Mixed-Use Commercial
For Sale
$2,995,000
Pending
559 4th Avenue, Brooklyn, NY 11215
For sale mixed-use commercial property in Brooklyn, NY with 5,352 sq. ft. total size.
Property Size5,765 SF
Days on Market117
Property Features for 559 4th Avenue
General Information
Standard status
Pending
Size
5,765 SF
Property subtype
Mixed
Taxes and HOA fees
Annual Taxes
$19,176
Amenities
Central air
Building Details
Units
7
Listing Agency:
Park Slope
Listed By:
Erica Nieves · License #10401286753
(646) 764-6094
Source:
Corcoran
Added: May 14
Changed: Sep 4
Last Checked: Sep 4 at 6:11AM
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 Park Slope
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
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
$209,270
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
6.99%
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%
$4,185,400
$4.2M
Cap Rate 7%
$2,989,571
$3.0M
Cap Rate 9%
$2,325,222
$2.3M
Market Conditions
NOI Build-Up for 5,765 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
$380.5K $66.00/SF
− Vacancy
−$45.7K −$7.92/SF
EGI
$334.8K $58.08/SF
− OpEx
−$125.6K −$21.78/SF
NOI
$209.3K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,185,400
Cap Rate 7%
$2,989,571
Cap Rate 9%
$2,325,222
Alternative Uses
Best Use
Specialty Retail
$4.77M
$4.18M – $5.57M
NOI $334,139 @ 7.0% cap · market cap 11.16%
Second Best
Retail
$3.95M
$3.46M – $4.61M
NOI $276,458 @ 7.0% cap · market cap 9.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,737
Businesses Nearby
315k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 49%
Shops & Services 33%
Dining 13%
Groceries 3%
The Home Depot
Home Improvements & Furnishings
70,488 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
61,501 visits/mo
0.4 miles
Dollar Tree
Shops & Services
30,894 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
19,447 visits/mo
0.4 miles
Bank of America
Shops & Services
13,992 visits/mo
0.2 miles
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Associated Fresh — 615 5th Ave, Brooklyn, NY 11215
- Prospect Market — 595 5th Ave, Brooklyn, NY 11215
Frequently Asked Questions
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
