Sunset Park Mixed-Use
6005 4th Avenue Brooklyn, NY 11220
6005 4th Avenue, Brooklyn, NY, 11220
$3,700,000
For Sale
$3,700,000
Stabilized mixed-use asset in Brooklyn with diversified income streams.
Property Size12,871 SF
Price / SF$287.47
Days on Market293
Property Features for 6005 4th Avenue
General Information
- Standard status
- Active
- Size
- 12,871 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency
Ben Bay Realty Co
(718) 680-6442
Listed by
Nicholas Venturini · License #nv3472
(718) 680-6442
Source
Compass
Added: Sep 28, 2025 Checked: Jul 17 at 4:52 am
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This is an institutional-quality opportunity to acquire a fully stabilized mixed-use asset in Sunset Park, one of Brooklyn’s most supply-constrained and consistently high-performing rental corridors. The property consists of 19 residential units and two ground-floor retail stores. It also features a long-term rooftop lease with AT&T, delivering diversified income streams and durable cash flow. The residential component features a strong unit mix from studios to three-bedroom apartments, supporting consistent demand and long-term occupancy. The building is 100% occupied, with all apartments rent-stabilized and no rent-controlled units, providing predictable in-place income with long-term value preservation. The property is located at 6005 4th Avenue, Brooklyn, NY 11220 and has a size of 12871 square feet. This is a true core Sunset Park asset offering multiple income layers, downside protection, and long-term appreciation potential in a neighborhood with limited new supply and proven rental strength, making it an ideal acquisition for investors seeking secure cash flow and generational Brooklyn real estate.
Key Highlights
- Fully stabilized mixed‑use asset in Sunset Park with 19 residential units, 2 retail spaces, and an AT&T rooftop lease, providing diversified income streams.
- 100% occupied building with rent‑stabilized apartments, ensuring predictable in‑place income and long‑term value preservation.
- Located in a supply‑constrained and high‑performing rental corridor in Sunset Park, Brooklyn.
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 | $540.6k | $42.00 |
| − Vacancy | −$55.1k | −$4.28 |
| EGI | $485.4k | $37.72 |
| − OpEx | −$145.6k | −$11.31 |
| NOI | $339.8k | $26.40 |
12,871 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$5.07M
$4.44M – $5.92M
NOI $355,240 @ 7.0% cap · market cap 9.60%
Second Best
Apartment 5plus
$4.90M
$4.29M – $5.72M
NOI $343,226 @ 7.0% cap · market cap 9.28%
Theoretical Best
Office A
$8.34M
$7.30M – $9.73M
NOI $584,076 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Stabilized mixed-use asset in Brooklyn with diversified income streams.
Where is this mixed-use property located?
The property is located at 6005 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Fully stabilized mixed‑use asset in Sunset Park with 19 residential units, 2 retail spaces, and an AT&T rooftop lease, providing diversified income streams.; 100% occupied building with rent‑stabilized apartments, ensuring predictable in‑place income and long‑term value preservation.; Located in a supply‑constrained and high‑performing rental corridor in Sunset Park, Brooklyn.
