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Mixed-Use Property with Restaurant
For Sale
Contact for pricing
Pending

488 E49th Street, Brooklyn, NY 11212

Two-building property combines apartment units with a ground-floor restaurant and separately metered spaces.

Property SizeContact for details
Days on Market142

Property Features for 488 E49th Street

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x 4BR, 1 x 1BR, 2 x 2BR
Multifamily Units 4

Additional Details

Floor 1
Asking Price $1,300,000

Building Details

Buildings 2
Tenancy Multi
Listing Agency: CENTURY 21 Sherlock Homes
Listed By: Roger Hart · License #NY
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 31 at 3:34AM

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 CENTURY 21 Sherlock Homes

Investment Insights

Based on property information with market context.

This mixed-use offering at 488 E49th Street consists of two buildings with five total units. The configuration includes four apartments and one commercial store occupied by a restaurant on the first floor. Apartment layouts comprise one four-bedroom unit, one one-bedroom unit, and two two-bedroom units.

A finished basement adds supplemental space, while each unit has its own meter for utility separation. The combination of residential units and a first-floor restaurant creates a varied operating profile within a single Brooklyn property.

Key Highlights

  • Two‑building mixed‑use property at 488 E49th Street, Brooklyn, NY 11212
  • Five total units: 4 apartments and 1 store
  • Apartment mix includes one 4 Bdrm, one 1 Bdrm, and two 2 Bdrm units

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Skin Care Clinic Gym & Fitness Center Dental Office

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

4
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,900
Businesses Nearby

Demographics for 11212, NY

91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-building property combines apartment units with a ground-floor restaurant and separately metered spaces.
Where is this mixed-use property located?
The property is located at 488 E49th Street Brooklyn, NY.
What are key features of this property?
This property features: Two‑building mixed‑use property at 488 E49th Street, Brooklyn, NY 11212; Five total units: 4 apartments and 1 store; Apartment mix includes one 4 Bdrm, one 1 Bdrm, and two 2 Bdrm units
(516) 459-5379 Call to check price and availability
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