Elevator Mixed-Use
New
For Sale
$7,500,000
7910 4th Avenue, Brooklyn, NY 11209
Ten occupied apartments are complemented by a cellar with additional space for uses subject to zoning and approvals.
Property Size13,431 SF
Price / SF$558.41
Days on Market5
Property Features for 7910 4th Avenue
General Information
Standard status
Active
Size
13,431 SF
Elevators
Yes
Property subtype
Mixed Use
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
10
Tenant in Place
Yes
Property Use
Residential
Taxes and HOA fees
Annual Taxes
$136,848
Building Details
Building Size
13,431 SF
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Hui Yu
(917) 292-9995
Source:
Carlinwright
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:20PM
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 Compass
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Investment Insights
Based on property information with market context.
This elevator-equipped mixed-use property contains 10 fully occupied residential units and an estimated 2,100-square-foot cellar. Potential cellar uses identified include medical, veterinary, daycare, legal, and community facility purposes, subject to zoning requirements and approvals. The source also identifies a proposed 25-year tax abatement; it remains subject to approval.
The property is in Brooklyn’s Bay Ridge neighborhood, near R train service, MTA buses, Shore Road, and Owls Head Park. Restaurants and shopping destinations are also nearby, along with a Trader Joe’s described as upcoming.
The property is in Brooklyn’s Bay Ridge neighborhood, near R train service, MTA buses, Shore Road, and Owls Head Park. Restaurants and shopping destinations are also nearby, along with a Trader Joe’s described as upcoming.
Key Highlights
- 10 fully occupied residential units
- Estimated 2,100‑square‑foot cellar with potential for medical, veterinary, daycare, legal, or community facility uses, subject to zoning and approvals
- Elevator‑equipped building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$487,545
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,750,900
$9.8M
Cap Rate 7%
$6,964,929
$7.0M
Cap Rate 9%
$5,417,167
$5.4M
Market Conditions
NOI Build-Up for 13,431 SF
Gross rent
$886.4K $66.00/SF
− Vacancy
−$106.4K −$7.92/SF
EGI
$780.1K $58.08/SF
− OpEx
−$292.5K −$21.78/SF
NOI
$487.5K $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 Rate 5%
$9,750,900
Cap Rate 7%
$6,964,929
Cap Rate 9%
$5,417,167
Alternative Uses
Best Use
Mixed Use
$6.96M
$6.09M – $8.13M
NOI $487,545 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$5.86M
$5.13M – $6.83M
NOI $410,034 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$11.12M
$9.73M – $12.97M
NOI $778,461 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
10
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,002
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ten occupied apartments are complemented by a cellar with additional space for uses subject to zoning and approvals.
Where is this mixed-use property located?
The property is located at 7910 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 10 fully occupied residential units; Estimated 2,100‑square‑foot cellar with potential for medical, veterinary, daycare, legal, or community facility uses, subject to zoning and approvals; Elevator‑equipped building
