6423 18th Ave - Storefront Retail/Office FOR SALE


Brooklyn, NY 11204- Bensonhurst
$11,000,000 USD
718-232-1655
6423 18th Ave, Brooklyn, NY for Sale
$11,000,000 USD
Storefront Retail/Office - FOR SALE
1/24
null | 4.02% Cap Rate

6423 18th Ave
Brooklyn, NY 11204
Bensonhurst


HIGHLIGHTS

  • Corner 18th Avenue & 65th Street. Other corners Chipotle, JPMorgan Chase, Santander Bank - 22,500 cars per day on 65th Street.

OVERVIEW

This property is located at the corner of 18th Avenue and 65th Street. Corner store at 6423 18th Avenue is rented to Starbucks (for over 20 years) and inside store at 6419 18th Avenue is rent to Chun Hong Kong Cafe, Inc. (since 2024). Other corners on 18th & 65th Street are JPMorgan Chase, Chipotle and Santander Bank. N train located 1 block away. Bus Stops across the street and one block away. Starbucks fully renovated in 2019 at a cost of $600,000. Chun Hong Kong Cafe, Inc gut renovated in 2024 at a cost of $750,000. 6419 18th Avenue has new drain pipes from 3rd floor to front trap in basement installed in 2024/2025. 6423 had 1 bathroom drain line changed as well as the front trap and 6' of sewer pipe before the front trap. Floors 2 & 3 have 6 units upstairs and can be delivered vacant. All units in average condition with new kithchen in 2nd floor of 6419 18th Avenue in 2015. All units excpt 2R in 6423 18th Avenue have had their floors scraped and polyurethaned. 6423 has 4 units and 6419 has 2 units.

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$1,009 USD /SF

CAP RATE

4.02%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C4-2

APN/PARCEL ID

05547-0001,05547-0002

ASK ABOUT THIS PROPERTY

Peter ZacharyPeter L. Zachary & Associates, Inc.More Info
718-232-1655

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Peter ZacharyPeter L. Zachary & Associates, Inc.More Info
718-232-1655

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