Building Details

Year built 1920

Floors in Building 3

Flooring type Hardwood

Building materials Brick

Listing Agency: REMAX REAL ESTATE PROFESSIONALS Show Phone

Listed By: Vito Angelo · License #VITLO524 Show Phone

Added: Nov 18, 2024 Changed: Sep 17 Last Checked: Oct 7 at 6:06AM

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MLS# 11365230

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.

Investment Insights

Based on property information with market context.

This three-story mixed-use property at 4924 13th Ave combines eight commercial units within a solid brick building constructed in 1920. The layout includes four street-level storefronts, four office spaces across the upper floors, and a full finished basement that provides additional storage space. Hardwood flooring and baseboard heating with natural gas service are among the existing building features.

Positioned on a corner along Brooklyn’s 13th Avenue commercial corridor in the 11219 postal area, the property offers a blend of retail and office configuration. Tenants are responsible for their own separate utilities. The parcel measures 0.0463 acres.

Key Highlights

• 8 commercial units: 4 storefronts and 4 office spaces
• Three‑story solid brick building constructed in 1920
• Full finished basement provides additional storage space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$147,841

Cap Rate

3.89%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,956,820 $3.0M

Cap Rate 7%

$2,112,014 $2.1M

Cap Rate 9%

$1,642,678 $1.6M

Market Conditions

NOI Build-Up for 5,400 SF

Gross rent

$252.7K $46.80/SF

− Vacancy

−$55.6K −$10.30/SF

EGI

$197.1K $36.50/SF

− OpEx

−$49.3K −$9.13/SF

NOI

$147.8K $27.38/SF

Area

ZIP 11219

Vacancy

22.00%

Lease Rate

$46.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,956,820

Cap Rate 7%

$2,112,014

Cap Rate 9%

$1,642,678

Alternative Uses

Best Use

Office B

$2.11M

$1.85M – $2.46M (±1% cap)

NOI $147,841 @ 7.0% cap · market cap 3.89%

Second Best

Mixed Use

$1.80M

$1.58M – $2.10M (±1% cap)

NOI $126,158 @ 7.0% cap · market cap 3.32%

Theoretical Best

Office A

$3.50M

$3.06M – $4.08M (±1% cap)

NOI $245,048 @ 7.0% cap · market cap 6.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

13 ave Jewelry (Bike/Boat/Book/etc) Store W Bakery MIRI 2.0 Clothing & Fashion Store

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center (Bike/Boat/Book/etc) Store Bar & Pub

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

Office units

Multi-tenant

Tenancy

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

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner commercial property with storefronts, office suites, and a finished basement along 13th Avenue.

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: 8 commercial units: 4 storefronts and 4 office spaces; Three‑story solid brick building constructed in 1920; Full finished basement provides additional storage space