Full Brooklyn Commercial Building
4708 3rd Avenue Brooklyn, NY 11220
4708 3rd Avenue, Brooklyn, NY, 11220
$1,400,000
For Sale
$1,400,000
Versatile 4,700+ SF vacant building in evolving Brooklyn corridor.
Property Size4,719 SF
Price / SF$296.67
Days on Market142
Property Features for 4708 3rd Avenue
General Information
- Standard status
- Active
- Size
- 4,719 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing Agency
Park Slope
(646) 764-6094
Listed by
Erica Nieves · License #10401286753
(646) 764-6094
Source
Corcoran
Added: Feb 26 Checked: Jul 17 at 3:41 am
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 Park Slope
Investment Insights
Based on property information with market context.
This full commercial building offers approximately 4,700+ square feet of versatile space across three levels. Delivered vacant, the property is suitable for end-users, investors, or businesses seeking a strong presence with high visibility and substantial interior square footage. The ground floor features an open layout with street frontage, high ceilings, and modern lighting, suitable for retail, showroom, medical, or service-based use. The second level offers a full-floor flexible layout with multiple rooms and bathrooms, ideal for office, creative, or operational use. The fully built-out lower level features a functioning kitchen, bathroom, and ample storage, making it suitable for staff use, back-of-house operations, or additional workspace. Located along 3rd Avenue, the property benefits from foot and vehicle traffic, proximity to Industry City, Greenwood Heights, and South Slope, and convenient access to transportation. The property is ideal for owner-users, investors, retail, medical, office, showroom, hospitality, or mixed commercial use. The building has 4,719 SF across 3 levels and a strong street presence and visibility.
Key Highlights
- Rare full commercial building offering 4,700+ SF across three levels.
- Delivered vacant and turnkey, ready for immediate use.
- Located on bustling 3rd Avenue with strong street presence and high visibility.
Local Financial Insights For Retail
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 | $198.2k | $42.00 |
| − Vacancy | −$20.2k | −$4.28 |
| EGI | $178.0k | $37.72 |
| − OpEx | −$53.4k | −$11.31 |
| NOI | $124.6k | $26.40 |
4,719 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.35M
NOI $140,919 @ 7.0% cap · market cap 10.07%
Second Best
Retail
$1.78M
$1.56M – $2.08M
NOI $124,587 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,144 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triumph Construction Corporation
Construction Company
Party room 3av ...
Party Supply Store
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FAQs
What type of property is this?
Storefront property - Versatile 4,700+ SF vacant building in evolving Brooklyn corridor.
Where is this storefront property located?
The property is located at 4708 3rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Rare full commercial building offering 4,700+ SF across three levels.; Delivered vacant and turnkey, ready for immediate use.; Located on bustling 3rd Avenue with strong street presence and high visibility.
