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Property profile & analytics
FOR SALE
Investment properties

6326 New Utrecht Ave Brooklyn, NY 11219

5,250 SF 0.05 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US63-0049139
6326 New Utrecht Ave, Brooklyn, NY 11219 For Sale
$3,499,000 5,250 SF
6326 New Utrecht Ave, Brooklyn, NY 11219
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Property summary
AI-generated overview

This exceptional 2,205 square foot commercial land parcel, located at 6326 New Utrecht Avenue in Brooklyn, New York (zip code 11214), presents a compelling investment opportunity for developers, end-users, and investors alike. The property boasts a completely renovated, solid brick corner building, completed in 2022. The building currently features six commercial office spaces, strategically positioned for high visibility and accessibility. One retail space will be vacant upon closing, offering immediate potential for lease or redevelopment. The property's prime location is a significant advantage, situated just one block from the D and N subway lines, ensuring convenient public transportation access. Its proximity to a house of worship further enhances its appeal. The high-traffic location, directly off 65th Street, a major intersection, guarantees substantial foot traffic and visibility. Individual utility meters and separate hot water tanks for each unit provide efficient management and cost control. This turnkey property offers a rare blend of immediate income potential and significant long-term growth prospects in a thriving Brooklyn neighborhood. The asking price is $3,499,000.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 5,250 SF
Lot 0.05 ac (2,205 SF)
Zoning code M1-1
APN 05741-0027
UPID US63-0049139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Parkside Appliance Home Appliance Store Hardware & Home Improvement
  • Mini Mart Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
$1.89M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.96M
Owner & transaction history
Parkside On 63rd LLC · 4 yrs held
Parkside On 63rd LLC
since 2022
Last sale
$1.9M
7 recorded transactions
2022
$1.9M
2015
$900,000
2004
$375,000
2004
$375,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
M1-1 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $3.0M +16.4%
Office building $2.9M +12.9%
Warehouse, storage $2.6M +2.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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