6321-6325 New Utrecht Ave 15,000 SF 80% Leased Office Building Brooklyn, NY 11219 $8,250,000 ($550/SF) 6.17% Cap Rate

Kassin Sabbagh Realty (KSR) has been retained on an exclusive basis to arrange for the sale of 6321 New Utrecht Avenue. 6321 New Utrecht Avenue is a historic office building situated on the corner of New Utrecht Avenue and 64th Street in the Borough Park neighborhood of Brooklyn, NY. Erected in 1925, this two-story edifice comprises three units within its 13,770 square feet structure, resting on a spacious 8,808 square feet corner lot. Notable tenants include Flagstar Bank, a subsidiary of New York Community Bank, and Bricolage, a long-standing occupant since 2001. The property’s strategic location offers convenient access to various subway lines, enhancing its appeal and accessibility. The building has 2 entrances on New Utrecht Ave., 1 entrance from 64th St. and 1 entrance from the attached parking lot which comes with the property. The parking lot can fit up to 15 cars. Flagstar Bank (New York Community Bank Subsidiary) has acquired a large segment of Signature Bank – operating as the tenant.