Mixed-Use Commercial
559 4th Avenue Brooklyn, NY 10010
559 4th Avenue, Brooklyn, NY, 10010
$2,995,000
For Sale
$2,995,000
For sale mixed-use commercial property in Brooklyn, NY with 5,352 sq. ft. total size.
Property Size5,352 SF
Price / SF$559.60
Days on Market70
Property Features for 559 4th Avenue
General Information
- Standard status
- Active
- Size
- 5,352 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
Corcoran Group
(646) 764-6094
Listed by
Erica Nieves · License #10401286753
(646) 764-6094
Source
Compass
Added: May 14 Updated: Jul 21 at 1:51PM Checked: Jul 21 at 1:51PM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This mixed-use commercial property is available for sale. The total building size is 5,352 sq. ft., and the offering is categorized across several property types, including retail and automotive-related use.
The property is located at 559 4th Avenue in Brooklyn, NY 10010. Public remarks indicate that additional details are available by contacting a Compass agent.
Additional specifics regarding the current tenanting, unit configuration, and improvements were not provided in the available information.
The property is located at 559 4th Avenue in Brooklyn, NY 10010. Public remarks indicate that additional details are available by contacting a Compass agent.
Additional specifics regarding the current tenanting, unit configuration, and improvements were not provided in the available information.
Key Highlights
- Mixed‑use commercial property in Brooklyn, NY with 5,352 sq. ft. total size
- Built in 1931
- Dual cooling system
Local Financial Insights For 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 | $416.2k | $77.76 |
| − Vacancy | −$49.5k | −$9.25 |
| EGI | $366.6k | $68.51 |
| − OpEx | −$110.0k | −$20.55 |
| NOI | $256.7k | $47.95 |
5,352 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$4.43M
$3.88M – $5.17M
NOI $310,202 @ 7.0% cap · market cap 10.36%
Second Best
Retail
$3.67M
$3.21M – $4.28M
NOI $256,653 @ 7.0% cap · market cap 8.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CONVENIENCE STORE
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Marketplace By Key Food — 615 5th Ave, Brooklyn, NY 11215
- Vlastoise — 9 29th St, Brooklyn, NY 11232
- Associated Fresh — 615 5th Ave, Brooklyn, NY 11215
- Prospect Market — 236-238 Prospect Park W, Brooklyn, NY 11215
- Prospect Market — 595 5th Ave, Brooklyn, NY 11215
FAQs
What type of property is this?
Grocery and convenience store - For sale mixed-use commercial property in Brooklyn, NY with 5,352 sq. ft. total size.
Where is this grocery and convenience store located?
The property is located at 559 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Mixed‑use commercial property in Brooklyn, NY with 5,352 sq. ft. total size; Built in 1931; Dual cooling system
