Brooklyn Commercial Building with
6321 New Utrecht Ave, Brooklyn, NY
For Sale
Contact for pricing
Commercial building with parking lot and multiple entrances in Brooklyn.
Property Size13,770 SF
Lot Size0.20 Acres
Price / SF$603.85
Days on Market972
Property Features for 6321 New Utrecht Ave
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Kassin Sabbagh Realty (KSR)
(212) 417-9217
Listed By:
Ohad Babo
(646) 234-9350
Source:
Moodyscre
Added: Mar 13, 2024
Changed: Aug 8
Last Checked: Jul 26 at 8:08AM
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 Kassin Sabbagh Realty (KSR)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a commercial building with multiple entrances, including two on New Utrecht Avenue, one on 64th Street, and one from the attached parking lot. The parking lot can accommodate up to 15 cars. Flagstar Bank, a New York Community Bank subsidiary, operates as a tenant, having acquired a large segment of Signature Bank. Bricolage has been a tenant since 2001. The building's size is 13,770 square feet. The property is located near the N, Q, W, and D subway lines. The annual taxes are $88,666. There is an ICIP for 2024/2025 of $425,250.
Key Highlights
- Tenant is Flagstar Bank (New York Community Bank Subsidiary)
- ICIP for 2024/2025 is $425,250
- Parking lot with space for up to 15 cars included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$660,335
Cap Rate
7.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,206,700
$13.2M
Cap Rate 7%
$9,433,357
$9.4M
Cap Rate 9%
$7,337,056
$7.3M
Market Conditions
NOI Build-Up for 13,770 SF
Gross rent
$1.07M $77.76/SF
− Vacancy
−$127.4K −$9.25/SF
EGI
$943.3K $68.51/SF
− OpEx
−$283.0K −$20.55/SF
NOI
$660.3K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,206,700
Cap Rate 7%
$9,433,357
Cap Rate 9%
$7,337,056
Alternative Uses
Best Use
Specialty Retail
$11.40M
$9.98M – $13.30M
NOI $798,109 @ 7.0% cap · market cap 9.60%
Second Best
Retail
$9.43M
$8.25M – $11.01M
NOI $660,335 @ 7.0% cap · market cap 7.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,809
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Brooklyn, NY
Properties on Market for Office buildings in Brooklyn
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Commercial building with parking lot and multiple entrances in Brooklyn.
Where is this office building located?
The property is located at 6321 New Utrecht Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,315,000.
What are key features of this property?
This property features: Tenant is Flagstar Bank (New York Community Bank Subsidiary); ICIP for 2024/2025 is $425,250; Parking lot with space for up to 15 cars included
