Brick Mixed-Use Building with
6604 18th Avenue Brooklyn, NY 11204
6604 18th Avenue, Brooklyn, NY, 11204
$3,100,000
For Sale
$3,100,000
Brick mixed-use building with a ground-floor pharmacy and two apartments above on a matching lot.
Property Size2,960 SF
Price / SF$1,047
Days on Market152
Property Features for 6604 18th Avenue
General Information
- Standard status
- Active
- Size
- 2,960 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1935
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Jason Zhou · License #jz1320
(718) 612-3088
Source
Compass
Added: Feb 20 Updated: Jul 20 at 8:21PM Checked: Jul 21 at 6:09AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This well-maintained brick mixed-use building features a pharmacy on the ground floor with two spacious two-bedroom apartments located above. The property is described as being in move-in condition, and the building and lot are both sized at 20' x 84', providing a straightforward footprint for the improvements.
The property is positioned in the heart of the 18th Avenue commercial corridor in Bensonhurst, Brooklyn, and is presented as being surrounded by shops, restaurants, and public transportation.
For buyers looking for an income-producing structure, the configuration supports both retail/pharmacy use at grade and residential units on the upper level. Annual property tax is approximately $20,405, as provided in the listing remarks.
The property is positioned in the heart of the 18th Avenue commercial corridor in Bensonhurst, Brooklyn, and is presented as being surrounded by shops, restaurants, and public transportation.
For buyers looking for an income-producing structure, the configuration supports both retail/pharmacy use at grade and residential units on the upper level. Annual property tax is approximately $20,405, as provided in the listing remarks.
Key Highlights
- Brick mixed‑use building built in 1935 with a ground‑floor pharmacy and two apartments above
- 20' x 84' building on a full 20' x 84' lot
- Two two‑bedroom apartments with hardwood and tile flooring
Local Financial Insights For Specialty 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 | $248.6k | $84.00 |
| − Vacancy | −$19.9k | −$6.72 |
| EGI | $228.7k | $77.28 |
| − OpEx | −$57.2k | −$19.32 |
| NOI | $171.6k | $57.96 |
2,960 SF · lease $84.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,562 @ 7.0% cap · market cap 5.53%
Second Best
Retail
$2.03M
$1.77M – $2.37M
NOI $141,946 @ 7.0% cap · market cap 4.58%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Blue Point Pharmacy ...
Pharmacy
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Brick mixed-use building with a ground-floor pharmacy and two apartments above on a matching lot.
Where is this mixed-use property located?
The property is located at 6604 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Brick mixed‑use building built in 1935 with a ground‑floor pharmacy and two apartments above; 20' x 84' building on a full 20' x 84' lot; Two two‑bedroom apartments with hardwood and tile flooring
