Bensonhurst Mixed-Use Corner
6419 18th Avenue Brooklyn, NY 11204
6419 18th Avenue, Brooklyn, NY, 11204
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For Sale
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Two mixed-use buildings with retail and vacant apartments in Brooklyn.
Property Size10,700 SF
Price / SF$771.03
Days on Market64
Property Features for 6419 18th Avenue
General Information
- Standard status
- Active
- Size
- 10,700 SF
- Property subtype
- Retail, Mixed Use
Listing agency
Melanson Real Estate Group Inc.
Listed by
Greg Melanson · License #NY 10311210172
Source
Crexi
Added: May 19 Updated: Jul 10 at 3:58PM Checked: Jul 21 at 12:49PM
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.
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).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $832.0k | $77.76 |
| − Vacancy | −$99.0k | −$9.25 |
| EGI | $733.0k | $68.51 |
| − OpEx | −$219.9k | −$20.55 |
| NOI | $513.1k | $47.95 |
10,700 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peter Zachary and Associates ...
Real Estate Agency
Chun Hong Kong ...
Restaurant
Similar For Sale Nearby
FAQs
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).**
