86 4th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11217- Boerum Hill
$3,500,000 USD
718-360-8815
86 4th Ave, Brooklyn, NY for Sale
$3,500,000 USD
Storefront Retail/Residential - FOR SALE
1/14
null | 6.5% Cap Rate

86 4th Ave
Brooklyn, NY 11217
Boerum Hill


HIGHLIGHTS

  • 86 4th Avenue is on the Corner of St. Marks Place in Gowanus, Brooklyn. The entire building will be delivered vacant.
  • 86 4th Avenue is steps away from Atlantic Terminal, Barclay’s Center, and excellent retail on 5th Avenue.
  • The prime, corner, fully free market mixed-use property currently configured as 3 apartments and 1 store and is built approximately 4,200 square feet.
  • The property is in the Gowanus Special Purpose zoning district and is zoned C4-4D, which has an R9A equivalent
  • As-is, each apartment features North, East and West facing windows, providing ample sunlight for reconfiguration.
  • Significant value can be created through renovation or use of the air rights.

OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 86 4th Avenue, on the corner of St. Marks Place in Gowanus, Brooklyn. The entire building will be delivered vacant. The prime, corner, fully free market mixed-use property currently configured as 3 apartments and 1 store and is built approximately 4,200 square feet. The property dimensions are 21 ft x 50 ft and it sits on a 21 x 80 ft lot. The property is in the Gowanus Special Purpose zoning district and is zoned C4-4D, which has an R9A equivalent which has an 8.50 residential FAR, a 6.5 community facility FAR and a 3.4 retail/entertainment FAR. The property features approximately 10,080 square feet of additional air rights for residential development. As-is, each apartment features North, East and West facing windows, providing ample sunlight for reconfiguration. Significant value can be created through renovation or use of the air rights. 86 4th Avenue is steps away from Atlantic Terminal, Barclay’s Center, and excellent retail on 5th Avenue.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$833 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,680 SF

ZONING

C4-4D (R9A Equivalent)

APN/PARCEL ID

00395-0032

ASK ABOUT THIS PROPERTY

Adam LobelInvestment Property Realty GroupMore Info
718-360-8815

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Adam LobelInvestment Property Realty GroupMore Info
718-360-8815

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