7316 13th Ave
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7316 13th Ave
9,120 SF Retail Building Brooklyn, NY 11228 $4,375,000 ($480/SF) 6.98% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!! MINT Medical Building With Prestigious National Tenants In Dyker Heights For Sale!!!
- The Property Is Located In The Heart Of Dyker Heights Just Blocks From I-278, Fort Hamilton Pkwy., & Dyker Beach Park!!!
- The Entire Building Had A Gut Renovation In 2015!!!
- The Property Features Great Exposure, Excellent Signage, Strong R6B Zoning, 6 Parking Spaces, High 10’ Ceilings, 3 Phase Power, Elevator, Ramp, +++!!!
- Neighbors Include UPS, Target, ShopRite, Walgreens, Dunkin’, Planet Fitness, Marshalls, National Wholesale Liquidators, Sunoco, Mobil, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Calling All Investors, Developers & End-Users!!! MINT Medical Building With National Tenants In Prestigious Dyker Heights For Sale!!! The Property Features Great Exposure, Excellent Signage, Strong R6B Zoning, 6 Parking Spaces, High 10’ Ceilings, 3 Phase Power, Elevator, Ramp, Accessible Bathrooms, Finished Basement, Waiting Areas, Employee Rest Areas, Lobby, Reception, 1 Bedroom, Private Yard Resting Area, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Dyker Heights Just Blocks From I-278, Fort Hamilton Pkwy., & Dyker Beach Park!!! Neighbors Include UPS, Target, ShopRite, Walgreens, Dunkin’, Planet Fitness, Marshalls, National Wholesale Liquidators, Sunoco, Mobil, +++!!! The Entire Building Had A Gut Renovation In 2015!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
Income:
NYU Langone (1st Floor + LL + 3rd Floor; 8,200 Sqft): $261,419.40 Ann.; Lease Exp.: 1/31/29; 2.5% Ann. Inc. Pays 75% Of Tax Increase Over Base.
LabCorp (2nd Floor (2,200 Sqft.): $83,601.12 Ann. Lease Exp.: 2/28/26; Flat Rent. Pays 25% Of Tax Over Base. (2) 2 Year Options.
Gross Rent: $345,020.52 Ann.
Expenses:
Gas: $600 Ann. (Hot Water Only)
Electric: $5,400 Ann.
Elevator: $3,266.28 Ann.
Insurance: $6,256 Ann.
Taxes: $23,925.28 Ann.
Total Expenses: $39,447.56 Ann.
Net Operating Income (NOI): $305,572.96 Ann.
Income:
NYU Langone (1st Floor + LL + 3rd Floor; 8,200 Sqft): $261,419.40 Ann.; Lease Exp.: 1/31/29; 2.5% Ann. Inc. Pays 75% Of Tax Increase Over Base.
LabCorp (2nd Floor (2,200 Sqft.): $83,601.12 Ann. Lease Exp.: 2/28/26; Flat Rent. Pays 25% Of Tax Over Base. (2) 2 Year Options.
Gross Rent: $345,020.52 Ann.
Expenses:
Gas: $600 Ann. (Hot Water Only)
Electric: $5,400 Ann.
Elevator: $3,266.28 Ann.
Insurance: $6,256 Ann.
Taxes: $23,925.28 Ann.
Total Expenses: $39,447.56 Ann.
Net Operating Income (NOI): $305,572.96 Ann.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$345,021
|
$37.83
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$345,021
|
$37.83
|
| Taxes |
$23,925
|
$2.62
|
| Operating Expenses |
$15,522
|
$1.70
|
| Total Expenses |
$39,447
|
$4.33
|
| Net Operating Income |
$305,574
|
$33.51
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $345,021 |
| Annual Per SF | $37.83 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $345,021 |
| Annual Per SF | $37.83 |
| Taxes | |
|---|---|
| Annual | $23,925 |
| Annual Per SF | $2.62 |
| Operating Expenses | |
|---|---|
| Annual | $15,522 |
| Annual Per SF | $1.70 |
| Total Expenses | |
|---|---|
| Annual | $39,447 |
| Annual Per SF | $4.33 |
| Net Operating Income | |
|---|---|
| Annual | $305,574 |
| Annual Per SF | $33.51 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,120 SF
Building Class
C
Year Built/Renovated
1931/2015
Price
$4,375,000
Price Per SF
$480
Cap Rate
6.98%
NOI
$305,573
Tenancy
Single
Building Height
3 Stories
Building FAR
3.00
Lot Size
0.07 AC
Zoning
R6B
Parking
6 Spaces (0.66 Spaces per 1,000 SF Leased)
Frontage
19 FT on 13th Ave
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- LabCorp
- Health Care and Social Assistance
- 2,200 SF
- -
- Feb 2026
- NYU Langone
- Health Care and Social Assistance
- 8,200 SF
- -
- Jan 2029
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| LabCorp | Health Care and Social Assistance | 2,200 SF | - | Feb 2026 | ||
| NYU Langone | Health Care and Social Assistance | 8,200 SF | - | Jan 2029 |
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 06199-0044 | Total Assessment | $710,100 (2024) |
| Land Assessment | $143,550 (2024) | Annual Taxes | $23,925 ($2.62/SF) |
| Improvements Assessment | $566,550 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06199-0044
Land Assessment
$143,550 (2024)
Improvements Assessment
$566,550 (2024)
Total Assessment
$710,100 (2024)
Annual Taxes
$23,925 ($2.62/SF)
Tax Year
2023
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