Profitable Commercial Building on
For Sale
$1,990,000
Pending
6814 18th Avenue, Brooklyn, NY 11204
Lucrative commercial building with stable tenants and strong income.
Property Size2,650 SF
Days on Market199
Property Features for 6814 18th Avenue
General Information
Standard status
Pending
Size
2,650 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$17,600
Amenities
110 V, 220 V
Ceramic, Hardwood
2
1
Finished
Block
Other
Brick
Building Details
Year Built
1931
Listing Agency:
Tiger Realty
Listed By:
Franklin Shan · License #fs1500
(917) 708-9966
Source:
Compass
Added: Mar 24
Changed: Sep 10
Last Checked: Oct 7 at 2:56PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This commercial building is located on 18th Avenue and is currently configured as all commercial units. The first floor is occupied by a Vietnamese restaurant, generating a monthly rental income of $6,500, with the tenant responsible for 50% of the property taxes. The lease has 3 years remaining, with an option for an additional 5 years, and includes a 4% annual increase. The second floor is rented for $3,300 per month, also with a 4% annual escalation and 3 years remaining on the lease. Tenants are responsible for all water and sewer bills. The property size is 2,600 square feet. The owner is responsible for half of the property taxes and building insurance.
Key Highlights
- Prime location on 18th Ave.
- High rental income: $6500/month (1st floor) + $3300/month (2nd floor).
- Commercial units only: No residential tenant hassles.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$153,594
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,880
$3.1M
Cap Rate 7%
$2,194,200
$2.2M
Cap Rate 9%
$1,706,600
$1.7M
Market Conditions
NOI Build-Up for 2,650 SF
Gross rent
$222.6K $84.00/SF
− Vacancy
−$17.8K −$6.72/SF
EGI
$204.8K $77.28/SF
− OpEx
−$51.2K −$19.32/SF
NOI
$153.6K $57.96/SF
Area
Brooklyn, NY
Vacancy
8.00%
Lease Rate
$84.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,071,880
Cap Rate 7%
$2,194,200
Cap Rate 9%
$1,706,600
Alternative Uses
Best Use
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,594 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,088
Businesses Nearby
165k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 18%
Groceries 16%
Electronics 8%
Starbucks
Dining
21,059 visits/mo
0.2 miles
Dollar Tree
Shops & Services
20,655 visits/mo
0.3 miles
7-Eleven
Shops & Services
15,958 visits/mo
0.4 miles
Key Food
Groceries
15,543 visits/mo
0.4 miles
Chase Bank
Shops & Services
13,520 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Lucrative commercial building with stable tenants and strong income.
Where is this conventional restaurant located?
The property is located at 6814 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Prime location on 18th Ave.; High rental income: $6500/month (1st floor) + $3300/month (2nd floor).; Commercial units only: No residential tenant hassles.
