Building Details

Building Size 7,112 SF

Year Built 1924

Buildings 1

Stories 4

Construction brick

Tenancy Multi

Listing Agency: Re/Max Real Estate Professiona

Listed By: Huizhen (Rose) Li Show Phone

Source: Penrealty

Added: Oct 10 Changed: Oct 13 Last Checked: Oct 13 at 2:21AM

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Investment Insights

Based on property information with market context.

This brick mixed-use property contains two storefronts on the ground level and six apartments, each with two bedrooms. The 7,112-square-foot building dates to 1924. Its first floor measures 28 x 80 feet, while each of the second, third, and fourth floors measures 28 x 58 feet. A finished basement has a separate entrance, and the roof is one year old. The 28 x 80-foot lot is zoned C4-3A.

R and N subway stations are a few minutes away. Restaurants, supermarkets, and everyday services are also nearby.

Key Highlights

• 7,112‑square‑foot building with 2 ground‑floor storefronts and 6 apartments
• All 6 apartments have 2 bedrooms
• 28 x 80‑foot lot; C4‑3A zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$196,291

Cap Rate

5.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,925,820 $3.9M

Cap Rate 7%

$2,804,157 $2.8M

Cap Rate 9%

$2,181,011 $2.2M

Market Conditions

NOI Build-Up for 7,112 SF

Gross rent

$341.4K $48.00/SF

− Vacancy

−$27.3K −$3.84/SF

EGI

$314.1K $44.16/SF

− OpEx

−$117.8K −$16.56/SF

NOI

$196.3K $27.60/SF

Area

ZIP 11220

Vacancy

8.00%

Lease Rate

$48.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,925,820

Cap Rate 7%

$2,804,157

Cap Rate 9%

$2,181,011

Alternative Uses

Best Use

Mixed Use

$2.80M

$2.45M – $3.27M (±1% cap)

NOI $196,291 @ 7.0% cap · market cap 5.48%

Second Best

Apartment 5plus

$2.71M

$2.37M – $3.16M (±1% cap)

NOI $189,653 @ 7.0% cap · market cap 5.30%

Theoretical Best

Office A

$4.61M

$4.03M – $5.38M (±1% cap)

NOI $322,737 @ 7.0% cap · market cap 9.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mariana Jewelry Inc (Bike/Boat/Book/etc) Store 5th. Ave. Grocery ... Grocery & Convenience Store LibertyX Bitcoin ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

6,917

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

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two ground-floor retail spaces are paired with six two-bedroom apartments in a brick building.

Where is this mixed-use property located?

The property is located at 4809 5th Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $3,580,000.

What are key features of this property?

This property features: 7,112‑square‑foot building with 2 ground‑floor storefronts and 6 apartments; All 6 apartments have 2 bedrooms; 28 x 80‑foot lot; C4‑3A zoning