For sale

Price cut: $21K (9/4)

$1,399,000

7206 New Utrecht Ave, Brooklyn, NY 11228

--beds

0baths

2,200sqft

Mixed Use

Built in 1931

2,370 Square Feet Lot

$1,370,200 Zestimate^®

$636/sqft

$-- HOA

What's special

Excellent mixed-use investment opportunity with strong income potential. Situated on a 20×55 lot with a building size of approximately 22×106, this property offers outstanding value in a prime location. The ground floor features a well-established restaurant tenant paying $3,800/month with approximately 2 years and 6 months remaining on the lease, providing immediate and stable rental income. The second floor consists of a spacious 4-bedroom residential unit currently rented at $2,500/month with no lease in place, offering flexibility and potential for rent increase. Apt will be delivery vacant at closing. Tenants are responsible for water and sewer charges, resulting in low operating expenses and easy management. Strong cash flow makes this property ideal for both investors and end-users. A rare opportunity not to be missed.

148 days
211
3

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Natural Gas, Hot Water

Appliances

Included: Gas Water Heater

Features

Flooring: Tile, Other
Basement: Finished,Full

Interior area

Total structure area: 2,200
Total interior livable area: 2,200 sqft

Property

Parking

Parking features: None

Features

Stories: 2

Lot

Size: 2,370 Square Feet
Dimensions: 22x106
Features: Back Yard

Details

Foundation area: 1100
Parcel number: 061910037
Zoning: R5
Special conditions: Arm's Length

Construction

Type & style

Home type: SingleFamily
Property subtype: Mixed Use
Attached to another structure: Yes

Materials

Brick, Other
Foundation: Concrete Perimeter
Roof: Flat

Condition

Year built: 1931

Utilities & green energy

Electric: 110 V

Community & HOA

Community

Subdivision: Brooklyn

Location

Region: Brooklyn

Financial & listing details

Price per square foot: $636/sqft
Tax assessed value: $1,165,000
Annual tax amount: $8,829
Date on market: 4/13/2026
Cumulative days on market: 239 days
Total actual rent: 6200

Estimated market value

$1,370,200

$1.30M - $1.44M

$3,003/mo

Price history

Date	Event	Price
9/4/2026	Price change	$1,399,000-1.5%$636/sqft
Source: BNYMLS #500425 Report a problem
7/10/2026	Price change	$1,420,000-2.1%$645/sqft
Source: BNYMLS #500425 Report a problem
5/18/2026	Price change	$1,450,000-2%$659/sqft
Source: BNYMLS #500425 Report a problem
5/12/2026	Price change	$1,480,000-0.2%$673/sqft
Source: BNYMLS #500425 Report a problem
4/13/2026	Listed for sale	$1,483,000+0.2%$674/sqft
Source: BNYMLS #500425 Report a problem
4/13/2026	Listing removed	$1,480,000$673/sqft
Source: BNYMLS #498324 Report a problem
1/13/2026	Listed for sale	$1,480,000+129.5%$673/sqft
Source: BNYMLS #498324 Report a problem
6/11/2007	Sold	$645,000$293/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,938 +4.7%	$69,900 +3.5%
2024	$8,535	$67,560 +0.1%
2023	--	$67,500 +5.7%
2022	--	$63,840 +10.9%
2021	--	$57,540 -12.8%
2020	$7,945 +6%	$66,000
2019	$7,496 +7.3%	$66,000 +97.6%
2018	$6,989 +3.7%	$33,408 +1.1%
2017	$6,737 +4.2%	$33,048
2016	$6,462	$33,048 +5.7%
2015	$6,462 +71.9%	$31,280 +6%
2014	$3,760	$29,510