Bensonhurst Mixed-Use Corner
For Sale
Contact for pricing
6419 18th Avenue, Brooklyn, NY 11204
Two mixed-use buildings with retail and vacant apartments in Brooklyn.
Property Size10,700 SF
Price / SF$771.03
Days on Market87
Property Features for 6419 18th Avenue
General Information
Standard status
Active
Size
10,700 SF
Property subtype
Retail, Mixed Use
Zoning
C4-2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$274,623
Building Details
Tenancy
Multi
Listing Agency:
Melanson Real Estate Group Inc.
Listed By:
Greg Melanson · License #NY 10311210172
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Aug 12 at 10:23AM
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).**
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
$513,114
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
6.22%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,303
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Questions? Ask Rey
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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).**
