Mixed-Use Building with
New
For Sale
$3,580,000
4809 5th Avenue, Brooklyn, NY 11220
Two ground-floor retail spaces are paired with six two-bedroom apartments in a brick building.
Property Size7,112 SF
Lot Size0.05 Acres
Price / SF$503.37
Days on Market5
Property Features for 4809 5th Avenue
General Information
Standard status
Active
Size
7,112 SF
Lot size
0.05 Acres
Property subtype
Mixed Use
Zoning
C4-3A
Units
Unit Mix
6 x 2BR
Multifamily Units
6
Additional Details
Gross Income
$250,000
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,553
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
(718) 872-5522
Source:
Penrealty
Added: Oct 10
Changed: Oct 13
Last Checked: Oct 13 at 2:21AM
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 Real Estate Professiona
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.
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
NOI $196,291 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$2.71M
$2.37M – $3.16M
NOI $189,653 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
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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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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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
