Corner Mixed-Use Building with
129 S 4th Street Brooklyn, NY 11249
129 S 4th Street, Brooklyn, NY, 11249
$6,200,000
For Sale
Under Contract
$6,200,000
MULTI_FAMILY - Brooklyn, NY
Property Size16,435 SF
Lot Size0.09 Acres
Price / SF$377.24
Days on Market239
Property Features for 129 S 4th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 35
- Bathrooms
- 14
- Rooms
- Bedroom 10, Bathroom 12, Bedroom 3, Bedroom 11, Bedroom 17, Bathroom 14, Bathroom 2, Bedroom 14, Bathroom 9, Bedroom 13, Bathroom 6, Bedroom 22, Bedroom 27, Bathroom 11, Bedroom 23, Bedroom 28, Bedroom 20, Bedroom 12, Bedroom 26, Bedroom 16, Bathroom 4, Bathroom 5, Bathroom 8, Bedroom 34, Bathroom 1, Bedroom 35, Bedroom 19, Bedroom 21, Bedroom 32, Bedroom 8, Bedroom 25, Bathroom 3, Bedroom 29, Bathroom 13, Bedroom 2, Bedroom 9, Bedroom 18, Bedroom 4, Bedroom 15, Bedroom 24, Bedroom 31, Bathroom 7, Bedroom 1, Bedroom 6, Bedroom 33, Bedroom 5, Bedroom 7, Bedroom 30, Bathroom 10
- Standard status
- Active Under Contract
- Lot size
- 0.09 Acres
Building Details
- Year built
- 1910
- Floors in Building
- 4
- Building materials
- Brick
Listing Agency
EVERGREEN REALTY & INVESTMENTS
(646) 838-1378
5825 Myrtle Avenue Office 2A, RIDGEWOOD, NY
Listed by
Emma Barattini
(646) 838-1378
Added: Nov 20, 2025 Checked: Jul 17 at 2:06 am
MLS# 11609598
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This corner, mixed-use building includes three retail spaces and 14 apartments, arranged across four stories. The residential mix consists of four rent-stabilized units, two rent-controlled units, and eight free-market apartments. The structure is built on a 4,109-square-foot lot and measures approximately 47.5 feet by 86.5 feet.
The property presents substantial corner frontage, with more than 47 feet on Bedford Avenue and more than 86 feet on 4th Street, and is described as being in the heart of Williamsburg. Its retail and residential components are positioned together on the same site, providing a single ownership platform for both uses.
For buyers and operators, the offering provides a built-in hedge between commercial and residential income streams, alongside a defined in-place rent profile through its rent-stabilized and rent-controlled units. The listing states actual annual net operating income of $393,104 and potential net operating income of $592,685.
The property presents substantial corner frontage, with more than 47 feet on Bedford Avenue and more than 86 feet on 4th Street, and is described as being in the heart of Williamsburg. Its retail and residential components are positioned together on the same site, providing a single ownership platform for both uses.
For buyers and operators, the offering provides a built-in hedge between commercial and residential income streams, alongside a defined in-place rent profile through its rent-stabilized and rent-controlled units. The listing states actual annual net operating income of $393,104 and potential net operating income of $592,685.
Key Highlights
- Corner mixed‑use building in Williamsburg built in 1910 with brick construction
- Over 16,435 SF total: 3 retail spaces and 14 apartments across four stories
- Apartment mix includes 4 rent‑stabilized units, 2 rent‑controlled units, and 8 free‑market units
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $930.9k | $56.64 |
| − Vacancy | −$18.6k | −$1.13 |
| EGI | $912.3k | $55.51 |
| − OpEx | −$410.5k | −$24.98 |
| NOI | $501.7k | $30.53 |
16,435 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$11.26M
$9.85M – $13.14M
NOI $788,134 @ 7.0% cap · market cap 12.71%
Second Best
Apartment 5plus
$7.17M
$6.27M – $8.36M
NOI $501,743 @ 7.0% cap · market cap 8.09%
Theoretical Best
Specialty Retail
$13.61M
$11.91M – $15.88M
NOI $952,573 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Four-story property with street-level retail and 14 apartments, including rent-stabilized and rent-controlled units.
Where is this apartment building located?
The property is located at 129 S 4th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Corner mixed‑use building in Williamsburg built in 1910 with brick construction; Over 16,435 SF total: 3 retail spaces and 14 apartments across four stories; Apartment mix includes 4 rent‑stabilized units, 2 rent‑controlled units, and 8 free‑market units
