6321-6325 New Utrecht Ave
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6321-6325 New Utrecht Ave
15,000 SF 80% Leased Office Building Brooklyn, NY 11219 $8,250,000 ($550/SF) 6.17% Cap Rate
Executive Summary
Kassin Sabbagh Realty (KSR) has been retained on an exclusive basis to arrange for the sale of 6321 New Utrecht Avenue. 6321 New Utrecht Avenue is a historic office building situated on the corner of New Utrecht Avenue and 64th Street in the Borough Park neighborhood of Brooklyn, NY. Erected in 1925, this two-story edifice comprises three units within its 13,770 square feet structure, resting on a spacious 8,808 square feet corner lot. Notable tenants include Flagstar Bank, a subsidiary of New York Community Bank, and Bricolage, a long-standing occupant since 2001. The property’s strategic location offers convenient access to various subway lines, enhancing its appeal and accessibility. The building has 2 entrances on New Utrecht Ave., 1 entrance from 64th St. and 1 entrance from the attached parking lot which comes with the property. The parking lot can fit up to 15 cars. Flagstar Bank (New York Community Bank Subsidiary) has acquired a large segment of Signature Bank – operating as the tenant.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,000 SF
Building Class
C
Year Built
1925
Price
$8,250,000
Price Per SF
$550
Cap Rate
6.17%
NOI
$509,317
Percent Leased
80%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,500 SF
Building FAR
1.43
Lot Size
0.24 AC
Zoning
C
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3,000 SF 2nd Floor office Space in great condition.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 3,000 SF | Office | Partial Build-Out | Now |
2nd Floor
| Size |
| 3,000 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size | 3,000 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
3,000 SF 2nd Floor office Space in great condition.
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Walk Score ®
Very Walkable (82)
Transit Score ®
Excellent Transit (86)
PROPERTY TAXES
| Parcel Number | 05741-0036 | Improvements Assessment | $1,374,300 |
| Land Assessment | $198,000 | Total Assessment | $1,572,300 |
PROPERTY TAXES
Parcel Number
05741-0036
Land Assessment
$198,000
Improvements Assessment
$1,374,300
Total Assessment
$1,572,300
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6321-6325 New Utrecht Ave
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