Brooklyn Two-Story Commercial
For Sale
$3,995,000
4714 5th Ave, Brooklyn, NY 11220
Two-story commercial building in Sunset Park's bustling commercial corridor.
Property Size4,800 SF
Lot Size0.06 Acres
Price / SF$554.86
Days on Market119
Property Features for 4714 5th Ave
General Information
Standard status
Active
Size
4,800 SF
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$40,085
Building Details
Building Size
4,800 SF
Year Built
1925
Stories
2
Listing Agency:
Remax Real Estate Professionals
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 20 at 8:35AM
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 Remax Real Estate Professionals
Investment Insights
Based on property information with market context.
Located on one of Brooklyn's busiest commercial strips in the Sunset Park Business Improvement District, this two-story commercial building offers over 7000 square feet of space, including the basement. The property is suitable for various business types, including restaurants, retail, and offices. Situated in the heart of Sunset Park, the property benefits from tremendous foot traffic and high visibility. The lot measures 25x100, with a building size of 25x96, totaling 7200 square feet including the basement. The location has a walk score of 94, indicating it is a walker's paradise, a bike score of 69, indicating it is bikeable, and a transit score of 78, indicating excellent transit.
Key Highlights
- Located on a high‑traffic commercial strip in Sunset Park's 5th Ave BID.
- 7200 sqft of total space (including basement), suitable for various businesses.
- Prime 25x100 lot size with a 25x96 building size.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$190,089
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,801,780
$3.8M
Cap Rate 7%
$2,715,557
$2.7M
Cap Rate 9%
$2,112,100
$2.1M
Market Conditions
NOI Build-Up for 7,200 SF
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.
Gross rent
$302.4K $42.00/SF
− Vacancy
−$30.8K −$4.28/SF
EGI
$271.6K $37.72/SF
− OpEx
−$81.5K −$11.31/SF
NOI
$190.1K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,801,780
Cap Rate 7%
$2,715,557
Cap Rate 9%
$2,112,100
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.17M
NOI $190,089 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.67M
$4.08M – $5.45M
NOI $326,730 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,279
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 27%
Dining 14%
Apparel 7%
Key Food
Groceries
17,068 visits/mo
0.2 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.2 miles
Manhattan Mini Storage
Shops & Services
9,167 visits/mo
0.5 miles
Chipotle Mexican Grill
Dining
7,663 visits/mo
0.3 miles
Clean Rite Center
Shops & Services
6,875 visits/mo
0.4 miles
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
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Two-story commercial building in Sunset Park's bustling commercial corridor.
Where is this storefront property located?
The property is located at 4714 5th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Located on a high‑traffic commercial strip in Sunset Park's 5th Ave BID.; 7200 sqft of total space (including basement), suitable for various businesses.; Prime 25x100 lot size with a 25x96 building size.
