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    4201-4209 Avenue U Brooklyn, NY 11230

    For Sale
    $3,500,000

    10,000 SF, 100% Occupied, High NOI

    Property size:
    2,653 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 10,000 square foot, multi-tenant retail strip center located in Brooklyn, NY, at 4201-4209 Avenue U & 2175 Hendrickson Street. The property boasts 100 feet of frontage and is situated directly across from the prominent Kings Plaza Shopping Center, ensuring high visibility and foot traffic. The portfolio comprises four ground-floor retail stores, all currently leased at 100% occupancy, generating a substantial net operating income (NOI) of $235,256. The asking price is $3,500,000, representing a compelling 4.30% cap rate. Built in 1972, the two-story building features a total net rentable area of 10,000 square feet, with individual store sizes ranging from 2,653 to 4,350 square feet. The property benefits from flexible lease terms with demolition clauses allowing for re-tenanting opportunities. Conveniently located near major transportation, including the Avenue U Subway Station (2.0 miles) and a B3 bus stop directly in front, this property offers excellent accessibility. The zoning is R4, C2-2, and a Community Facility FAR bonus of 2.0 is available. Nearby landmarks include Floyd Bennett Field, Aviator Sports and Events Center, Marine Park, and Marine Park Golf Course. This is a rare opportunity to acquire a well-positioned, high-performing retail portfolio in a thriving Brooklyn location.

    Property Features for 4201-4209 Avenue U

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,653 SF

    Building Details

    Year Built
    1972
    Stories
    2

    HighLights

    • 100' frontage, 10,000 SF corner retail strip center with four occupied ground floor retail stores.
    • 3,000 SF retail building (4201 Ave U) with two stores on a 50' x 60' lot.
    • 4,350 SF retail building (4209 Ave U) with two stores on a 50' x 60' lot.
    • 2,650 SF retail building (1275 Hendrickson St) connected to 4201 Ave U.
    • Leases contain demolition clauses for re‑tenanting; 2.0 Community Facility FAR bonus.
    • Across from Kings Plaza Shopping Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon 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
    NY
    State
    New York
    Longitude
    -73.9653715
    Latitude
    40.6190629

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    FAQs

    What type of property is this?
    Individual retail property - 10,000 SF, 100% Occupied, High NOI
    Where is this individual retail property located?
    The property is located at 4201-4209 Avenue U Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: 100' frontage, 10,000 SF corner retail strip center with four occupied ground floor retail stores.; 3,000 SF retail building (4201 Ave U) with two stores on a 50' x 60' lot.; 4,350 SF retail building (4209 Ave U) with two stores on a 50' x 60' lot.
    Request Owner's contact information
    4201-4209 Avenue U Brooklyn, NY 11230
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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
    4201-4209 Avenue U Brooklyn, NY 11230
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