Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    6919 New Utrecht Ave Brooklyn, NY 11228-1809

    • Retail space
    • 1,856 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2265962
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Malay Bakery INC. / Bakery

    Property Details for 6919 New Utrecht Ave

    Year built
    1931
    Lot size
    0.04 lot acres
    Property size
    1,856 SF
    Zone code
    R5
    Property type
    Retail space
    APN
    06158-0038
    APU
    61580038

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9985
    Latitude
    40.6197
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,936
    $41,850
    $100,350
    $142,200
    -
    $93,000
    $223,000
    $316,000

    Comparable in this City

    • Value Estimation
      $3,620,000
      5,310 SF

      7107 New Utrecht Ave, Unit 7127

      RETAIL STORES (PERSONAL SERVICES) • 5,310 SF
      7107 New Utrecht Ave, Brooklyn, NY 11228-2115
      View Details
    • Value Estimation
      $4,440,000
      6,996 SF

      7416 13th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,996 SF
      7416 13th Ave, Brooklyn, NY 11228-2021
      View Details
    • Value Estimation
      $480,000
      5,760 SF

      8021 13th Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,760 SF
      8021 13th Ave, Brooklyn, NY 11228
      View Details
    • Value Estimation
      $300,000
      1,106 SF

      1412 86th St

      RETAIL STORES (PERSONAL SERVICES) • 1,106 SF
      1412 86th St, Brooklyn, NY 11228-3408
      View Details
    • Value Estimation by Request
      10,550 SF

      7011 13th Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,550 SF
      7011 13th Ave, Brooklyn, NY 11228
      View Details
    • Value Estimation by Request
      1,500 SF

      1402 86th St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1402 86th St, Brooklyn, NY 11228-3408
      View Details

    Similar Nearby for Sale

    • $3,500,000
      5,000 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Dyker Heights with commercial and residential units.
      7609 13Th Ave, Brooklyn, NY 11228
      View Details
    • New
      $1,480,000
      2,200 SF

      Mixed-Use Building in Brooklyn

      Mixed-use building featuring a commercial storefront and residential unit.
      7206 New Utrecht Ave, Brooklyn, NY 11228
      View Details
    • $1,580,000
      2,160 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use property in Brooklyn with storefront and apartments near N train.
      7109 8Th Ave, Brooklyn, NY 11228
      View Details
    • $1,980,000
      0.04 Acres

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use building in Bay Ridge with strong rental income.
      699 86Th St, Brooklyn, NY 11228
      View Details
    • $1,848,888

      Renovated Mixed-Use Property For Sale

      High-traffic, renovated mixed-use property with store and two-family residence.
      7203 13Th Ave, Brooklyn, NY 11228
      View Details
    • $1,480,000
      1,920 SF

      Brooklyn Mixed-Use Investment Opportunity

      Mixed-use property in Dyker Heights with retail and residential units.
      7413 13Th Ave, Brooklyn, NY 11228
      View Details

    Similar Nearby for Lease

    • $45 SF/Yr
      4,200 SF

      Prime 13th Ave Retail Space

      4,200 SF Retail, High Traffic Area
      7416 13Th Ave, Brooklyn, NY 11228
      View Details
    • $3,800 /Mo

      Bensonhurst Storefront Commercial Space

      Prime storefront in Bensonhurst, great for retail or office.
      6904 15Th Ave, Brooklyn, NY 11228
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Restaurant in Dyker Heights

      Restaurant space with full basement and excellent neighborhood amenities.
      7504 13Th Ave, Brooklyn, NY 11228
      View Details
    • $46 SF/Yr
      1,100 SF

      Prime Brooklyn Retail/Office Space

      Dyker Heights gem: 1,100 sq ft, 2-story building.
      7110 13Th Ave, Brooklyn, NY 11228
      View Details
    • $12,000 /Mo
      4,200 SF

      Brooklyn Office Space with High Ceilings

      4,200 SF office space in Dyker Heights with 18-foot ceilings.
      7416 13Th Ave, Brooklyn, NY 11228
      View Details
    • $3,000 /Mo
      380 SF

      Renovated Office Space in Brooklyn

      Newly renovated 380 sq ft office space for rent.
      6 Parrott Pl, Brooklyn, NY 11228
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6919 New Utrecht Ave
    Brooklyn, NY 11228-1809
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.