4721-4723 Church Ave - Apartments FOR SALE


Brooklyn, NY 11203- East Flatbush
$5,200,000 USD
917-561-4526
4721-4723 Church Ave, Brooklyn, NY for Sale
$5,200,000 USD
Apartments - FOR SALE
1/3
null | 6.83% Cap Rate

4721-4723 Church Ave
Brooklyn, NY 11203
East Flatbush


HIGHLIGHTS

  • Prime corner location with 3 stores and 8 apts

OVERVIEW

Prime Corner Location in Flatbush Neighborhood of Brooklyn. Building Size: 10,400 Sq Ft. Lot Size: 3,720 Sq Ft, 40 X 93, 3 Story Building: 8 Apts and 3 Stores Store #1: Corner Bakery $7,576 lease till 2/ 2030 Store#2: Smoke Shop $5,409 lease till 3/2030 Store#3: Church $2,784 8/2025 All stores have 3 % increases per annum (2)1-Bed Apts, (4)2-bed Apts, (2)3-Bed Apts 1Bed Apt: $2,484, Sec 8,1 Bed Apt: $2,057, Sec 8, 2 Bed Apt: $2,762, Sec 8, 2 Bed Apt: $2,762, 2 Bed Apt: $2,762 , Sec 8, 2 Bed Apt: $2,762, Sec 8,3 Bed Apt/ 2 Bath: $3,084, 3 Bed Apt/ 2 Bath: $3,220 All apartments have their own heating, air conditioner, and hot water tanks. PROPERTY INFORMATION: Tax: $77,075,Insurance: $9,000,Electric: $1.500 Water: $6,800 Repairs: 8,000, Payroll: $8,000Heat, AC, Gas: Tenants Pay GOI: $451,944.00 NOI: $355,063.00 Cap Rate: 6.8

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$500 USD /SF

# OF UNITS

11

PRICE/UNIT

$472,727

CAP RATE

6.83%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R5, BrooklynC7)

APN/PARCEL ID

04673-0035

ASK ABOUT THIS PROPERTY

Samuel MizrahiCentury 21 Mizrahi RealtyMore Info
917-561-4526

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Samuel MizrahiCentury 21 Mizrahi RealtyMore Info
917-561-4526

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