Mixed-Use Property with
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 Market187
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
(917) 708-9966
Added: Feb 16
Changed: Aug 4
Last Checked: Aug 22 at 12:06PM
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 mixed-use commercial property contains laundromat businesses on the ground level and a luxury yoga center on the second floor. The building offers 9,725 square feet on a 0.101-acre parcel, with block and brick construction beneath a flat roof. C1-2 R5 zoning supports the existing commercial configuration.
Located at 6322 20th Avenue in Brooklyn, the property is identified within Kings County and carries a Brooklyn, NY 11204 address. The existing lease has 8 years remaining, providing an established occupancy framework for the current uses.
Located at 6322 20th Avenue in Brooklyn, the property is identified within Kings County and carries a Brooklyn, NY 11204 address. The existing lease has 8 years remaining, providing an established occupancy framework for the current uses.
Key Highlights
- 9,725‑square‑foot mixed‑use commercial property
- 0.101‑acre parcel at 6322 20th Avenue, Brooklyn, NY 11204
- Ground‑floor laundromat businesses
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,047
Businesses Nearby
153k
Monthly Visits Nearby
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property combines laundromat operations with a second-floor yoga center.
Where is this mixed-use 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 mixed‑use commercial property; 0.101‑acre parcel at 6322 20th Avenue, Brooklyn, NY 11204; Ground‑floor laundromat businesses
