- For Sale $1,449,000
- Property Type Mixed Use
- Property Size 3,420 SF
- Lot Size 1,600 SF
- Cap Rate % 6.87
- NOI / YR 99612
- Taxes / YR 7352
- Zoning R7A / C2-4
- # of Floors 3
- Property Tenancy Multi-Tenant
- Year Built 1931
- Year Renovated 2014
- Date Updated Nov 8, 2023
Introducing a compelling mixed-use investment opportunity now available for sale at 5012 4th Avenue, situated in the highly coveted Sunset Park neighborhood of Brooklyn. Nestled on a generously sized 20 ft x 80 ft lot, this property offers a total of 3,812 square feet, consisting of one commercial unit and two free-market residential units. Its strategic positioning ensures exceptional visibility and convenient access to public transportation, while the vibrant surroundings offer an array of amenities such as dining establishments, cafes, and shops, rendering it an enticing choice for both residential and commercial tenants alike. Sunset Park is renowned for its cultural diversity, bustling streets, and its close proximity to the attractions of Brooklyn. Bordered by Park Slope and Green-Wood Cemetery to the north, Borough Park to the east, Bay Ridge to the south, and Upper New York Bay to the west, this neighborhood derives its name from the 24.5-acre public park situated between 41st and 44th Streets and Fifth and Seventh Avenues. This mixed-use investment property presents a remarkable value-add prospect for investors seeking robust cash flow and long-term appreciation. With stable occupancy rates already in place, there exists the potential for rental escalations and strategic renovations. The ownership will consider owner financing. To discover more about this property, including comprehensive financial details or to arrange a visit, please reach out to our dedicated listing broker.
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Attachments
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Contacts
Joseph T. Hamdan
Coldwell Banker Commercial Reliable Real Estate
(718) 921-3100
Olga Pidhirnyak
Coldwell Banker Commercial Reliable Real Estate
(917) 488-3077
Location
Getting Around
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Walk Score ®
Walker's Paradise (91) -
Transit Score ®
Rider's Paradise (97) -
Bike Score ®
Very Bikeable (77)
- City Brooklyn, NY
- Neighborhood Sunset Park
- Zip Code 11220
- Market Brooklyn
Points of Interest
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Bell Car Service
0.05 miles
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53rd Street
0.10 miles
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45th Street
0.24 miles
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Sunset Park Car Service
0.35 miles
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59th Street
0.43 miles
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Prince Car Service
0.45 miles
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Acapulco Express
0.56 miles
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8th Avenue
0.79 miles
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36th Street
0.79 miles
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Bay Ridge Avenue
0.97 miles
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Emporium 1
0.43 miles
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BP
0.50 miles
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Sunoco
0.54 miles
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7-Eleven
0.71 miles
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Shell
0.71 miles
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SEVENTH AVENUE
0.86 miles
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Sunoco
0.88 miles
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BP
0.98 miles
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Speedway
0.99 miles
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BP
1.17 miles
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Hospital Parking
0.45 miles
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IKEA
1.79 miles
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School Bus Depot
1.85 miles
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Ultra Car Park Systems
2.07 miles
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Car Park Systems
2.14 miles
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Brooklyn Cruise Terminal Parking
2.38 miles
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Garfield Garage
2.62 miles
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Eastern Fruits and Vegetables
2.78 miles
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Rapid Park
2.84 miles
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US Postal Service
2.87 miles
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La Carreta
0.05 miles
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El Buen Gusto Restaurant
0.09 miles
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La Jugeria
0.09 miles
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Tung Hing Chinese Kitchen
0.12 miles
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New King Wok
0.13 miles
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Usuluteco #2
0.13 miles
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Pupusas en la 54
0.16 miles
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La Isla Cuchifritos
0.16 miles
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Popeyes
0.16 miles
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Rico's Tacos
0.18 miles
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Public School 1
0.20 miles
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Public School 2
0.21 miles
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Public School 94
0.29 miles
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Saint Michael's Elementary School
0.40 miles
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Public School 503: The School of Discovery
0.43 miles
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Public School 506: The School of Journalism & Technology
0.44 miles
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Middle School 136
0.50 miles
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Saint Agathas School
0.53 miles
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Our Lady of Perpetual Help School
0.53 miles
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Public School 169
0.61 miles
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Young Risers
0.28 miles
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Pantomima
0.47 miles
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Tita & Tito Day Care
0.58 miles
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MetroKids Preschool
0.85 miles
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Urban STEAM Lab
1.15 miles
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The Little Brooklyn Pre-K Center
1.27 miles
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The Park Slope Day Camp
1.45 miles
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Brooklyn Treehouse Preschool
1.54 miles
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Happy Baby Playhouse
1.56 miles
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Giocare Play Spot
1.64 miles