6210 18th Ave
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6210 18th Ave
2,160 SF Retail Building Brooklyn, NY 11204 $2,400,000 ($1,111/SF) 4.15% Cap Rate
Executive Summary
Investment Property Realty Group (IPRG) is pleased to exclusively present this vacant retail building for sale. The property is located at 6210 18th Avenue between 62nd and 63rd Street on the border of the Borough Park and Bensonhurst neighborhoods of Brooklyn.
The subject property, with a total above-grade square footage of 2,160, is built on a lot measuring 30 feet in width by 81.42 feet in depth. With a full basement matching the dimensions of the above-grade structure (30 ft x 72 ft), the property’s total square footage, including the basement, is approximately 4,320 square feet. Zoned R5 with a C1-2 overlay, the property has potential for mixed-use development, offering flexibility for residential with ground-floor commercial use.
The property is located one block from the 18th Avenue [N,W] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn
HIGHLIGHTS:
• Vacant retail building in an excellent location on the border of Borough Park and Bensonhurst
• 30 feet of frontage located on the prime 18th Avenue retail corridor with heavy foot traffic
• The property is surrounded by many local and national retailers including Starbucks, Dunkin Donuts, Target, Chipotle, Chase Bank, Citi Bank, CVS and more
• Full basement
• Perfect opportunity for owner-user or value-add investor
• Long-term family ownership
• Low annual property taxes - $14,166
• One minute walk to 18th Avenue [N,W] Subway Station
The subject property, with a total above-grade square footage of 2,160, is built on a lot measuring 30 feet in width by 81.42 feet in depth. With a full basement matching the dimensions of the above-grade structure (30 ft x 72 ft), the property’s total square footage, including the basement, is approximately 4,320 square feet. Zoned R5 with a C1-2 overlay, the property has potential for mixed-use development, offering flexibility for residential with ground-floor commercial use.
The property is located one block from the 18th Avenue [N,W] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn
HIGHLIGHTS:
• Vacant retail building in an excellent location on the border of Borough Park and Bensonhurst
• 30 feet of frontage located on the prime 18th Avenue retail corridor with heavy foot traffic
• The property is surrounded by many local and national retailers including Starbucks, Dunkin Donuts, Target, Chipotle, Chase Bank, Citi Bank, CVS and more
• Full basement
• Perfect opportunity for owner-user or value-add investor
• Long-term family ownership
• Low annual property taxes - $14,166
• One minute walk to 18th Avenue [N,W] Subway Station
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,160 SF
Building Class
C
Year Built
1931
Price
$2,400,000
Price Per SF
$1,111
Cap Rate
4.15%
NOI
$99,534
Tenancy
Single
Building Height
1 Story
Building FAR
0.88
Lot Size
0.06 AC
Zoning
R5, C1-2
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 05532-0042 | Improvements Assessment | $99,450 |
| Land Assessment | $42,300 | Total Assessment | $141,750 |
PROPERTY TAXES
Parcel Number
05532-0042
Land Assessment
$42,300
Improvements Assessment
$99,450
Total Assessment
$141,750
Contacts
-
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Matt Dittmeier -
Investment Property Realty Group
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6210 18th Ave
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