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    250 4Th Ave Brooklyn, NY 11215

    Sponsored
    For Sale
    $3,799,000

    High-yield Brooklyn property, strong NOI.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use investment opportunity in Brooklyn, New York, presents two buildings totaling a store and five apartments. Located at 250 4th Ave, in the 11215 zip code, this property offers a compelling combination of commercial and residential income streams. The asking price is $3,799,000, representing a strong 5.82% capitalization rate. The front building comprises a retail store and three apartments, while the rear building houses two additional apartments. The property's strong performance is reflected in its impressive Net Operating Income (NOI) of $221,280. This figure demonstrates the consistent rental income generated by the combined commercial and residential units. The property's location in Brooklyn, NY, offers excellent access to transportation, amenities, and a vibrant community. This is an ideal investment for those seeking a stable, high-yield property with a proven track record of profitability. The property's solid NOI and attractive cap rate make it a particularly attractive opportunity in the current market. This turnkey investment requires minimal effort to maintain its current high level of performance. Serious inquiries are encouraged to explore this lucrative investment opportunity further.

    Property Features for 250 4Th Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $3,799,000 asking price.
    • Mixed‑use property in Brooklyn, NY.
    • 5.82% cap rate.
    • $221,280 net operating income (NOI).
    • Two buildings: one with a retail store and three apartments, the other with two apartments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wild Mind Mental Health Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9839575
    Latitude
    40.6766659

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    FAQs

    What type of property is this?
    Mixed-use property - High-yield Brooklyn property, strong NOI.
    Where is this mixed-use property located?
    The property is located at 250 4Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,799,000.
    What are key features of this property?
    This property features: $3,799,000 asking price.; Mixed-use property in Brooklyn, NY.; 5.82% cap rate.
    (917) 885-4575
    Request Owner's contact information
    250 4Th Ave Brooklyn, NY 11215
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    Brooklyn, NY 11215
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 4Th Ave Brooklyn, NY 11215
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