40 4th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11217- Boerum Hill
$3,200,000 USD
718-475-4382
40 4th Ave, Brooklyn, NY for Sale
$3,200,000 USD
Storefront Retail/Residential - FOR SALE
1/16
null | 5% Cap Rate

40 4th Ave
Brooklyn, NY 11217
Boerum Hill


OVERVIEW

• Located just steps from Atlantic Avenue and the Barclays Center, 40 4th Avenue is a fully free-market, mixed-use asset in one of Brooklyn’s most dynamic and rapidly evolving neighborhoods at the nexus of Boerum Hill, Park Slope, and Downtown Brooklyn • This 4,000 square foot property is comprised of five residential units and one ground-floor commercial space. Apartments 1 and 2F have been recently renovated, offering elevated finishes and higher rents, with the average in-place residential rent already topping $3,000 per month. • With a competitive price point of $800 per square foot, this asset presents compelling value relative to nearby trades, especially given the strong in-place income and room for rental growth. The commercial tenant is currently on a month-to-month lease, providing flexibility for repositioning or lease-up at higher market rents. • The property is surrounded by new developments, major transit options, and continued infrastructure investment. 40 4th Avenue is a rare chance to own a high-quality, 100% free-market asset with upside in a premier Brooklyn corridor.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,400 SF

ZONING

R8A

APN/PARCEL ID

00192-0037

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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