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Free Market Mixed-Use Building

$2,600,000

1075 64th Street, Brooklyn, NY 11219

Pending
Last Updated: 01/18/2022

4.63

Cap Rate

129,662

NOI

Details:
Cap Rate:    4.63%
NOI:    $129,662
Building Size:    4,820 sqft
Lot Area:    1,800 sqft
Units:    6
Zoning:    R6B, C1-3
Floors:    3
Description:

Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 1075 64th Street, also known as 6324 11th Avenue. The subject property is a 3-story mixed-use building located on the northwest corner of 64th street and 11th Avenue. The building totals 4,820 square feet and consists of 1 retail unit and 5 large 2-bedroom apartments that are free market. 2 of the apartments will be delivered vacant. The remaining 3 apartments do not have leases and are paying below-market rents on a month-to-month basis. The commercial lease has expired and the Salon tenant is currently paying month- to-month.

The property is located 2 blocks away from mass transportation at the Fort Hamilton Parkway N & W subway station, and 4 blocks away from the 62nd Street station D line. The property is also 4 blocks from both the B9 & B64 bus lines. There are 3 schools within walking distance, houses of worship and stores all along 10th Avenue.

Please contact our office for more details.

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Today's Available Mortgage Rates

3299 Fulton St, New York, New York 11208

Choose Your Priority
 
Interest Rate
Mo. Payments
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default.
Loan Amount
Rates as of 06/06/2025
BankLender #1049
5 Year Fixed
25 Year Amortization
Interest rate 6.04% 5 Year Fixed
Mo. Payment$7,366 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 67% LTV $0 Lender fees
Loan Amount $1,138,999 Loan Amount
Details
BankLender #1049
7 Year Fixed
25 Year Amortization
Interest rate 6.13% 7 Year Fixed
Mo. Payment$7,429 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 67% LTV $0 Lender fees
Loan Amount $1,138,999 Loan Amount
Details
BankLender #1049
10 Year Fixed
25 Year Amortization
Interest rate 6.23% 10 Year Fixed
Mo. Payment$7,388 25 Year Amortization
Max LTV Max Loan to Value is determined by the participating lenders DSCR requirements and stated NOI for the property. If no NOI is present, a 5% Cap rate is used by default. 66% LTV $0 Lender fees
Loan Amount $1,121,999 Loan Amount
Details
Speak With a Loan Consultant

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