Mixed-Use Development with Retail
5501 4th Avenue Brooklyn, NY 11220
5501 4th Avenue, Brooklyn, NY, 11220
$2,600,000
For Sale
$2,600,000
Zoned R7A with approved plans for four residential units and one commercial store.
Property Size6,300 SF
Price / SF$412.70
Days on Market50
Property Features for 5501 4th Avenue
General Information
- Standard status
- Active
- Size
- 6,300 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1899
Listing agency
Tiger Realty
(917) 708-9966
Listed by
Hang (Tyler) Chen · License #hc3855
(917) 708-9966
Source
Compass
Added: Jun 3 Updated: Jul 21 at 12:45PM Checked: Jul 21 at 12:45PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This mixed-use development property is being offered for sale with approved plans for a building that includes four residential units and one commercial store. The property is zoned R7A, supporting the proposed mixed-use configuration as presented in the approved plans.
The site is located at 5501 4th Avenue in Brooklyn, NY 11220 and is described as being on a busy avenue with strong visibility. Public transportation is noted nearby, including the N and R subway lines, with the area also characterized as close to shopping, restaurants, schools, and transit.
Interested parties should review the plans and confirm all development details and possibilities with their architect and attorney, as noted in the public remarks.
The site is located at 5501 4th Avenue in Brooklyn, NY 11220 and is described as being on a busy avenue with strong visibility. Public transportation is noted nearby, including the N and R subway lines, with the area also characterized as close to shopping, restaurants, schools, and transit.
Interested parties should review the plans and confirm all development details and possibilities with their architect and attorney, as noted in the public remarks.
Key Highlights
- Zoned R7A with approved plans for a mixed‑use building: 4 residential units and 1 commercial store
- Located in Sunset Park on a busy avenue with foot traffic and visibility
- Existing structure built in 1899 with brick construction
Local Financial Insights For Multifamily LT 5
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 | $279.7k | $44.40 |
| − Vacancy | −$11.7k | −$1.86 |
| EGI | $268.0k | $42.54 |
| − OpEx | −$80.4k | −$12.76 |
| NOI | $187.6k | $29.77 |
6,300 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.68M
$2.34M – $3.13M
NOI $187,580 @ 7.0% cap · market cap 7.21%
Second Best
Mixed Use
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$4.08M
$3.57M – $4.76M
NOI $285,889 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Zoned R7A with approved plans for four residential units and one commercial store.
Where is this mixed-use property located?
The property is located at 5501 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Zoned R7A with approved plans for a mixed‑use building: 4 residential units and 1 commercial store; Located in Sunset Park on a busy avenue with foot traffic and visibility; Existing structure built in 1899 with brick construction
