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    4721 Church Ave Brooklyn, NY 11203

    For Sale
    $5,200,000

    Mixed Use - Brooklyn, NY

    Type:Mixed Use
    Property size:
    10,467 SF
    Lot size:
    0.09 Acres
    Days on Market:
    160
    Last Refresh:
    Dec 7 at 9:06 am

    Property Features for 4721 Church Ave

    General Information

    Property type
    Other
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    R5
    Size
    10,467 SF
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1929
    Floors in Building
    3
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Century 21 Mizrahi Realty (718) 998-5700

    Listing agent Samuel Mizrahi (718) 998-5700

    Listing date Jul 1, 2025

    MLS# 476425 Listing URL

    Copyright © 2025 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Flatbush Prime Corner Mixed-Use Building

    Located in Flatbush, Brooklyn, this three-story corner building features a mix of commercial and residential spaces. The property includes three stores and eight apartments, all of which are free market rentals. Each apartment is equipped with individual heating, hot water tanks, and air conditioning units, with tenants responsible for these utilities. The apartment mix consists of two one-bedroom units, four two-bedroom units, and two three-bedroom units. Currently, several apartments participate in the Section 8 program. The commercial spaces are occupied by a corner bakery, a smoke shop, and a church. All stores have a 3% increase per annum. The property's annual expenses include taxes of $77,075, insurance of $9,000, electric costs of $1,500, water expenses of $6,800, repairs of $8,000, and payroll expenses of $8,000. Heat, A/C, and gas are paid by tenants. The property generates a gross income of $451,944 and a net income of $355,063, with a cap rate of 6.8. The lot size is approximately 0.085 acres, and the building size is 10,467 square feet. The property is zoned R5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Taste Rite Bakery Bakery

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.932531
    Latitude
    40.651864

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use building with retail and residential units in Brooklyn.
    Where is this mixed-use property located?
    The property is located at 4721 Church Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $5,200,000.
    What are key features of this property?
    This property features: - High Net Operating Income: $355,063; - Strong Cap Rate: 6.8%; - Diverse Income Streams: Combination of commercial and residential units.
    (718) 998-5700
    Request Owner's contact information
    4721 Church Ave Brooklyn, NY 11203
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4721 Church Ave Brooklyn, NY 11203
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