Storefront Property with Yoga
For Sale
$4,800,000
6322 20th Avenue, Brooklyn, NY 11204
Commercial, Brooklyn, NY
Property Size9,725 SF
Lot Size0.10 Acres
Price / SF$493.57
Days on Market213
Property Features for 6322 20th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1-2 R5
Basement
Full
Subdivision
Boro-Park
Standard status
Active
Size
9,725 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
76000
Building Details
Number of units
1
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Franklin Shan · License #FS1500
(718) 269-4598
Added: Feb 16
Changed: Sep 7
Last Checked: Sep 17 at 9:06AM
MLS# 499032
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 9,725-square-foot storefront property occupies a 0.101-acre lot and includes laundromat operations on the ground level with a yoga center on the second floor. The building features block and brick construction, a flat roof, and C1-2 R5 zoning.
Located at 6322 20th Avenue in Brooklyn, the property is subject to a lease with 8 years remaining. Its configuration brings two distinct commercial uses together within one building.
Located at 6322 20th Avenue in Brooklyn, the property is subject to a lease with 8 years remaining. Its configuration brings two distinct commercial uses together within one building.
Key Highlights
- 9,725‑square‑foot storefront property on a 0.101‑acre lot
- Laundromat operations occupy the ground level
- Second‑floor yoga center
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$353,018
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,060,360
$7.1M
Cap Rate 7%
$5,043,114
$5.0M
Cap Rate 9%
$3,922,422
$3.9M
Market Conditions
NOI Build-Up for 9,725 SF
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.
Gross rent
$641.9K $66.00/SF
− Vacancy
−$77.0K −$7.92/SF
EGI
$564.8K $58.08/SF
− OpEx
−$211.8K −$21.78/SF
NOI
$353.0K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,060,360
Cap Rate 7%
$5,043,114
Cap Rate 9%
$3,922,422
Alternative Uses
Best Use
Retail
$6.66M
$5.83M – $7.77M
NOI $466,358 @ 7.0% cap · market cap 9.72%
Second Best
Mixed Use
$5.04M
$4.41M – $5.88M
NOI $353,018 @ 7.0% cap · market cap 7.35%
Theoretical Best
Specialty Retail
$8.05M
$7.05M – $9.39M
NOI $563,661 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,047
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 46%
Dining 38%
Electronics 9%
Groceries 7%
McDonald's
Dining
24,219 visits/mo
0.4 miles
Starbucks
Dining
21,059 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,655 visits/mo
0.2 miles
Chase Bank
Shops & Services
13,520 visits/mo
0.2 miles
Bank of America
Shops & Services
11,277 visits/mo
0.2 miles
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-level commercial property combines laundromat operations with a second-floor yoga center.
Where is this storefront property located?
The property is located at 6322 20th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 9,725‑square‑foot storefront property on a 0.101‑acre lot; Laundromat operations occupy the ground level; Second‑floor yoga center
