6210 18Th AveBrooklyn, NY 11204

Property Details for 6210 18Th Ave

Year built

1931

Lot size

0.06 AC

Property size (Sq ft)

2,160 SF

Zone code

R5

Property type

Retail properties

Property subtype

Retail space

APN

05532-0042

APU

55320042

Description

This vacant storefront at 6210 18th Avenue, Brooklyn, NY 11204, presents a compelling investment opportunity. The 2,160 square foot building, situated on a 30' x 81.42' lot, boasts a full basement adding approximately 2,160 square feet of additional space, for a total of approximately 4,320 square feet. Located on the bustling 18th Avenue retail corridor, between 62nd and 63rd Streets, this property benefits from high foot traffic and proximity to numerous national and local retailers, including Starbucks, Dunkin' Donuts, Target, Chipotle, Chase Bank, Citi Bank, and CVS. The R5 zoning with a C1-2 overlay allows for mixed-use development, offering flexibility for residential use above ground-floor commercial space. The property's strategic location is further enhanced by its proximity to the 18th Avenue (N, W) subway station, providing convenient access to Manhattan, Queens, and the rest of Brooklyn. The asking price is $2,400,000, with low annual property taxes of $14,166. This is an ideal opportunity for an owner-user or value-add investor seeking a prime location in a thriving Brooklyn neighborhood. The property has a long history of family ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $524,955

  6.5%

  $484,574

  7%

  $449,962

• Comparable approach

  Method

  Valuation

  Relative Method

  $711,208

  Geo Method

  $711,208

• Alternative Use

  Use

  Valuation

  Residential

  $408,756

  Hospitality

  $374,419

  Educational

  $311,512

  Medical

  $322,225

  Retail

  $484,574

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6208

Longitude

-73.9889

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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