7107 New Utrecht Ave 7127 Brooklyn, NY 11228-2115
Individually Owned
1-yr Hold
Free & Clear
Estimated value (blended)
$3.63M
Range $3.26M – $3.99M (±10%)
Implied cap rate
7.00%
In-place · NOI ÷ last sale
Property ID
US63-1587089
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1931
Total area
5,310 SF
Lot
0.29 ac (12,482 SF)
Zoning code
R5
APN
06180-0063
UPID
US63-1587089
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Department Store
-
Restaurant
-
Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$3.92M
Comparable Approach
Comparable
$3.85M
Blend (final)
Blend
$3.63M
Owner & transaction history
since 2025
Last sale
$3.7M
4 recorded transactions
Zoning & alternative use
R5 · Brooklyn, NY
Top alternative use upside
Auto repair, garage
$4.2M
+3.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 12 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.63M
Value range
$3.26M – $3.99M
±10% around blend
Estimated value / SF
$683 / SF
Confidence
High
12 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$3.26M
blend $3.63M
$3.99M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,310 SF
Lot area
0.29 ac
Year built
1931
Stories
1
APN
06180-0063
Assessed value
$400,050
Annual tax
$36,596
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.92M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.25M
@ 6.5% CAP return
$3.92M
@ 7% CAP return
$3.64M
4
Sales comparison
Partial preview
Sales approach indication
$2.30M
Weighted, 12 comps · high confidence
Evidence
12 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.4 mi away · 6,240 SF
4.4 mi away · 5,690 SF
4.6 mi away · 3,797 SF
5.1 mi away · 6,900 SF
6.8 mi away · 5,216 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.63M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 291 sales
$770
-11%
County 291 sales
$770
-11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $683/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+3%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 12 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
7.00%
Implied, in-place cap rate for this retail space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.00%
9.0%
NOI (est.)
$259k *
Last sale · May 2025
$3.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.70M
Move the market yield to see immediate price impact.
Value / SF
$697
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.50%7.00%7.50%
$233k
$3.59M
$3.33M
$3.11M
$259k
$3.98M
$3.70M
$3.45M
$285k
$4.38M
$4.07M
$3.80M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
12 found
High confidence · county-verified
Closest comparable
$1.90M
0.5 mi · Dec 2025 · $317/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$36,596
Tax year 2024
Assessed value
$400,050
Assessed 2024
Previous assessed
$415,800
-3.8% YoY
Effective rate
9.15%
On assessed value
Assessed land
$140,400
Assessed improvement
$259,650
Land market value
$312,000
Improvement market value
$577,000
Total market value
$889,000
Applied tax rate
4.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1931
Heating
NONE
Buildings
1
Stories
1
Units
1
Total area
5,310 SF
Lot
0.29 ac (12,482 SF)
Zoning code
R5
APN
06180-0063
UPID
US63-1587089
Jurisdiction
KINGS(BROOKLYN)
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R5 · Brooklyn, NYZoning R5 · permitted uses
R5 · Brooklyn, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
1
Buildings
1
Units
1
Lot
0.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
R5
Jurisdiction
Brooklyn, NY
Recorded code
R5
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Owner identityResolved entity and name variants
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Debt & historyRecorded loans and transaction history
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