191 4th Ave - Apartments FOR SALE


Brooklyn, NY 11217- Park Slope
$4,500,000 USD
347-515-3898
191 4th Ave, Brooklyn, NY for Sale
$4,500,000 USD
Apartments - FOR SALE
1/6
null | 8% Cap Rate

191 4th Ave
Brooklyn, NY 11217
Park Slope


OVERVIEW

Welcome to an exceptional income-producing opportunity in the prime location of Park Slope. This solid brick corner property covers over 6,200 square feet across four stories and features a five-family residence alongside two commercial storefronts. All five residential units and one store will be delivered vacant at the closing Zoning is C4- D4/R8A; this building has 8712 SqFt of unused air rights, The residential units include four well-maintained two-bedroom apartments and a spacious 1,600-square-foot duplex with four bedrooms, making it ideal for generating premium rental income. Currently, the property is projected to generate $400,000 in gross income annually. very low expenses of a total of $50,000 a year Whether you are an investor seeking a stable asset in a high-demand area or an end-user looking for a valuable mixed-use property, this is a rare opportunity that you won't want to miss.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$721 USD /SF

# OF UNITS

5

PRICE/UNIT

$900,000

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

191 4th Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,043 SF

ZONING

R8A

APN/PARCEL ID

00949-0001

ASK ABOUT THIS PROPERTY

Leonid SklyarRE/MAX EdgeMore Info
347-515-3898

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Leonid SklyarRE/MAX EdgeMore Info
347-515-3898

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.