Corner Mixed-Use Investment
For Sale
Contact for pricing
5001 4th Avenue, Brooklyn, NY 11220
Four leased retail units over six updated apartments provide diversified income on a highly visible corner location.
Property SizeContact for details
Days on Market62
Property Features for 5001 4th Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
R7A
Building Details
Year Built
1931
Units
10
Listing Agency:
MYNY Commercial
Listed By:
Amy Koh · License #10301214759
Source:
Crexi
Added: Jun 15
Changed: Aug 14
Last Checked: Aug 14 at 7:05AM
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 MYNY Commercial
Investment Insights
Based on property information with market context.
This corner mixed-use property includes four commercial units on the ground floor and six residential apartments above. The retail level is fully occupied by established tenants: a restaurant, hair salon, tax office, and clothing store. The residential component features six updated apartments, including three 3-bedroom units and three 2-bedroom units. All units are rented under active leases at market rates, except for the super unit. Additional improvements and amenities include water views from the 3-bedroom apartments overlooking the Bay Ridge Channel, plus rooftop panoramic views covering waterfront scenery and the Manhattan skyline.
Located at the intersection of 4th Avenue and 50th Street in Sunset Park, the property is positioned for strong visibility and convenient access to surrounding areas. The building is near Sunset Park and offers quick connectivity to the Brooklyn-Queens Expressway (I-278). A bus stop is located directly beside the property, supporting day-to-day accessibility for residents and customers.
For investors or buyers seeking a diversified, lease-supported asset, the current mix of four fully leased commercial spaces alongside updated apartments may appeal to those looking to combine retail convenience with residential tenancy. The commercial and residential tenants are operating under active leases, with a stated history of strong rent payment performance. Reported gross annual rental income is $298,284, with the offering indicating a 6.85% return based on the listed purchase price of $3,900,000.
Located at the intersection of 4th Avenue and 50th Street in Sunset Park, the property is positioned for strong visibility and convenient access to surrounding areas. The building is near Sunset Park and offers quick connectivity to the Brooklyn-Queens Expressway (I-278). A bus stop is located directly beside the property, supporting day-to-day accessibility for residents and customers.
For investors or buyers seeking a diversified, lease-supported asset, the current mix of four fully leased commercial spaces alongside updated apartments may appeal to those looking to combine retail convenience with residential tenancy. The commercial and residential tenants are operating under active leases, with a stated history of strong rent payment performance. Reported gross annual rental income is $298,284, with the offering indicating a 6.85% return based on the listed purchase price of $3,900,000.
Key Highlights
- Corner mixed‑use property (built 1931) at 4th Avenue & 50th Street with four commercial units and six residential apartments
- Ground floor includes four leased retail spaces with active tenants: restaurant, hair salon, tax office, and clothing store
- Six updated apartments: three 3‑bedroom units and three 2‑bedroom units (all leased at market rates except the super unit)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,696
Businesses Nearby
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Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four leased retail units over six updated apartments provide diversified income on a highly visible corner location.
Where is this mixed-use property located?
The property is located at 5001 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,990,000.
What are key features of this property?
This property features: Corner mixed‑use property (built 1931) at 4th Avenue & 50th Street with four commercial units and six residential apartments; Ground floor includes four leased retail spaces with active tenants: restaurant, hair salon, tax office, and clothing store; Six updated apartments: three 3‑bedroom units and three 2‑bedroom units (all leased at market rates except the super unit)
