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2345 65th St 4,448 SF 100% Leased Retail Building Brooklyn, NY 11204 $1,800,000 ($404.68/SF) 7.22% Cap Rate
Investment Highlights
- Full Vacancy of the building
- Convenient Locations near to shopping, restaurants and transportation.
- Two Residential Apartments on the second floor
Executive Summary
Full Vacancy
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$130,000
|
$29.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$130,000
|
$29.23
|
| Taxes |
$8,808
|
$1.98
|
| Operating Expenses |
$12,323
|
$2.77
|
| Total Expenses |
$21,131
|
$4.75
|
| Net Operating Income |
$108,869
|
$24.48
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $130,000 |
| Annual Per SF | $29.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $130,000 |
| Annual Per SF | $29.23 |
| Taxes | |
|---|---|
| Annual | $8,808 |
| Annual Per SF | $1.98 |
| Operating Expenses | |
|---|---|
| Annual | $12,323 |
| Annual Per SF | $2.77 |
| Total Expenses | |
|---|---|
| Annual | $21,131 |
| Annual Per SF | $4.75 |
| Net Operating Income | |
|---|---|
| Annual | $108,869 |
| Annual Per SF | $24.48 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
4,448 SF
Building Class
C
Year Built
1925
Price
$1,800,000
Price Per SF
$404.68
Cap Rate
7.22%
NOI
$130,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.22
Lot Size
0.05 AC
Zoning
R4-1
Frontage
55’ on 65th St
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Mermaid Medical
- Services
- 2,800 SF
- -
- TBD
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Mermaid Medical | Services | 2,800 SF | - | TBD | - |
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06559-0059 | Total Assessment | $71,400 (2026) |
| Land Assessment | $15,060 (2026) | Annual Taxes | $8,808 ($1.98/SF) |
| Improvements Assessment | $56,340 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
06559-0059
Land Assessment
$15,060 (2026)
Improvements Assessment
$56,340 (2026)
Total Assessment
$71,400 (2026)
Annual Taxes
$8,808 ($1.98/SF)
Tax Year
2025
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Contact the Sale Advisor
2345 65th St