Brooklyn Mixed-Use Investment
For Sale
$4,590,000
4711 8th Avenue, Brooklyn, NY 11220
COMMERCIAL - Brooklyn, NY
Property Size5,613 SF
Lot Size0.08 Acres
Price / SF$817.74
Days on Market163
Property Features for 4711 8th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Subdivision
Sunset Park
Standard status
Active
Size
5,613 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
1223
Building Details
Number of units
1
Building materials
Brick
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Dao Bo (Paul) Lin · License #DL5775
(718) 612-3088
Added: Feb 19
Changed: Apr 30
Last Checked: Aug 1 at 2:06AM
MLS# 499080
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This commercial property in Brooklyn, NY, features a package of three units, including two retail spaces and one office space. Located in a busy commercial area in prime Sunset Park, the property offers excellent visibility and exposure, along with convenient access to public transportation. The surrounding area features a vibrant mix of businesses and amenities. Unit #1A is a 2,388 square foot retail store, Unit #1B is a 548 square foot office space, and Unit # CA is a 2,677 square foot retail store. The property benefits from low property taxes and has 10 years remaining on a tax abatement. The property, with a total size of 5,613 square feet and situated on a lot of 0.0826 acres, is zoned C2. This turnkey opportunity is suitable for investment.
Key Highlights
- Prime Sunset Park location in a high‑traffic commercial area.
- Three units included: two retail spaces and one office.
- Significant tax savings with 10 years remaining on tax abatement.**
Financial Insights For Office B
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 | $282.9k | $50.40 |
| − Vacancy | −$59.4k | −$10.58 |
| EGI | $223.5k | $39.82 |
| − OpEx | −$55.9k | −$9.95 |
| NOI | $167.6k | $29.86 |
5,613 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.39M
$2.10M – $2.79M
NOI $167,615 @ 7.0% cap · market cap 3.65%
Second Best
Mixed Use
$2.21M
$1.94M – $2.58M
NOI $154,919 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$3.64M
$3.18M – $4.25M
NOI $254,713 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,195
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three units: retail and office spaces in Sunset Park.
Where is this mixed-use property located?
The property is located at 4711 8th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,590,000.
What are key features of this property?
This property features: Prime Sunset Park location in a high‑traffic commercial area.; Three units included: **two retail spaces and one office.**; Significant tax savings with 10 years remaining on tax abatement.**
