Mixed-Use Building on 4th
For Sale
$1,999,000
924 4th Avenue, Brooklyn, NY 11232
Mixed-use building with five apartments and two commercial units.
Property Size4,000 SF
Price / SF$499.75
Days on Market315
Property Features for 924 4th Avenue
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Mixed Use
Listing Agency:
RE/MAX
(347) 721-6599
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Aug 4 at 2:50AM
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 RE/MAX
Investment Insights
Based on property information with market context.
This four-story brick mixed-use building features five free-market rental apartments, a commercial office, and a highly visible storefront, which is divided into two commercial units. The property also includes a full basement and a large backyard. Situated on a busy, high-traffic commercial corridor on 4th Avenue, the building is located in the Sunset Park/Greenwood Heights area, surrounded by essential amenities. This property is an investment opportunity for a user/owner seeking to utilize the commercial space for their own business while collecting rental income. The building's total size is 4000 square feet.
Key Highlights
- Projected annual rent roll over $200,000.
- Mixed‑use building with 5 free market apartments and 2 commercial units (storefront and office).
- Located on a high‑traffic commercial corridor in Sunset Park/Greenwood Heights.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.0k | $66.00 |
| − Vacancy | −$31.7k | −$7.92 |
| EGI | $232.3k | $58.08 |
| − OpEx | −$87.1k | −$21.78 |
| NOI | $145.2k | $36.30 |
4,000 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.74M
$2.40M – $3.20M
NOI $191,818 @ 7.0% cap · market cap 9.60%
Second Best
Mixed Use
$2.07M
$1.82M – $2.42M
NOI $145,200 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,958
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with five apartments and two commercial units.
Where is this mixed-use property located?
The property is located at 924 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Projected annual rent roll over $200,000.; Mixed‑use building with 5 free market apartments and 2 commercial units (storefront and office).; Located on a high‑traffic commercial corridor in Sunset Park/Greenwood Heights.
