4912-4914 New Utrecht Ave Retail FOR SALE


Brooklyn, NY - Borough Park
$3,000,000 USD
718-360-1331
, Brooklyn, NY for Sale
$3,000,000 USD
Retail - FOR SALE
1/15
null | 6.93% Cap Rate

4912-4914 New Utrecht Ave
Brooklyn, NY
Borough Park


HIGHLIGHTS

  • Rare two-building package offering 40 feet of continuous frontage on a prime Borough Park commercial corridor
  • 100% free-market asset
  • Month-to-month residential leases with over 80% upside to market rents — immediate value-add repositioning opportunity
  • Ground-floor retail fully occupied by strong, established tenant — stable in place income from day one
  • Protected Tax Class 1 designation with low annual taxes of $20,304 and severely limited assessment increases
  • Dominant retail presence with high-visibility ground-floor storefronts on one of Borough Park’s busiest streets

OVERVIEW

Investment Property Realty Group (IPRG) is pleased to exclusively present the opportunity to acquire 4912-4914 New Utrecht Avenue, a rare package of two contiguous free-market mixed-use buildings located in the heart of Borough Park, Brooklyn. The properties are situated on New Utrecht Avenue between 49th and 50th Streets, commanding 40 feet of continuous frontage along one of the neighborhood’s most active and high-traffic commercial corridors. The subject properties consist of four residential apartments above two ground-floor retail spaces, totaling approximately 6,000 square feet. Each building is constructed approximately 20 feet by 50 feet, with 4912 New Utrecht Avenue situated on a 20-foot by 90.25-foot lot and 4914 New Utrecht Avenue on a 20-foot by 85.67-foot lot. The properties are zoned R6/C1-3 and benefit from the highly sought-after protected Tax Class 1 designation, ensuring long-term low carrying costs. All four residential units are delivered on month-to-month leases, presenting an immediate value-add opportunity with over 80% upside to market rents. The ground-floor retail spaces are currently occupied by strong, established tenants, providing stable in-place income from day one. The properties are located directly adjacent to the 50th Street [D] subway station, providing residents and tenants with direct access to Brooklyn, Manhattan, and Queens — driving consistent foot traffic and sustained demand for the ground-floor retail spaces.

ASK ABOUT THIS PROPERTY

Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.