Corner Mixed-Use Income
For Sale
$3,990,000
5001 4th Avenue Brooklyn, Ny, NY 11220
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 Market37
Property Features for 5001 4th Avenue Brooklyn
General Information
Standard status
Active
Size
7,400 SF
Zoning
R7A
Additional Details
Cap Rate
6.85%
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$24,000
Amenities
rooftop views
Unfinished
4
Yes
Public
No
7400
Building Details
Building Size
7,400 SF
Year Built
1931
Stories
4
Listing Agency:
(718) 684-8000
Listed By:
Nadira Persaud
(718) 684-8000
Source:
Parkassets
Added: Jul 8
Changed: Aug 8
Last Checked: Aug 13 at 3:10AM
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
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$234,099
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,681,980
$4.7M
Cap Rate 7%
$3,344,271
$3.3M
Cap Rate 9%
$2,601,100
$2.6M
Market Conditions
NOI Build-Up for 7,400 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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 authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
