New Mixed-Use Community
For Sale
$6,800,000
C103-1238 63rd St, Brooklyn, NY 11220
Large community space within a 146-unit mixed-use complex, near shopping, restaurants, supermarkets, and public transportation.
Property Size13,615 SF
Price / SF$499.45
Days on Market117
Property Features for C103-1238 63rd St
General Information
Standard status
Active
Size
13,615 SF
Additional Details
Public Transit
Yes
Listing Agency:
Fang Fang Realty Inc
(718) 676-2518
Listed By:
XueFang (Sue) Li
(718) 676-2518
Source:
Exprealty
Added: May 8
Changed: Aug 30
Last Checked: Aug 31 at 6:06PM
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 Fang Fang Realty Inc
Investment Insights
Based on property information with market context.
This brand-new 13,615-square-foot community space is located within a mixed-use complex containing 146 residential units. The property can accommodate a range of community-serving and professional functions, including senior centers, home care operations, medical offices, training facilities, nonprofit organizations, and children’s play areas.
Located at C103-1238 63rd St in Brooklyn, the property is near supermarkets, restaurants, and shopping. Public transportation access includes the N and D subway lines along with the B9 and B64 bus routes. Nearby schools identified in the property information include PS176, IS187, and PS227.
Located at C103-1238 63rd St in Brooklyn, the property is near supermarkets, restaurants, and shopping. Public transportation access includes the N and D subway lines along with the B9 and B64 bus routes. Nearby schools identified in the property information include PS176, IS187, and PS227.
Key Highlights
- Brand‑new 13,615‑square‑foot community space
- Located within a mixed‑use complex with 146 residential units
- Suitable for senior centers, home care companies, and medical offices
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
$406,571
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
5.98%
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%
$8,131,420
$8.1M
Cap Rate 7%
$5,808,157
$5.8M
Cap Rate 9%
$4,517,456
$4.5M
Market Conditions
NOI Build-Up for 13,615 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
$686.2K $50.40/SF
− Vacancy
−$144.1K −$10.58/SF
EGI
$542.1K $39.82/SF
− OpEx
−$135.5K −$9.95/SF
NOI
$406.6K $29.86/SF
Area
ZIP 11220
Vacancy
21.00%
Lease Rate
$50.40 /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%
$8,131,420
Cap Rate 7%
$5,808,157
Cap Rate 9%
$4,517,456
Alternative Uses
Best Use
Office B
$5.81M
$5.08M – $6.78M
NOI $406,571 @ 7.0% cap · market cap 5.98%
Second Best
Mixed Use
$5.37M
$4.70M – $6.26M
NOI $375,774 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$8.83M
$7.72M – $10.30M
NOI $617,838 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Large community space within a 146-unit mixed-use complex, near shopping, restaurants, supermarkets, and public transportation.
Where is this mixed-use property located?
The property is located at C103-1238 63rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: Brand‑new 13,615‑square‑foot community space; Located within a mixed‑use complex with 146 residential units; Suitable for senior centers, home care companies, and medical offices
