Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7107 New Utrecht Ave, Unit 7127 Brooklyn, NY 11228-2115

    • Retail space
    • 5,310 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    May 30, 2025
    $3,700,000
    Value Estimations
    $3,725,000
    Show details
    Cap Rate Potential
    7%
    Retail space
    Location Intelligence
    Property ID
    US63-1587089
    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

    • Clean Eighty Eight Inc / (Bike/Boat/Book/etc) Store
    • Store 88 / Department Store
    • tacos garibaldi 🌮 / Restaurant
    • Tacos Morelos / Restaurant

    Property Details for 7107 New Utrecht Ave

    Year built
    1931
    Lot size
    0.29 lot acres
    Property size
    5,310 SF
    Zone code
    R5
    Property type
    Retail space
    APN
    06180-0063
    APU
    61800063

    Description

    This exceptional commercial property at 7107 New Utrecht Avenue in Brooklyn, New York, presents a rare investment opportunity. Boasting a substantial 6,574 square feet of building space situated on a large 12,500 square foot lot (approximately 222 x 111 feet), this property offers significant upside potential. The building is currently configured for multiple uses, including retail, hospitality, and industrial, reflecting its versatility. The property features a ceiling height ranging from 11 to 15 feet, providing ample space for various business needs. Conveniently located in the heart of Bensonhurst, this property benefits from excellent transit access, being right off the D train at the 71st Street station. The property includes 24 parking spaces, a significant advantage in this area. The zoning is C2-2. A 6.5-year lease is currently in place, offering immediate income potential and long-term stability. This property's combination of size, location, and existing lease makes it an ideal investment for discerning buyers seeking a strong return in a thriving Brooklyn neighborhood. The substantial lot size and versatile building provide ample opportunity for future development and expansion. Don't miss this chance to acquire a truly unique commercial property in a prime location. Asking price is $4,800,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,625,000
      ML approach
      $3,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,245,000
      6.5%
      $3,920,000
      7%
      $3,640,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,851,000
      Market price range: $2.43M - $6.50M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,090,000
      Current use
      AUTO REPAIR, GARAGE
      $4,220,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9989
    Latitude
    40.6185
    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
    $36,596
    $140,400
    $259,650
    $400,050
    -
    $312,000
    $577,000
    $889,000

    Comparable in this City

    • Value Estimation
      $4,420,000
      6,996 SF

      7416 13th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,996 SF
      7416 13th Ave, Brooklyn, NY 11228-2021
      View Details
    • Value Estimation
      $2,110,000
      5,760 SF

      8021 13th Ave

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

      1412 86th St

      RETAIL STORES (PERSONAL SERVICES) • 1,106 SF
      1412 86th St, Brooklyn, NY 11228-3408
      View Details
    • Value Estimation
      $4,675,000
      9,700 SF

      6916 New Utrecht Ave, Unit 6928

      RETAIL STORES (PERSONAL SERVICES) • 9,700 SF
      6916 New Utrecht Ave, Brooklyn, NY 11228-1810
      View Details
    • Value Estimation
      $9,165,000
      21,425 SF

      1526 70th St

      RETAIL STORES (PERSONAL SERVICES) • 21,425 SF
      1526 70th St, Brooklyn, NY 11228
      View Details
    • Value Estimation
      $1,575,000
      3,465 SF

      7905 7th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,465 SF
      7905 7th Ave, Brooklyn, NY 11228-2606
      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
    • $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
    • $2,480,000
      3,250 SF

      Mixed-Use Corner Property, Brooklyn

      Income-generating mixed-use property in Dyker Heights with commercial and residential units.
      7302 13Th Ave, Brooklyn, NY 11228
      View Details
    • $2,480,000
      3,250 SF

      Brooklyn Mixed-Use Corner Property

      Income-generating mixed-use corner property in Dyker Heights, Brooklyn.
      7302 13Th Ave, Brooklyn, NY 11228
      View Details
    • $3,100,000
      4,000 SF

      Brooklyn Mixed-Use Corner Building

      Prime Dyker Heights mixed-use building with commercial and residential units.
      7202 13Th Ave, Brooklyn, NY 11228
      View Details
    • $1,419,000
      Pending

      Modern Brick Mixed-Use Building

      Two apartments and a commercial storefront in Brooklyn.
      1558 Bath 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
    • $3,000 /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
    • $3,000 /Mo

      Bensonhurst Storefront Commercial Space Available

      Prime commercial space in Bensonhurst, ideal for retail or office.
      6904 15Th 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
    • $6,000 /Mo
      10,168 SF

      Brooklyn Medical Office For Lease

      Medical office space with six exam rooms, ready for occupancy.
      76 Battery Ave, 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.
    7107 New Utrecht Ave, Unit 7127
    Brooklyn, NY 11228-2115
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!