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AKA 1435 64th Street 6326 New Utrecht Ave

6,540 SF 100% Leased Retail Building Brooklyn, NY 11219 £2,584,631 (£395/SF) 6.25% Net Initial Yield

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Investment Highlights

Corner Trophy Office/Retail Building. Beautifully Gut Renovated in 2022.
Ground Retail Storefront/Office duplex will be delivered Vacant.
Close to Public Transportation and a block away from the D Subway Lines.

Heavy daytime foot traffic. Right off 65th Street, a major Intersection.
Separate Utility Meters. Separate Hot Water Tanks

Executive Summary

SUBMIT YOUR OFFER. Beautifully Gut renovated in 2022, solid brick corner building. Close to Public Transportation and one block away from the D Subway Lines. Ground level Retail Space will be delivered vacant. Separate Utility Meters. Separate Hot Water Tanks. Heavy Foot Traffic location, Right off 65th Street, a Major Intersection. Ideal for an End-User.

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	£192,965	£29.51
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£192,965	£29.51
Taxes	£15,446	£2.36
Operating Expenses	£10,668	£1.63
Total Expenses	£26,114	£3.99
Net Operating Income	£166,851	£25.51

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	£192,965
Annual Per SF	£29.51

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£192,965
Annual Per SF	£29.51

Taxes
Annual	£15,446
Annual Per SF	£2.36

Operating Expenses
Annual	£10,668
Annual Per SF	£1.63

Total Expenses
Annual	£26,114
Annual Per SF	£3.99

Net Operating Income
Annual	£166,851
Annual Per SF	£25.51

Property Facts

Sale Type

Investment

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

6,540 SF

Building Class

Year Built/Renovated

1920/2023

Price

£2,584,631

Price Per SF

£395

Net Initial Yield

6.25%

NOI

£161,588

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

3.00

Land Acres

0.05 AC

Zoning

M1-1 - Light industrial with offices, hotels, and most retail uses permitted

Frontage

20 ft on New Utrecht Ave

1 of 1

map
traffic

Walk Score ®

Very Walkable (82)

Transit Score ®

Excellent Transit (86)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	05741-0027	Total Assessment	£335,476
Land Assessment	£104,130	Annual Taxes	£15,446 (£2.36/sf)
Improvements Assessment	£231,346	Tax Year	2024 Payable 2024