Corner Retail Building with
9302 4th Avenue Brooklyn, NY 11209
9302 4th Avenue, Brooklyn, NY, 11209
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For Sale
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Vacant corner retail building with ground-level space plus a fully finished basement featuring a separate entrance.
Property Size2,320 SF
Price / SF$861.64
Days on Market77
Property Features for 9302 4th Avenue
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1926
Listing Agency
ProBase Real Estate
(718) 210-2727
Listed by
Shaojie Liang · License #NY
Source
Crexi
Added: May 6 Updated: Jul 20 at 6:18 pm Checked: Jul 20 at 6:18 pm
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Investment Insights
Based on property information with market context.
Vacant corner commercial building offering approximately 2,320 square feet of ground-level retail space and a fully finished basement. The basement includes a separate entrance, supporting flexible layout options for a range of commercial uses. The building measures 30 by 77.
Located at the highly visible corner of 4th Avenue and 93rd Street in Brooklyn, the property benefits from convenient transportation access, including being right next to the R train station and the B8 bus.
The site is described as having R6A zoning. The property is listed as a potential end-user or investor opportunity; any redevelopment or mixed-use conversion would require consultation with an architect.
Located at the highly visible corner of 4th Avenue and 93rd Street in Brooklyn, the property benefits from convenient transportation access, including being right next to the R train station and the B8 bus.
The site is described as having R6A zoning. The property is listed as a potential end-user or investor opportunity; any redevelopment or mixed-use conversion would require consultation with an architect.
Key Highlights
- Vacant Bay Ridge corner commercial building at 4th Avenue and 93rd Street
- Approximately 2,320 SF ground‑level retail space plus a fully finished basement
- Fully finished basement has a separate entrance
Local Financial Insights For Retail
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 | $180.4k | $77.76 |
| − Vacancy | −$21.5k | −$9.25 |
| EGI | $158.9k | $68.51 |
| − OpEx | −$47.7k | −$20.55 |
| NOI | $111.3k | $47.95 |
2,320 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.59M
$1.39M – $1.85M
NOI $111,255 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,467 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cocoa Grinder - Gold
Cafe & Coffee Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Vacant corner retail building with ground-level space plus a fully finished basement featuring a separate entrance.
Where is this retail space located?
The property is located at 9302 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: Vacant Bay Ridge corner commercial building at 4th Avenue and 93rd Street; Approximately 2,320 SF ground‑level retail space plus a fully finished basement; Fully finished basement has a separate entrance
