Renovated Mixed-Use Corner
For Sale
$3,499,000
6326 New Utrecht Avenue, Brooklyn, NY 11219
COMMERCIAL - Brooklyn, NY
Property Size5,250 SF
Lot Size0.05 Acres
Price / SF$666.48
Days on Market978
Property Features for 6326 New Utrecht Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
M1-1
Subdivision
Bensonhurst
Standard status
Active
Size
5,250 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
19320
Building Details
Year built
1920
Floors in Building
3
Number of units
6
Building materials
Brick
Roof type
Flat, Rubber
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Dec 18, 2023
Changed: Aug 4
Last Checked: Aug 22 at 12:06AM
MLS# 478807
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 building at 6326 New Utrecht Avenue is a solid-brick corner property with 5,250 square feet of interior space. The building contains six commercial office spaces and includes one retail space scheduled for delivery vacant at closing. A renovation was completed in 2022, and the property has separate utility meters and hot water tanks. The structure was built in 1920 and has a flat rubber roof.
The 0.0506-acre site is positioned near a major intersection on 65th Street and is described as a high-traffic location. Public transportation is one block away, with access to the D and N subway lines. The property carries M1-1 zoning and is located near a house of worship.
The 0.0506-acre site is positioned near a major intersection on 65th Street and is described as a high-traffic location. Public transportation is one block away, with access to the D and N subway lines. The property carries M1-1 zoning and is located near a house of worship.
Key Highlights
- Renovation completed in 2022
- Six commercial office spaces within a 5,250‑square‑foot building
- One retail space to be delivered vacant at closing
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
$143,734
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
4.11%
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%
$2,874,680
$2.9M
Cap Rate 7%
$2,053,343
$2.1M
Cap Rate 9%
$1,597,044
$1.6M
Market Conditions
NOI Build-Up for 5,250 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
$245.7K $46.80/SF
− Vacancy
−$54.1K −$10.30/SF
EGI
$191.6K $36.50/SF
− OpEx
−$47.9K −$9.13/SF
NOI
$143.7K $27.38/SF
Area
ZIP 11219
Vacancy
22.00%
Lease Rate
$46.80 /SF/Yr
Expense Ratio
25.00%
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%
$2,874,680
Cap Rate 7%
$2,053,343
Cap Rate 9%
$1,597,044
Alternative Uses
Best Use
Office B
$2.05M
$1.80M – $2.40M
NOI $143,734 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,653 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$3.40M
$2.98M – $3.97M
NOI $238,241 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property offers office suites, retail space, and separately metered utilities.
Where is this mixed-use property located?
The property is located at 6326 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Renovation completed in 2022; Six commercial office spaces within a 5,250‑square‑foot building; One retail space to be delivered vacant at closing
