Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    4018 8Th Ave Brooklyn, NY 11232

    Sponsored
    For Sale
    $1,500,000

    2,500 SF lot, high-return investment.

    Property size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land parcel, located at 4018 8th Avenue in Brooklyn, New York's vibrant Sunset Park neighborhood (zip code 11232), presents a compelling investment opportunity. The property encompasses a 2,500 square foot lot and features a 2,300 square foot building currently leased to a tenant operating a box school. The existing lease agreement has three years remaining, generating a stable monthly rental income of $5,800, inclusive of property taxes. The seller incurs a monthly common charge of $500. The property boasts a ceiling height ranging from 11 to 15 feet, offering considerable flexibility for future development or continued operation as a commercial space. With a Net Operating Income (NOI) of $59,323 and an asking price of $1,500,000, this property offers a 4% capitalization rate. This is a turnkey investment, generating immediate cash flow upon closing. The property's location within the bustling 8th Avenue business district ensures strong tenant demand and potential for future appreciation. This is a rare opportunity to acquire a well-situated commercial property in a thriving Brooklyn neighborhood. The single-unit building provides a straightforward investment with minimal management overhead. Don't miss this chance to secure a profitable addition to your investment portfolio.

    Property Features for 4018 8Th Ave

    General Information

    Property type
    Land
    Square Feet
    2,300 SF

    Building Details

    Units
    1

    HighLights

    • 2,500 SF lot with a 2,300 SF building in Sunset Park, Brooklyn (11232).
    • Currently leased to a box school with three years remaining on the lease, generating $5,800/month in rental income (less $500/month common charges).
    • 11‑15 foot ceilings.
    • $1,500,000 asking price with a 4% capitalization rate and $59,323 NOI.
    • Turnkey investment with immediate cash flow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Raul's boxing house ... Boxing Club Good Fortune Tuition ... School

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -73.9985075
    Latitude
    40.6465081

    Nearby Similar for Sale

    • New
      $2,495,000
      12,000 SF

      Brooklyn Multi-Unit Investment Opportunity

      Two contiguous buildings with 16 units in Columbia Waterfront District.
      96 Baltic St, Brooklyn, NY 11201
      View Details
    • New
      $1,585,000
      1,870 SF

      Two-Family Home in Greenwood Heights

      Two-family home with income potential in evolving Greenwood Heights.
      200 31St St, Brooklyn, NY 11232
      View Details
    • New
      $2,450,888
      3,200 SF

      Brooklyn Fourplex with High Income

      Updated 9-bedroom, 6.5-bath four-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $4,999,000
      3,060 SF

      Renovated Brownstone in Park Slope

      Impeccably renovated three-family brownstone in prime Park Slope location.
      645 Carroll St, Brooklyn, NY 11215
      View Details
    • New
      $7,250,000
      11,250 SF

      Renovated Commercial Building in Brooklyn

      Versatile commercial space in Bedford-Stuyvesant, ideal for owner-users.
      405 Gates Ave, Brooklyn, NY 11216
      View Details
    • $1,999,000
      2,700 SF

      Bedford-Stuyvesant Two-Family Townhouse

      Two-family townhouse in Bedford-Stuyvesant with income potential.
      427 Pulaski St, Brooklyn, NY 11221
      View Details
    • $1,650,000
      2,048 SF

      Renovated Two-Family Home, Brooklyn

      Newly renovated 2-family in Dyker Heights with rental potential.
      200 Bay 7Th St, Brooklyn, NY 11228
      View Details
    • $1,500,000
      4,522 SF

      Renovated Mixed-Use Corner Property

      Fully renovated mixed-use property in Gravesend/Bensonhurst, Brooklyn.
      248 Avenue P, Brooklyn, NY 11204
      View Details
    • $4,025,000
      0.06 Acres

      Turn-Key 9-Unit Investment Opportunity

      9-unit property in Bedford-Stuyvesant with $275K NOI.
      305 Sumpter St, Brooklyn, NY 11233
      View Details
    • New
      $3,999,999
      Pending

      Renovated Mixed-Use Brooklyn Property

      Fully renovated, occupied mixed-use property with strong income potential.
      850 Clarkson Ave, Brooklyn, NY 11203
      View Details
    • New
      $2,450,888
      0.05 Acres

      Brooklyn Multifamily Investment Opportunity

      Updated 9-bedroom, 6.5-bath legal 4-family with six apartments.
      354 Rutland Rd, Brooklyn, NY 11225
      View Details
    • $869,950
      Pending

      Vacant Three-Family Building in Brooklyn

      Vacant 3-family building in Ocean Hill, close to transportation.
      1936 Prospect Pl, Brooklyn, NY 11233
      View Details

    FAQs

    What type of property is this?
    Land - 2,500 SF lot, high-return investment.
    Where is this land located?
    The property is located at 4018 8Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 2,500 SF lot with a 2,300 SF building in Sunset Park, Brooklyn (11232).; Currently leased to a box school with three years remaining on the lease, generating $5,800/month in rental income (less $500/month common charges).; 11-15 foot ceilings.
    Request Owner's contact information
    4018 8Th Ave Brooklyn, NY 11232
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4018 8Th Ave
    Brooklyn, NY 11232
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4018 8Th Ave Brooklyn, NY 11232
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.