Mixed-Use Building with
129 South 4th Street, Brooklyn, NY 11249
For Sale
$6,200,000
Four stories combine three retail spaces with apartments under a mix of rent regulations and free-market leases.
Property Size16,435 SF
Lot Size0.09 Acres
Price / SF$377.24
Days on Market353
Property Features for 129 South 4th Street
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Site & Location
Corner Location
Road Access
Mixed-Use Components
Additional Details
Multifamily Units
Tenant in Place
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
EVERGREEN REALTY & INVESTMENTS
Listed By:
Emma Barattini
(646) 838-1378
Source:
Crystinandcorealty
Added: Nov 20, 2025
Changed: Nov 6
Last Checked: Nov 6 at 2:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EVERGREEN REALTY & INVESTMENTS
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Investment Insights
Based on property information with market context.
This four-story mixed-use building contains 3 retail spaces and 14 apartments. The residential mix includes 4 rent-stabilized units, 2 rent-controlled units, and 8 free-market apartments. Built in 1910, the property occupies a 4,109-square-foot lot and measures 47.5 by 86.5 feet. Total building area is reported as over 16,435 square feet.
The corner property fronts Bedford Avenue and 4th Street, with more than 47 feet along Bedford Avenue and more than 86 feet on 4th Street. Its Williamsburg location places retail and residential uses within one building.
The corner property fronts Bedford Avenue and 4th Street, with more than 47 feet along Bedford Avenue and more than 86 feet on 4th Street. Its Williamsburg location places retail and residential uses within one building.
Key Highlights
- 17 total spaces: 3 retail units and 14 apartments
- Residential mix: 4 rent‑stabilized, 2 rent‑controlled, and 8 free‑market units
- Four‑story building constructed in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$501,743
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,034,860
$10.0M
Cap Rate 7%
$7,167,757
$7.2M
Cap Rate 9%
$5,574,922
$5.6M
Market Conditions
NOI Build-Up for 16,435 SF
Gross rent
$930.9K $56.64/SF
− Vacancy
−$18.6K −$1.13/SF
EGI
$912.3K $55.51/SF
− OpEx
−$410.5K −$24.98/SF
NOI
$501.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,034,860
Cap Rate 7%
$7,167,757
Cap Rate 9%
$5,574,922
Alternative Uses
Best Use
Retail
$11.26M
$9.85M – $13.14M
NOI $788,134 @ 7.0% cap · market cap 12.71%
Second Best
Mixed Use
$8.52M
$7.46M – $9.94M
NOI $596,591 @ 7.0% cap · market cap 9.62%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,964
Businesses Nearby
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Business Placement
Demographics for 11249, NY
42,024
Population
18,958
Households
2.2
Avg Household Size
31
Median Age
59%
College-Educated
89%
High-School Grad
0.7 sq mi
ZIP Area
60,034
Density / Sq Mi
$121,400
Median Household Income
$81,638
Median Earnings
$2,982
Median Rent
$1,326,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four stories combine three retail spaces with apartments under a mix of rent regulations and free-market leases.
Where is this mixed-use property located?
The property is located at 129 South 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: 17 total spaces: 3 retail units and 14 apartments; Residential mix: 4 rent‑stabilized, 2 rent‑controlled, and 8 free‑market units; Four‑story building constructed in 1910
