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    Renovated Mixed-Use Storefront Building Title is generated by Realmo AI

    4820 Avenue N, Brooklyn, NY 11234

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    Claim this Listing
    New
    For Sale
    $999,999

    Commercial Building, Low-rise - Brooklyn, NY

    Property size:
    2,200 SF
    Price / SF:
    $454/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for 4820 Avenue N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking features
    Garage
    Standard status
    Active
    Size
    2,200 SF

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Daniel Belisario

    Listing agent Daniel Belisario

    Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY

    Listing date Jun 5, 2026

    MLS# 11802127 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4820 Avenue N mixed‑use property with a fully renovated vacant storefront and two apartments above.
    • Storefront includes access to a private basement and backyard for additional storage and flexibility.
    • Apartment 2R rented for $1,850/month; lease expires 11/30/2026.
    • Apartment 2F rented for $1,700/month; lease expires 10/31/2026.
    • Parking includes a garage.

    Overview

    This low-rise mixed-use building features a fully renovated vacant storefront on the ground level. The commercial space includes additional access to both a private basement and a backyard, providing practical storage and operational flexibility for a range of business uses. Above the storefront are two residential income-producing apartments, Apartment 2R and Apartment 2F.

    The property is located at 4820 Avenue N in Brooklyn, NY 11234. It is described as being in a high-visibility neighborhood location and was previously occupied by the same business for more than 10 years.

    For an owner-user, the renovated storefront is ready for immediate occupancy, with the added basement and backyard access supporting day-to-day needs beyond the main retail area. For investors, the building offers current residential rental income with Apartment 2R rented for $1,850/month and lease expiration on 11/30/2026, and Apartment 2F rented for $1,700/month with lease expiration on 10/31/2026. The combination of a repositioned commercial space and existing residential tenants may help support a mixed-use operating plan for a buyer or long-term operator.
    Property Profile Location Intelligence

    Current Use by Public Records

    Onyx Auto Performance Auto Parts Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 3 Roses Flower Shop — 2430 Ralph Ave, Brooklyn, NY 11234
    • Elite Flowers NYC — e 63rd st, brooklyn, ny 11234
    • Same Day Flower Delivery — 1991 Flatbush Ave, Brooklyn, NY 11234
    • Funeral Flower Arrangements Brooklyn — 5406 Avenue N #568, Brooklyn, NY 11234
    • Sympathy Flowers — 1995 Flatbush Ave, Brooklyn, NY 11234

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.928091
    Latitude
    40.618703

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    FAQs

    What type of property is this?
    Storefront property - Vacant, fully renovated storefront with private basement and backyard, plus two rented residential apartments above.
    Where is this storefront 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: 4820 Avenue N mixed‑use property with a fully renovated vacant storefront and two apartments above.; Storefront includes access to a private basement and backyard for additional storage and flexibility.; Apartment 2R rented for $1,850/month; lease expires 11/30/2026.
    (212) 913-9058
    We can help!
    Listing Contact
    Daniel Belisario
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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