Two-Family Duplex with Retail
For Sale
$2,198,000
7509 New Utrecht Avenue, Brooklyn, NY 11214
First floor features a certified USDA-approved food processing setup with reinforced floors, walk-in box freezer, and updated electrical.
Property Size2,700 SF
Price / SF$814.07
Days on Market192
Property Features for 7509 New Utrecht Avenue
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$7,473
Amenities
200 Amp, Circuit Breakers
Concrete, Hardwood, Tile
1
3
8-10 Foot
Finished, Full
Block
Employee Lounge
Brick
No
Doors - 10 ft and under, Sign - Building, Storage Building
Building Details
Year Built
1931
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Anthony Mussolino · License #am4485
(718) 238-6080
Source:
Compass
Added: Jan 31
Changed: Aug 10
Last Checked: Aug 10 at 9:40AM
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 Ben Bay Realty Co of Bay Ridge
Investment Insights
Based on property information with market context.
Located at 7509 New Utrecht Avenue in Brooklyn, this two-family duplex includes a retail store with a first-floor, certified USDA-approved processing facility. The space is built for food production, with reinforced floors, updated electric, a walk-in box freezer, preparation area, and a 1/2 bath. Employee support areas include a locker room and a USDA inspector room, along with an upgraded drain system. The new storefront includes openings wide enough for pallet movers, and the property is presented as turn-key.
The building also has a full basement. Mechanical and exterior improvements include 3 new boilers and two hot water heaters, as well as a new roof. The second-floor tenants pay their own utilities.
On the residential side, the front unit on the second floor is a two-bedroom apartment, while the rear unit is a one-bedroom apartment. Built in 1931, the total building footprint is approximately 20' x 83' for the first floor and basement and 20' x 56' for the second floor, with taxes reported at $7,473.
The building also has a full basement. Mechanical and exterior improvements include 3 new boilers and two hot water heaters, as well as a new roof. The second-floor tenants pay their own utilities.
On the residential side, the front unit on the second floor is a two-bedroom apartment, while the rear unit is a one-bedroom apartment. Built in 1931, the total building footprint is approximately 20' x 83' for the first floor and basement and 20' x 56' for the second floor, with taxes reported at $7,473.
Key Highlights
- Mixed‑use building with 2 family apartments plus a first‑floor store/food processing space
- First floor is a certified USDA‑approved processing facility with reinforced floors and preparation area
- Includes walk‑in box freezer and USDA inspector room, plus upgraded drain system
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
$73,642
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
3.35%
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%
$1,472,840
$1.5M
Cap Rate 7%
$1,052,029
$1.1M
Cap Rate 9%
$818,244
$818.2K
Market Conditions
NOI Build-Up for 2,700 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
$110.2K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$105.2K $38.96/SF
− OpEx
−$31.6K −$11.69/SF
NOI
$73.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,472,840
Cap Rate 7%
$1,052,029
Cap Rate 9%
$818,244
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.5K – $1.23M
NOI $73,642 @ 7.0% cap · market cap 3.35%
Second Best
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,253 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - First floor features a certified USDA-approved food processing setup with reinforced floors, walk-in box freezer, and updated electrical.
Where is this duplex located?
The property is located at 7509 New Utrecht Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,198,000.
What are key features of this property?
This property features: Mixed‑use building with 2 family apartments plus a first‑floor store/food processing space; First floor is a certified USDA‑approved processing facility with reinforced floors and preparation area; Includes walk‑in box freezer and USDA inspector room, plus upgraded drain system
