Corner Mixed-Use
4902 7th Avenue Brooklyn, NY 11220
4902 7th Avenue, Brooklyn, NY, 11220
$9,999,000
For Sale
$9,999,000
Mixed-use corner building with five commercial storefronts and 27 residential apartments, zoned R7A and without rent control.
Property Size21,544 SF
Lot Size0.17 Acres
Price / SF$464.12
Days on Market57
Property Features for 4902 7th Avenue
General Information
- Standard status
- Active
- Size
- 21,544 SF
- Lot size
- 0.17 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
Winzone Realty Inc
(718) 676-6611
Listed by
Mon Git Soo Hoo · License #ms1027
(718) 676-6611
Source
Compass
Added: May 26 Updated: Jul 20 at 9:21PM Checked: Jul 21 at 5:55AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use corner building features five commercial storefronts and 27 residential apartments. The building measures 75 by 90 feet and sits on a 75 by 100 foot lot. The property is identified as R7A zoning and is described as not under rent control.
The building is located at 4902 7th Avenue in Brooklyn, NY 11220. The corner configuration supports both street-level commercial use and on-site residential operations.
With a total of five retail storefront spaces and 27 apartment units under one roof, the property offers a combined residential and commercial income profile. The listing is for sale.
The building is located at 4902 7th Avenue in Brooklyn, NY 11220. The corner configuration supports both street-level commercial use and on-site residential operations.
With a total of five retail storefront spaces and 27 apartment units under one roof, the property offers a combined residential and commercial income profile. The listing is for sale.
Key Highlights
- Mixed‑use corner building with 5 commercial storefronts and 27 residential apartments
- R7A zoning; property has no rent control
- Building size listed as 75 x 90
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.09M | $50.40 |
| − Vacancy | −$41.3k | −$1.92 |
| EGI | $1.04M | $48.48 |
| − OpEx | −$470.1k | −$21.82 |
| NOI | $574.5k | $26.67 |
21,544 SF · lease $50.40/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$8.21M
$7.18M – $9.58M
NOI $574,506 @ 7.0% cap · market cap 5.75%
Second Best
Retail
$8.13M
$7.11M – $9.48M
NOI $568,787 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$13.97M
$12.22M – $16.29M
NOI $977,649 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hebalife Club #HL49 ...
Physician
Baby Mommi
(Bike/Boat/Book/etc) Store
Xing Yong Xing ...
Grocery & Convenience Store
Ciro Hueyopan
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Mixed-use corner building with five commercial storefronts and 27 residential apartments, zoned R7A and without rent control.
Where is this apartment building located?
The property is located at 4902 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: Mixed‑use corner building with 5 commercial storefronts and 27 residential apartments; R7A zoning; property has no rent control; Building size listed as 75 x 90
