4801 16th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11204- Borough Park
$2,800,000 USD
347-806-0353
4801 16th Ave, Brooklyn, NY for Sale
$2,800,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 6.07% Cap Rate

NEW


4801 16th Ave
Brooklyn, NY 11204
Borough Park


HIGHLIGHTS

  • Directly across from Chase Bank on McDonald Avenue, the property benefits from exceptional corner visibility with strong vehicular and foot traffic
  • Corner lot established in one of the most prominent retail corridors in Brooklyn offering owner user, investment, or redevelopment opportunity
  • Mixed-use building offering turnkey residential and retail leasing opportunities

OVERVIEW

Home to Lieberman's Luncheonette for over 60 years, this prominent corner has been a proven Borough Park retail destination. Offering a rare corner opportunity in Borough Park, Brooklyn, this property. This approximately 1,600-square-foot, two-story corner building is offered for sale in the heart of Borough Park, Brooklyn. Situated along one of the neighborhood's established commercial corridors, the property presents an opportunity for an owner-user, investor, or redevelopment, subject to applicable zoning and approvals. Built in 1931, the property occupies a 20' 40' corner lot zoned R6/C1-3, offering approximately 2,300 square feet of additional development potential. Positioned on a prominent corner along 16th Avenue and directly across from Chase Bank, the property benefits from strong visibility and pedestrian and vehicular exposure. The property is situated within an established commercial corridor featuring a diverse mix of retail, restaurant, and financial services. Located in Borough Park, Brooklyn, the property is served by the F train at 18th Avenue, the D train at 55th Street, and the B8 and B11 bus routes. McDonald Avenue, Ocean Parkway, and the Gowanus Expressway provide access to Lower Manhattan in approximately 30 minutes by car and 35 minutes by subway, depending on traffic and service conditions.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$1,750 USD /SF

CAP RATE

6.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

4801 16th Avenue, Borough Park, NY 11204

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

802 SF

ZONING

R6, C1-3

APN/PARCEL ID

05448-0010

ASK ABOUT THIS PROPERTY

Shahriar ZimDouglas Elliman CommercialMore Info
347-806-0353

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Shahriar ZimDouglas Elliman CommercialMore Info
347-806-0353

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