$2,500,000 USD
347-370-4379
4512 3rd Ave
Brooklyn, NY 11220
Sunset Park
HIGHLIGHTS
- No History of Rent Regulation: The property was previously converted from a 3-family over retail to a 5-family over retail
- Significant Upside in Rent Roll: Residential units are in livable condition, but would benefit from light renovation to maximize rents.
- Owner User Potential: Ground floor commercial unit and residential units have leases expiring within the next two years
- Ground Floor Built Full: Ground floor is built full 20’ x 100’, providing ample space for retail and a valuable private terrace
- Mixed-Use Asset Profile: Residential units above commercial space provide diversified income streams and long-term demand
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$568 USD /SF
CAP RATE
6.9%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
1910
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.05 AC
LAND SF
2,000 SF
ZONING
M1-2D
APN/PARCEL ID
00745-0046
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347-370-4379
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347-370-4379
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