1,900 for the three-bedroom, for total reported annual income of $116,400. Taxes are listed at $9,993 per year.
Key Highlights
- Mixed‑use brick semi‑attached corner property with 2 apartments and 2 ground‑floor commercial units
- Two apartments: 3BR rent $1,900/mo and 2BR rent $1,800/mo
- Commercial units include a pharmacy and an office; listed rents include $5K and $1K per month
Local Financial Insights For Multifamily LT 5
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 | $114.0k | $43.20 |
| − Vacancy | −$5.1k | −$1.94 |
| EGI | $108.9k | $41.26 |
| − OpEx | −$32.7k | −$12.38 |
| NOI | $76.2k | $28.88 |
2,640 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.0K – $1.27M
NOI $76,241 @ 7.0% cap · market cap 3.05%
Second Best
Office B
$1.03M
$903.5K – $1.20M
NOI $72,278 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,801 @ 7.0% cap · market cap 4.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Brick semi-attached corner building with two apartments and two ground-floor commercial units, plus a finished modern basement.
Where is this mixed-use property located?
The property is located at 5602 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Mixed‑use brick semi‑attached corner property with 2 apartments and 2 ground‑floor commercial units; Two apartments: 3BR rent $1,900/mo and 2BR rent $1,800/mo; Commercial units include a pharmacy and an office; listed rents include $5K and $1K per month
