Listed by Melanson Real Estate Group Inc.
$8,250,000
6419 and 6423 18th Avenue
Details
Property Type Retail, Mixed Use
Sub Type QSR/Fast Food, Restaurant
Square Footage 10,700
Cap Rate 3.33%
NOI $274,623
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.12%
Pro-Forma NOI $504,960
Price per SqFt $771
Lot Size (SqFt) 4,292
Zoning C4-2
Parking Spaces 0 spaces
Investment Type Value Add
Ground Lease No
Retail | Starbucks Anchor | 10,700 SqFt
Marketing description
The subject properties are two adjacent mixed-use buildings located on the corner of 18th Avenue and 65th Street in Bensonhurst, Brooklyn. The ground floors are occupied by Starbucks (6423 18th Avenue) and Chun Hong Kong Café (6419 18th Avenue). The upper floors are configured as six (6) apartments total and will be delivered completely vacant.
These buildings occupy one of if not the best retail locations in all of South Brooklyn. Starbucks has been in this location for over 20 years, and the properties combine for approximately 43' of frontage on 18th Avenue.
Investment highlights
- Building Size: 10,700 sf
- Ground Floor Dimensions: 42.92' x 100'
- Total Lot Size: 4,292 sf
- Lot Dimensions: 42.92' x 100'
- Units: 6 Apts. 2 Stores
- Zoning: C4-2
- Residential FAR: 3.9 (UAP)
- Commercial FAR: 3.4
- Total Buildable SF: 16,738 bsf
- One block from 18th Avenue N Train Station
- Over 30,000 vehicles per day on 65th & 18th Avenue intersection
- Starbucks had over 17,900 visitors in January 2026 per Placer.ai data
Listing Contacts
Listed by Melanson Real Estate Group Inc.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$274,623.00
$22,885.25/mo
Valuation Metrics
0
DSCR
3.33%
Cap Rate
3.33%
ROI
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