Mixed-Use Property with
New
For Sale
$1,469,000
7212 New Utrecht Avenue, Brooklyn, NY 11228
Restaurant space, three-bedroom apartment, basement, and rear outdoor area support multiple uses.
Property Size2,200 SF
Lot Size0.04 Acres
Price / SF$667.73
Days on Market2
Property Features for 7212 New Utrecht Avenue
General Information
Standard status
Active
Size
2,200 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/1BA
Multifamily Units
1
Additional Details
Floor
Ground
Business Included
Yes
Public Transit
Yes
Equipment Included
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
RE/MAX Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Prideestates
Added: Sep 9
Last Checked: Sep 9 at 3:20PM
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 mixed-use property combines an operating pizzeria with residential space and additional areas throughout the building. The ground level includes a dining room, commercial kitchen, and two bathrooms designated for customers and employees. The restaurant business has operated for over 30 years and is included with the real estate.
A three-bedroom apartment with a full bathroom occupies the upper floor, while the full basement provides additional usable space. The property also includes a rear outdoor area. Located at 7212 New Utrecht Avenue in Brooklyn, the building is one block from the 71st Street D train station, with nearby shopping and public transportation access.
A three-bedroom apartment with a full bathroom occupies the upper floor, while the full basement provides additional usable space. The property also includes a rear outdoor area. Located at 7212 New Utrecht Avenue in Brooklyn, the building is one block from the 71st Street D train station, with nearby shopping and public transportation access.
Key Highlights
- Mixed‑use property includes the building and an operating pizzeria business
- Pizzeria has operated for over 30 years
- Ground‑floor restaurant with dining area and commercial kitchen
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
$127,512
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
8.68%
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%
$2,550,240
$2.6M
Cap Rate 7%
$1,821,600
$1.8M
Cap Rate 9%
$1,416,800
$1.4M
Market Conditions
NOI Build-Up for 2,200 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
$184.8K $84.00/SF
− Vacancy
−$14.8K −$6.72/SF
EGI
$170.0K $77.28/SF
− OpEx
−$42.5K −$19.32/SF
NOI
$127.5K $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 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%
$2,550,240
Cap Rate 7%
$1,821,600
Cap Rate 9%
$1,416,800
Alternative Uses
Best Use
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 8.68%
Second Best
Mixed Use
$1.14M
$998.3K – $1.33M
NOI $79,860 @ 7.0% cap · market cap 5.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,866
Businesses Nearby
179k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 30%
Groceries 21%
Electronics 7%
Starbucks
Dining
21,059 visits/mo
0.5 miles
Burger King
Dining
18,603 visits/mo
0.5 miles
7-Eleven
Shops & Services
15,958 visits/mo
0.4 miles
Key Food
Groceries
15,543 visits/mo
0.1 miles
Chase Bank
Shops & Services
13,520 visits/mo
0.5 miles
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant space, three-bedroom apartment, basement, and rear outdoor area support multiple uses.
Where is this mixed-use property located?
The property is located at 7212 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,469,000.
What are key features of this property?
This property features: Mixed‑use property includes the building and an operating pizzeria business; Pizzeria has operated for over 30 years; Ground‑floor restaurant with dining area and commercial kitchen
