Mixed-Use Property with
New
For Sale
$1,495,000
4714 18th Avenue, Brooklyn, NY 11204
A two-bedroom residence occupies the upper floor, with basement storage serving the ground-level commercial space.
Property Size2,300 SF
Lot Size0.75 Acres
Price / SF$650
Days on Market2
Property Features for 4714 18th Avenue
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
120
Lot size
0.75 Acres
Property subtype
Mixed Use
Zoning
C-2
Occupancy
100%
Net Operating Income
$92,000
Financials
Asking Price
$2,500,000
Cap Rate
6.75%
Gross Income
$180,000
Business Included
Yes
Opportunity Zone
Yes
Site & Location
Frontage
45 ft
Corner Location
Yes
End Cap
Yes
Drive-Thru
No
Pylon Signage
Yes
Anchor Co-Tenants
Whole Foods, CVS
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Floor
Ground
Sprinkler System
Yes
Liquor License
No
Amenities
basement storage
Building Details
Year Built
1990
Year Renovated
2015
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Parking Ratio
4.5 per 1,000 SF
Abandoned
No
Listing Agency:
RE/MAX Edge
Listed By:
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Source:
Prideestates
Added: Nov 1
Last Checked: Nov 1 at 3:54PM
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 RE/MAX Edge
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Investment Insights
Based on property information with market context.
The property combines a street-level storefront measuring approximately 20 feet by 70 feet with a one-family apartment above. The residence measures approximately 20 feet by 45 feet and contains two bedrooms. Basement space provides storage for the commercial area. The property is vacant.
Located on 18th Avenue, the property has access to neighborhood shops, restaurants, schools, transportation, and everyday amenities.
Located on 18th Avenue, the property has access to neighborhood shops, restaurants, schools, transportation, and everyday amenities.
Key Highlights
- Ground‑floor storefront measures approximately 20 feet by 70 feet
- Upper‑level one‑family apartment measures approximately 20 feet by 45 feet and has two bedrooms
- Basement storage space serves the storefront
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,296
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,920
$2.2M
Cap Rate 7%
$1,575,657
$1.6M
Cap Rate 9%
$1,225,511
$1.2M
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$178.8K $77.76/SF
− Vacancy
−$21.3K −$9.25/SF
EGI
$157.6K $68.51/SF
− OpEx
−$47.3K −$20.55/SF
NOI
$110.3K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,205,920
Cap Rate 7%
$1,575,657
Cap Rate 9%
$1,225,511
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.84M
NOI $110,296 @ 7.0% cap · market cap 7.38%
Second Best
Mixed Use
$1.19M
$1.04M – $1.39M
NOI $83,490 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap · market cap 8.92%
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
25,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,498
Businesses Nearby
154k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 64%
Shops & Services 34%
Home Improvements & Furnishings 3%
ShopRite
Groceries
98,156 visits/mo
0.3 miles
Chase Bank
Shops & Services
17,965 visits/mo
0.2 miles
Bank of America
Shops & Services
17,802 visits/mo
0.3 miles
Webster Bank
Shops & Services
7,940 visits/mo
0.2 miles
CubeSmart Self Storage
Shops & Services
5,569 visits/mo
0.4 miles
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-bedroom residence occupies the upper floor, with basement storage serving the ground-level commercial space.
Where is this mixed-use property located?
The property is located at 4714 18th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Ground‑floor storefront measures approximately 20 feet by 70 feet; Upper‑level one‑family apartment measures approximately 20 feet by 45 feet and has two bedrooms; Basement storage space serves the storefront
