5001 4th Avenue, Brooklyn, NY 11220
Four leased retail units over six updated apartments provide diversified income on a highly visible corner location.
- Added:
- Jun 15, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 20 at 3:08 am
Property Features for 5001 4th Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Building Details
- Year Built
- 1931
Listing agent Amy Koh License #10301214759
Listing office MYNY Commercial
Listing date Jun 15, 2026
Source Crexi
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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)
- Gross annual rental income of $298,284 and stated 6.85% return based on a $3,900,000 purchase price
- All residential and commercial tenants are operating under active leases with a strong rent payment history
- 3‑bedroom apartments feature water views of the Bay Ridge Channel; rooftop offers waterfront and Manhattan skyline views
Overview
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.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.012571
- Latitude
- 40.646055