Mixed-Use Building With
For Sale
$1,398,000
5407 4th Ave, Brooklyn, NY 11220
Three dwellings and a store occupy this transit-accessible Brooklyn property near shopping, restaurants, and a park.
Property Size3,180 SF
Lot Size0.04 Acres
Price / SF$439.07
Days on Market129
Property Features for 5407 4th Ave
General Information
Standard status
Active
Size
3,180 SF
Lot size
0.04 Acres
Property subtype
Investment
Zoning
R7A, C2-4
Taxes and HOA fees
Annual Taxes
$12,111
Building Details
Building Size
3,180 SF
Year Built
1931
Units
3
Listing Agency:
Winzone Realty Inc
Listed By:
Chung Kit Cheung
(646) 942-8477
Source:
Elliman
Added: Apr 28
Changed: Aug 30
Last Checked: Aug 31 at 4:56PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
Located at 5407 4th Ave in Brooklyn, this mixed-use property combines three dwelling units with a separate store building. The building measures 20 x 53 feet and contains 3,184 square feet, with 3,216 square feet of buildable area on a 20 x 90-foot lot. The property was built in 1931 and carries R7A and C2-4 zoning.
The property is one block from the R train and approximately 5 minutes from the N and W trains. Shopping, restaurants, and a park are nearby. Walk Score is 90, Transit Score is 95, and Bike Score is 62.
The property is one block from the R train and approximately 5 minutes from the N and W trains. Shopping, restaurants, and a park are nearby. Walk Score is 90, Transit Score is 95, and Bike Score is 62.
Key Highlights
- Three dwelling units plus one store building
- 3,184 square feet building size with 3,216 square feet of buildable area
- 20 x 90‑foot lot with a 20 x 53‑foot building footprint
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
$94,802
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
6.78%
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%
$1,896,040
$1.9M
Cap Rate 7%
$1,354,314
$1.4M
Cap Rate 9%
$1,053,356
$1.1M
Market Conditions
NOI Build-Up for 3,184 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
$141.4K $44.40/SF
− Vacancy
−$5.9K −$1.86/SF
EGI
$135.4K $42.54/SF
− OpEx
−$40.6K −$12.76/SF
NOI
$94.8K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,896,040
Cap Rate 7%
$1,354,314
Cap Rate 9%
$1,053,356
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.19M – $1.58M
NOI $94,802 @ 7.0% cap · market cap 6.78%
Second Best
Mixed Use
$1.26M
$1.10M – $1.46M
NOI $87,878 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,487 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,087
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three dwellings and a store occupy this transit-accessible Brooklyn property near shopping, restaurants, and a park.
Where is this mixed-use property located?
The property is located at 5407 4th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Three dwelling units plus one store building; 3,184 square feet building size with 3,216 square feet of buildable area; 20 x 90‑foot lot with a 20 x 53‑foot building footprint
