Prime 13th Avenue Commercial
For Sale
$3,800,000
4924 13th Ave, Brooklyn, NY 11219
Eight-unit mixed-use building in bustling Boro Park retail corridor.
Property Size5,400 SF
Price / SF$703.70
Days on Market100
Property Features for 4924 13th Ave
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
Remax Real Estate Professionals
(718) 532-2000
Listed By:
Vito Angelo · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 31 at 12:21PM
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 Remax Real Estate Professionals
Investment Insights
Based on property information with market context.
Located in the heart of the high-traffic 13th Avenue in Boro Park, this three-story corner building offers a rare real estate opportunity. The solid brick building, with a size of 20x85 and 5400 square feet, is situated in the busiest retail and commercial corridor of Boro Park. Configured with eight commercial units, including four storefronts and four office spaces, the property is suitable for investment or for an owner-user looking to operate their own business while generating rental income. The building features two office spaces on the third floor, two office spaces on the second floor, and four highly visible storefronts on the first floor. A full finished basement provides additional income through storage use. Tenants are responsible for their own separate utilities. The property is located in a Walker's Paradise with a walk score of 94, and has excellent transit with a transit score of 78. It is also bikeable, with a bike score of 69.
Key Highlights
- Prime location on high‑traffic 13th Avenue in Boro Park's retail/commercial corridor.
- Eight commercial units: four storefronts and four office spaces.
- Large, solid brick corner building: 5400 sqft (20x85) and three stories.
Financial Insights For Office B
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 | $252.7k | $46.80 |
| − Vacancy | −$55.6k | −$10.30 |
| EGI | $197.1k | $36.50 |
| − OpEx | −$49.3k | −$9.13 |
| NOI | $147.8k | $27.38 |
5,400 SF · lease $46.80/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,841 @ 7.0% cap · market cap 3.89%
Second Best
Mixed Use
$1.80M
$1.58M – $2.10M
NOI $126,158 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $245,048 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,487
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight-unit mixed-use building in bustling Boro Park retail corridor.
Where is this mixed-use property located?
The property is located at 4924 13th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Prime location on high‑traffic 13th Avenue in Boro Park's retail/commercial corridor.; Eight commercial units: four storefronts and four office spaces.; Large, solid brick corner building: 5400 sqft (20x85) and three stories.
