Bensonhurst Mixed-Use Corner
6419 18th Avenue, Brooklyn, NY 11204
For Sale
Contact for pricing
Two mixed-use buildings with retail and vacant apartments in Brooklyn.
Property Size10,700 SF
Price / SF$771.03
Days on Market175
Property Features for 6419 18th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Investment Type
Net Operating Income
Building Details
Tenancy
Listing Agency:
Melanson Real Estate Group Inc.
Listed By:
Greg Melanson · License #NY 10311210172
Source:
Crexi
Added: May 19
Changed: Nov 4
Last Checked: Nov 8 at 7:53AM
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 Melanson Real Estate Group Inc.
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Investment Insights
Based on property information with market context.
Located at the corner of 18th Avenue and 65th Street in Bensonhurst, Brooklyn, are two adjacent mixed-use buildings. The ground floors are occupied by Starbucks at 6423 18th Avenue and Chun Hong Kong Café at 6419 18th Avenue. The upper floors are configured as six apartments in total, which will be delivered completely vacant. The properties combine for approximately 43' of frontage on 18th Avenue. The property has a size of 10700 square feet. Starbucks has been in this location for over 20 years, marking this as a prime retail location in South Brooklyn.
Key Highlights
- Prime retail location in South Brooklyn at the corner of 18th Avenue and 65th Street.
- Two adjacent mixed‑use buildings with established commercial tenants.
- Starbucks as a long‑term tenant (over 20 years).**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$513,114
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,262,280
$10.3M
Cap Rate 7%
$7,330,200
$7.3M
Cap Rate 9%
$5,701,267
$5.7M
Market Conditions
NOI Build-Up for 10,700 SF
Gross rent
$832.0K $77.76/SF
− Vacancy
−$99.0K −$9.25/SF
EGI
$733.0K $68.51/SF
− OpEx
−$219.9K −$20.55/SF
NOI
$513.1K $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%
$10,262,280
Cap Rate 7%
$7,330,200
Cap Rate 9%
$5,701,267
Alternative Uses
Best Use
Retail
$7.33M
$6.41M – $8.55M
NOI $513,114 @ 7.0% cap · market cap 6.22%
Second Best
Mixed Use
$5.55M
$4.86M – $6.47M
NOI $388,410 @ 7.0% cap · market cap 4.71%
Theoretical Best
Specialty Retail
$8.86M
$7.75M – $10.34M
NOI $620,172 @ 7.0% cap · market cap 7.52%
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
4,303
Businesses Nearby
125k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 24%
Electronics 11%
Groceries 9%
Starbucks
Dining
21,059 visits/mo
0.1 miles
Dollar Tree
Shops & Services
20,655 visits/mo
0.2 miles
Chase Bank
Shops & Services
13,520 visits/mo
0.1 miles
Bank of America
Shops & Services
11,277 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
10,722 visits/mo
0.1 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
$1,097,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two mixed-use buildings with retail and vacant apartments in Brooklyn.
Where is this mixed-use property located?
The property is located at 6419 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $8,250,000.
What are key features of this property?
This property features: Prime retail location in South Brooklyn at the corner of 18th Avenue and 65th Street.; Two adjacent mixed‑use buildings with established commercial tenants.; Starbucks as a long‑term tenant (over 20 years).**
