Building Details

Building Size 7,400 SF

Year Built 1931

Stories 4

Listed By: Nadira Persaud Show Phone

Source: Parkassets

Added: Jul 8 Changed: Oct 13 Last Checked: Oct 7 at 9:03AM

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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 Nadira Persaud

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Investment Insights

Based on property information with market context.

This corner mixed-use income property includes four commercial units and six residential apartments. The ground floor is fully occupied by four established tenants: a restaurant, hair salon, tax office, and clothing store. The residential component features six updated units, including three 3-bedroom apartments and three 2-bedroom apartments, with active leases in place across the property.

The building is positioned at the intersection of 4th Avenue and 50th Street in Sunset Park, Brooklyn. The property also lists a bus stop directly beside the building and describes convenient access to the Brooklyn-Queens Expressway (I-278).

Residential amenities highlighted in the offering include water views for the 3-bedroom apartments overlooking the Bay Ridge Channel, as well as rooftop views described as panoramic, including waterfront scenery and views of the Manhattan skyline.

Key Highlights

• Corner mixed‑use building with 4 commercial units and 6 residential apartments
• Total building area of 7,400 SF; 4 total stories; basement is unfinished
• Ground floor fully occupied by four commercial tenants: restaurant, hair salon, tax office, and clothing store

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$234,099

Cap Rate

5.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,681,980 $4.7M

Cap Rate 7%

$3,344,271 $3.3M

Cap Rate 9%

$2,601,100 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,400 SF

Gross rent

$337.4K $45.60/SF

− Vacancy

−$25.3K −$3.42/SF

EGI

$312.1K $42.18/SF

− OpEx

−$78.0K −$10.55/SF

NOI

$234.1K $31.64/SF

Area

ZIP 11220

Vacancy

7.50%

Lease Rate

$45.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,681,980

Cap Rate 7%

$3,344,271

Cap Rate 9%

$2,601,100

Alternative Uses

Best Use

Specialty Retail

$3.34M

$2.93M – $3.90M (±1% cap)

NOI $234,099 @ 7.0% cap · market cap 5.87%

Second Best

Mixed Use

$2.92M

$2.55M – $3.40M (±1% cap)

NOI $204,240 @ 7.0% cap · market cap 5.12%

Theoretical Best

Office A

$4.80M

$4.20M – $5.60M (±1% cap)

NOI $335,806 @ 7.0% cap · market cap 8.42%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Conventional restaurants

Suggested Use

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

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

6

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

5,696

Businesses Nearby

Explore this area 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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Corner building with four retail units and six apartments, all under active leases and producing rental income.

Where is this mixed-use property located?

The property is located at 5001 4th Avenue Brooklyn Ny, 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 building with 4 commercial units and 6 residential apartments; Total building area of 7,400 SF; 4 total stories; basement is unfinished; Ground floor fully occupied by four commercial tenants: restaurant, hair salon, tax office, and clothing store