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6516 18th Ave
Bensonhurst, Brooklyn | 65th Street & 66th Street
2,920 Square FeetMixed Use
$2,988,888
$2,988,888
Updated 6 years ago
Off Market

6516 18th Ave

Bensonhurst, Brooklyn | 65th Street & 66th Street

2,920 Square FeetMixed Use

$2,988,888
floors / apts2 / 2
Lot Size20'x82'
Built Size20'x64'
ZoneC4-2
Building TypeLow-Rise
RE Taxes$16,360
Price Per SF
$1,024

Building Amenities

  • Voice Intercom

Property Description for 6516 18th Ave

"Location, Location, Location!!!" has never been more apt. This Mixed Use building is sitting on the busiest junction in Bensonhurst, 18th avenue and 65th street, and has extremely rare C4-2 zoning.Presently, the building features a store and 2 residential units, fully occupied with below-market residential rents allowing for great upside. The store underwent serious renovation last year by a national tenant and has 19 years left of a 20-year lease in place with above-average annual rent escalations, topping out at 6% over the last five years, and strong financials to back it up. The two residential units are a 2 bedroom and a 1 bedroom with both tenants in good standing. Most desirable, however, is the C4-2 zoning, which allows for 5610 sq ft of buildable on the lot, far above neighboring properties. Coupled with the rent escalations built into the commercial lease, the potential of redevelopment makes this property extra appealing.Taxes are $16,360 annually, partially supported by the commercial tenant, and expenses are very low.This is a co-exclusive listing between Corcoran and Douglas Elliman. Buyers Brokers must CYOF. Please contact us for more details.

Listing History for 6516 18th Ave

Now
09/16/2020
POM by Dan Brady
Corcoran
2020
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Building Details for 6516 18th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts2/2
Learn More About the Building

Transit and Citi Bike

Subway

18 Av
0.13 miles
20 Av
0.32 miles
71 St
0.43 miles

Co-exclusive agents

Co-exclusive agents

Dan Brady
Corcoran
Rafael Malka
Douglas Elliman

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Rinat Gabai
Douglas Elliman

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Bensonhurst | Brooklyn

Quick Profile

Bensonhurst is a densely populated residential neighborhood with a bustling business district in the southwest section of Brooklyn. It’s a storied neighborhood and is considered to be the most ethnically diverse neighborhood in New York City.

Technically, Bensonhurst doesn’t quite have the same clean-cut boundaries the way other neighborhoods do. It has an odd shape that intertwines with the surrounding communities of Bath Beach, Dyker Heights, Borough Park and Mapleton. The neighborhoods are sometimes mistaken for Bensonhurst and vice versa. It’s bordered by 14th Avenue, which is to the northwest, 60st Street and McDonald Avenue to the northeast, Avenue S to the southeast, and 86th Street to the southwest.

You won’t find that many luxury building developments in this neck of the woods either. Much of the Bensonhurst neighborhood still has that old Brooklyn charm. It’s architecture comprises co-ops, condos, single-family attached, semi-attached, fully-detached homes, and also multi-family homes. It’s a healthy mix of quiet residential blocks and bustling commercial thoroughfare, especially along 86th Street. Bensonhurst has many similarities to Bath Beach, it’s immediate neighbor to the south.

Bensonhurst was once part of New Utrecht, which was one of the original six towns within Kings County. It was later absorbed into what we know as modern day Brooklyn. It is named after the Benson family, who were farmers and landowners and controlled much of Bensonhurst and parts of Bath Beach.

In its early history, Bensonhurst was mostly Italian-Americans and Jewish immigrants. In recent years the neighborhood has seen many Chinese, Russian, Middle Eastern and Mexican residents who call Bensonhurst home.

Besides the ethnic enclaves residing in Bensonhurst, the neighborhood is also attracting younger residents and families. The cost of living is considerably less compared to other parts of Manhattan and Brooklyn. In 2019, the homeownership rate in Bensonhurst was 36.5%, higher than the citywide share of 31.9%.

The D, N, and F service Bensonhurst and will shoot you straight into Midtown Manhattan where bus lines service the rest of the borough.

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Featured on the Linecity Blog

The MEDIAN

Manhattan | August 2023

According to New York City records, the median price for an apartment in Manhattan for the month of August 2023 was $1,150,000.  The price represents a minimal decrease of .02% from the median price of $1,175,000 recorded in August 2022.  The number of apartment sales, however, fell from 1,546 to 1,204 reflecting a year-over-year decreas...

posted on December 8, 2023
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 36234TH
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