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4912-4914 New Utrecht Ave
Brooklyn, NY Borough Park

$3,000,000 USD

General Retail For Sale  •  6,000 SF

2 Properties View all

Property Details

  • Property Type General Retail
  • Cap Rate 6.93 %
100 Transit Score
100 Walk Score

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

Property Flyers

Cap Rate: 6.93 %

Public Transportation

Commuter RailDriveWalkDistance
12 min - 4.3 mi
Nostrand Avenue Station (Far Rockaway Branch - Long Island Rail Road, Hempstead Branch - Long Island Rail Road, Long Beach Branch - Long Island Rail Road, West Hempstead Branch - Long Island Rail Road) 14 min - 4.9 mi
Transit/SubwayDriveWalkDistance
50 Street (D,M Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 0 min 1 min 0.0 mi
55 Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 1 min 6 min 0.3 mi
Fort Hamilton Parkway (D,M Line) (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 2 min 7 min 0.4 mi
62 Street (D - New York MTA Subway (The Subway), M - New York MTA Subway (The Subway)) 3 min 13 min 0.7 mi
Fort Hamilton Parkway (N Line) (N - New York MTA Subway (The Subway)) 3 min 16 min 0.8 mi
AirportDriveWalkDistance
John F Kennedy International 28 min - 13.7 mi
LaGuardia 30 min - 15.8 mi
Newark Liberty International 34 min - 19.2 mi
Matt Dittmeier 718-360-1331 Investment Property Realty Group
Matt Dittmeier 718-360-1331 Investment Property Realty Group