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    6321 New Utrecht Ave Brooklyn, NY 11219

    For Sale
    $8,315,000

    13,770 SF Executive Office, $8.3M

    Property size:
    13,770 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional two-story, 13,770 square foot executive office building in Brooklyn's Borough Park neighborhood is situated on an 8,808 square foot corner lot at 6321 New Utrecht Avenue. Built in 1925, the property boasts three units and features convenient access to multiple subway lines. The building includes four entrances: two from New Utrecht Avenue, one from 64th Street, and one from an attached parking lot accommodating up to 15 cars. Notable long-term tenants include Flagstar Bank (a New York Community Bank subsidiary) and Bricolage, which has occupied space since 2001. The property is zoned M1-1. Annual property taxes are $88,666, and the 2024/2025 ICIP is $425,250. This presents a compelling investment opportunity in a high-demand location. The asking price is $8,315,000, with a price per square foot of $624.55.

    Property Features for 6321 New Utrecht Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,770 SF

    Building Details

    Stories
    2
    Units
    2

    HighLights

    • Three street entrances: New Utrecht Avenue (two), 64th Street, and parking lot access.
    • 15‑car parking lot included.
    • New York Community Bank (successor to Signature Bank) is a major tenant.
    • Bricolage has occupied the space since 2001.
    • Annual property taxes: $88,666; ICIP (2024/2025): $425,250.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flagstar Private Banking Financial Consultant Medbroad Medical Supply Store Harmony Healthcare Health Consultant Bricolage Design Associates Architect

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9971852
    Latitude
    40.6245538

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    FAQs

    What type of property is this?
    Office Property / Space - 13,770 SF Executive Office, $8.3M
    Where is this office property / space located?
    The property is located at 6321 New Utrecht Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $8,315,000.
    What are key features of this property?
    This property features: Three street entrances: New Utrecht Avenue (two), 64th Street, and parking lot access.; 15-car parking lot included.; New York Community Bank (successor to Signature Bank) is a major tenant.
    Request Owner's contact information
    6321 New Utrecht Ave Brooklyn, NY 11219
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6321 New Utrecht Ave Brooklyn, NY 11219
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