Corner Mixed-Use Income
5001 4th Avenue Brooklyn Ny, NY 11220
5001 4th Avenue Brooklyn, Ny, NY, 11220
$3,990,000
For Sale
$3,990,000
Corner building with four retail units and six apartments, all under active leases and producing rental income.
Property Size7,400 SF
Price / SF$539.19
Days on Market14
Property Features for 5001 4th Avenue Brooklyn
General Information
- Standard status
- Active
- Size
- 7,400 SF
Building Details
- Year Built
- 1931
Listing agency
(718) 684-8000
Listed by
Nadira Persaud
(718) 684-8000
Source
Parkassets
Added: Jul 8 Updated: Jul 21 at 5:02PM Checked: Jul 21 at 5:02PM
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
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.
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
Local Financial Insights For Specialty Retail
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 | $337.4k | $45.60 |
| − Vacancy | −$25.3k | −$3.42 |
| EGI | $312.1k | $42.18 |
| − OpEx | −$78.0k | −$10.55 |
| NOI | $234.1k | $31.64 |
7,400 SF · lease $45.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.34M
$2.93M – $3.90M
NOI $234,099 @ 7.0% cap · market cap 5.87%
Second Best
Mixed Use
$2.92M
$2.55M – $3.40M
NOI $204,240 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,806 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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
