Storefront Property with R7B
For Sale
$2,690,000
6901 4th Avenue, Brooklyn, NY 11209
COMMERCIAL - Brooklyn, NY
Property Size1,920 SF
Lot Size0.04 Acres
Price / SF$1,401
Days on Market301
Property Features for 6901 4th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7B
Basement
Full, Finished
Subdivision
Bay Ridge
Standard status
Active
Size
1,920 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
49046
Building Details
Year built
1931
Floors in Building
1
Number of units
1
Roof type
Flat
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Xi Xian (Johnny) Pan · License #XXP4124
(718) 210-2727
Added: Oct 28, 2025
Changed: Aug 4
Last Checked: Aug 24 at 9:06PM
MLS# 496955
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Storefront property at 6901 4th Avenue with R7B zoning, built in 1931 and featuring a flat roof. The lot totals 0.0445 acres, and the property size is 1920 square feet. The current tenant’s lease is in place through 5/31/2028.
The site is described as being at the corner of 4th Avenue and Bay Ridge Avenue, near the R train, with convenient access to shopping, dining, and transportation.
Lease payment responsibilities are noted: the landlord pays property tax and insurance, and the tenant pays utilities.
The site is described as being at the corner of 4th Avenue and Bay Ridge Avenue, near the R train, with convenient access to shopping, dining, and transportation.
Lease payment responsibilities are noted: the landlord pays property tax and insurance, and the tenant pays utilities.
Key Highlights
- R7B zoning for storefront use
- 0.0445‑acre lot at 6901 4th Avenue (corner of 4th Avenue and Bay Ridge Avenue)
- 1,920 square feet built in 1931 with a flat roof
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
$92,073
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
3.42%
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%
$1,841,460
$1.8M
Cap Rate 7%
$1,315,329
$1.3M
Cap Rate 9%
$1,023,033
$1.0M
Market Conditions
NOI Build-Up for 1,920 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
$149.3K $77.76/SF
− Vacancy
−$17.8K −$9.25/SF
EGI
$131.5K $68.51/SF
− OpEx
−$39.5K −$20.55/SF
NOI
$92.1K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /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%
$1,841,460
Cap Rate 7%
$1,315,329
Cap Rate 9%
$1,023,033
Alternative Uses
Best Use
Retail
$1.32M
$1.15M – $1.53M
NOI $92,073 @ 7.0% cap · market cap 3.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,279
Businesses Nearby
161k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Groceries 18%
Dining 18%
BP
Shops & Services
17,603 visits/mo
0.2 miles
7-Eleven
Shops & Services
17,278 visits/mo
0.3 miles
SuperFresh
Groceries
16,616 visits/mo
0.3 miles
Starbucks
Dining
15,586 visits/mo
0.4 miles
Shell
Shops & Services
14,799 visits/mo
0.4 miles
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property in R7B zoning at a corner near the R train, with a lease ending 5/31/2028.
Where is this storefront property located?
The property is located at 6901 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,690,000.
What are key features of this property?
This property features: R7B zoning for storefront use; 0.0445‑acre lot at 6901 4th Avenue (corner of 4th Avenue and Bay Ridge Avenue); 1,920 square feet built in 1931 with a flat roof
