Two-Story Storefront
For Sale
$3,995,000
4714 5th Avenue, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size7,200 SF
Lot Size0.06 Acres
Price / SF$832.29
Days on Market462
Property Features for 4714 5th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C4-3A
Basement
Full
Subdivision
Sunset Park
Standard status
Active
Size
4,800 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
40085
Building Details
Year built
1925
Floors in Building
2
Number of units
1
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Added: Jul 1, 2025
Changed: Sep 8
Last Checked: Oct 5 at 5:06AM
MLS# 493864
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 vacant two-story storefront building was constructed in 1925 with brick construction and a flat roof. The property carries C4-3A zoning and occupies a 0.0574-acre lot at 4714 5th Avenue in Brooklyn. Its commercial configuration includes two above-grade levels, with the source information also identifying basement space.
The building is situated along 5th Avenue within the Sunset Park Business Improvement District and a commercial corridor characterized by pedestrian activity. The property is in Kings County and carries a Brooklyn postal address of 11220.
The building is situated along 5th Avenue within the Sunset Park Business Improvement District and a commercial corridor characterized by pedestrian activity. The property is in Kings County and carries a Brooklyn postal address of 11220.
Key Highlights
- C4‑3A zoning
- Two‑story commercial building constructed in 1925
- 0.0574‑acre lot at 4714 5th Avenue
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
$126,726
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
3.17%
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%
$2,534,520
$2.5M
Cap Rate 7%
$1,810,371
$1.8M
Cap Rate 9%
$1,408,067
$1.4M
Market Conditions
NOI Build-Up for 4,800 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
$201.6K $42.00/SF
− Vacancy
−$20.6K −$4.28/SF
EGI
$181.0K $37.72/SF
− OpEx
−$54.3K −$11.31/SF
NOI
$126.7K $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%
$2,534,520
Cap Rate 7%
$1,810,371
Cap Rate 9%
$1,408,067
Alternative Uses
Best Use
Retail
$1.81M
$1.58M – $2.11M
NOI $126,726 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.11M
$2.72M – $3.63M
NOI $217,820 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with C4-3A zoning and a two-level layout in Brooklyn’s Sunset Park business district.
Where is this storefront property located?
The property is located at 4714 5th Avenue 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: C4‑3A zoning; Two‑story commercial building constructed in 1925; 0.0574‑acre lot at 4714 5th Avenue
