Church
For Sale
$1,000,000
65 Eldert Street, Brooklyn, NY 11207
An active house of worship occupies an R6-zoned parcel in Brooklyn.
Property Size1,900 SF
Lot Size0.05 Acres
Price / SF$526.32
Days on Market405
Property Features for 65 Eldert Street
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.05 Acres
Property subtype
Commercial
Zoning
R6
Building Details
Building Size
1,900 SF
Year Built
1931
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Valenti Realty Group LLC
Listed By:
Joan M. Valenti
(516) 343-3468
Source:
Croninreale
Added: Sep 17, 2025
Changed: Oct 25
Last Checked: Oct 26 at 4:01AM
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 Valenti Realty Group LLC
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Investment Insights
Based on property information with market context.
Built in 1931, the property is currently used as a church and has a 1,900-square-foot building footprint on a 2,000-square-foot lot. It is located at 65 Eldert Street in Brooklyn.
The parcel carries R6 zoning, identified in the listing as narrow-street zoning. The existing religious use and stated zoning designation are the primary documented characteristics of the property.
The parcel carries R6 zoning, identified in the listing as narrow-street zoning. The existing religious use and stated zoning designation are the primary documented characteristics of the property.
Key Highlights
- Active church use
- 1,900‑square‑foot building footprint
- 2,000‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,970
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,400
$1.4M
Cap Rate 7%
$985,286
$985.3K
Cap Rate 9%
$766,333
$766.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$125.4K $66.00/SF
− Vacancy
−$15.0K −$7.92/SF
EGI
$110.4K $58.08/SF
− OpEx
−$41.4K −$21.78/SF
NOI
$69.0K $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 Rate 5%
$1,379,400
Cap Rate 7%
$985,286
Cap Rate 9%
$766,333
Alternative Uses
Best Use
Mixed Use
$985.3K
$862.1K – $1.15M
NOI $68,970 @ 7.0% cap · market cap 6.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,987
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Church & religious facility - An active house of worship occupies an R6-zoned parcel in Brooklyn.
Where is this church & religious facility located?
The property is located at 65 Eldert Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Active church use; 1,900‑square‑foot building footprint; 2,000‑square‑foot lot
