Mixed-Use Property with Renovated
For Sale
Contact for pricing
4820 Avenue N, Brooklyn, NY 11234
Renovated ground-floor commercial space includes private basement and backyard access, with two leased apartments above.
Property Size2,200 SF
Price / SF$454.55
Days on Market147
Property Features for 4820 Avenue N
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Mixed Use
Zoning
R3
Investment Type
Owner/User
Additional Details
Average Monthly Rent
$1,775
Multifamily Units
2
Amenities
private basement
backyard
Building Details
Year Built
1931
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Claudette Rolling · License #1030122621
(908) 659-8285
Source:
Crexi
Added: May 27
Changed: Oct 14
Last Checked: Oct 19 at 7:08AM
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 Compass
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Investment Insights
Based on property information with market context.
This 2,200-square-foot mixed-use property, built in 1931 and zoned R3, combines a newly renovated vacant storefront with two residential apartments on the upper level. The commercial area has separate access to a private basement and backyard, adding storage and operational flexibility for the next occupant.
Both apartments are currently leased. Apartment 2R has a lease running through 11/30/2026, while Apartment 2F is leased through 10/31/2026. The property is located at 4820 Avenue N in Brooklyn, NY 11234.
Both apartments are currently leased. Apartment 2R has a lease running through 11/30/2026, while Apartment 2F is leased through 10/31/2026. The property is located at 4820 Avenue N in Brooklyn, NY 11234.
Key Highlights
- 2,200‑square‑foot mixed‑use property built in 1931
- Renovated vacant storefront on the ground floor
- Private basement and backyard access from the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,860
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,200
$1.6M
Cap Rate 7%
$1,140,857
$1.1M
Cap Rate 9%
$887,333
$887.3K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$145.2K $66.00/SF
− Vacancy
−$17.4K −$7.92/SF
EGI
$127.8K $58.08/SF
− OpEx
−$47.9K −$21.78/SF
NOI
$79.9K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,200
Cap Rate 7%
$1,140,857
Cap Rate 9%
$887,333
Alternative Uses
Best Use
Retail
$1.51M
$1.32M – $1.76M
NOI $105,500 @ 7.0% cap · market cap 10.55%
Second Best
Mixed Use
$1.14M
$998.3K – $1.33M
NOI $79,860 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,922
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 58%
Dining 30%
Groceries 10%
Hotels & Casinos 2%
McDonald's
Dining
44,677 visits/mo
0.2 miles
Speedway
Shops & Services
24,099 visits/mo
0.5 miles
Dollar Tree
Shops & Services
20,258 visits/mo
0.4 miles
Key Food
Groceries
17,150 visits/mo
0.2 miles
7-Eleven
Shops & Services
10,136 visits/mo
0.1 miles
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated ground-floor commercial space includes private basement and backyard access, with two leased apartments above.
Where is this mixed-use property located?
The property is located at 4820 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 2,200‑square‑foot mixed‑use property built in 1931; Renovated vacant storefront on the ground floor; Private basement and backyard access from the commercial space
