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4912-4914 New Utrecht Ave 2 Retail Properties Offered at $3,000,000 in Brooklyn, NY
Investment Highlights
- Rare two-building package offering 40 feet of continuous frontage on a prime Borough Park commercial corridor
- Month-to-month residential leases with over 80% upside to market rents — immediate value-add repositioning opportunity
- Protected Tax Class 1 designation with low annual taxes of $20,304 and severely limited assessment increases
- 100% free-market asset
- Ground-floor retail fully occupied by strong, established tenant — stable in place income from day one
- Dominant retail presence with high-visibility ground-floor storefronts on one of Borough Park’s busiest streets
Executive Summary
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.
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.
Property Facts
| Price | $3,000,000 | Number of Properties | 2 |
| Price / SF | $500.00 / SF | Individually For Sale | 0 |
| Cap Rate | 6.93% | Total Building Size | 6,000 SF |
| Sale Type | Investment | Total Land Area | 0.08 AC |
| Status | Active |
| Price | $3,000,000 |
| Price / SF | $500.00 / SF |
| Cap Rate | 6.93% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 6,000 SF |
| Total Land Area | 0.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 4912 New Utrecht Ave, Brooklyn, NY 11219 | Retail | 3,000 SF | 1930 | - |
| 4914 New Utrecht Ave, Brooklyn, NY 11219 | Retail | 3,000 SF | 1930 | - |
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Contacts
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Matt Dittmeier -
Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Investment Property Realty Group
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4912-4914 New Utrecht Ave
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