924 4th Avenue Brooklyn, NY 11232
Mixed-use building with five apartments and two commercial units.
- Added:
- Sep 25, 2025
- Days on Market:
- 291
- Last Refresh:
- May 9 at 6:14 am
Property Features for 924 4th Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Mixed Use
Listing office RE/MAX (347) 721-6599
Listing date Sep 25, 2025
Source Remaxcommercial
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Investment Insights
Based on property information with market context.
Key Highlights
- Projected annual rent roll over $200,000.
- Mixed‑use building with 5 free market apartments and 2 commercial units (storefront and office).
- Located on a high‑traffic commercial corridor in Sunset Park/Greenwood Heights.
Local Financial Insights For Mixed Use
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 | $264.0k | $66.00 |
| − Vacancy | −$31.7k | −$7.92 |
| EGI | $232.3k | $58.08 |
| − OpEx | −$87.1k | −$21.78 |
| NOI | $145.2k | $36.30 |
