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Corner Mixed-Use Property Package
For Sale
$3,000,000

67 UNDERHILL Avenue, Brooklyn, NY 11238

Two adjoining buildings combine commercial space with four three-bedroom apartments.

Property Size1,000 SF
Lot Size0.09 Acres
Price / SF$3,000
Days on Market16

Property Features for 67 UNDERHILL Avenue

General Information

Standard status Active
Size 1,000 SF
Lot size 0.09 Acres
Property subtype Mixed Use
Zoning R6B

Site & Location

Corner Location Yes
Road Access Yes
Public Transit Yes

Units

Unit Mix 4 x 3BR/1BA
Multifamily Units 4

Additional Details

Asking Price $6,000,000

Taxes and HOA fees

Annual Taxes $6,768

Building Details

Building Size 1,000 SF
Year Built 1930
Buildings 2
Listing Agency: Douglas Elliman Real Estate
Listed By: Jason Abrishami · License #10301216796
Source: Carlinwright
Added: Jul 21 Changed: Aug 3 Last Checked: Aug 5 at 4:25AM

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 Douglas Elliman Real Estate

Investment Insights

Based on property information with market context.

This mixed-use assemblage includes two adjoining buildings with commercial space at grade and two residential apartments above each structure. The four apartments are configured with three bedrooms and one bathroom apiece. An auto body shop with an existing curb cut from Bergen Street adds another operating component to the property. All residential units are fully free-market, and the buildings were constructed in 1930.

The property occupies a corner position on Underhill Avenue in Prospect Heights, between Bergen Street and Saint Marks Avenue. It is near Prospect Park, Grand Army Plaza, Barclays Center, Atlantic Terminal, the Brooklyn Museum, Brooklyn Botanic Garden, and Brooklyn Public Library. Nearby transit includes the C train at Clinton-Washington Avenues, the A, C, and S lines, and the 2 and 3 trains at Grand Army Plaza, along with Long Island Rail Road access at Atlantic Terminal.

The property is located within R6B zoning and includes approximately 897 square feet of unused FAR, subject to approvals. The two-building package is offered as a combined acquisition rather than as separate properties.

Key Highlights

  • Two adjoining mixed‑use buildings offered as one package
  • Four residential apartments, each with three bedrooms and one bathroom
  • Commercial space at grade in both buildings

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Auto Parts Store Nursing Home Carpet & Flooring Store Building Supply (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,181
Businesses Nearby

Demographics for 11238, NY

60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two adjoining buildings combine commercial space with four three-bedroom apartments.
Where is this mixed-use property located?
The property is located at 67 UNDERHILL Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Two adjoining mixed‑use buildings offered as one package; Four residential apartments, each with three bedrooms and one bathroom; Commercial space at grade in both buildings
More about this property
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