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    Bay Ridge Corner Retail Opportunity Title is generated by Realmo AI

    9302 4th Avenue, Brooklyn, NY 11209

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    Claim this Listing
    For Sale
    $1,999,000

    COMMERCIAL - Brooklyn, NY

    Property size:
    2,320 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $861/SF
    Added:
    May 5, 2026
    Days on Market:
    32
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 9302 4th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R6A
    Basement
    Finished, Full
    Standard status
    Active
    Size
    2,320 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    26550

    Building Details

    Year built
    1926
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    Shaojie (Jayden) Liang

    Listing agent Shaojie (Jayden) Liang

    Listing office ProBase Real Estate 289 Kings Highway, Brooklyn, NY

    Listing date May 5, 2026

    MLS# 501140

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location at 4th Avenue and 93rd Street in Bay Ridge offers high visibility and foot traffic.
    • 2,320 SF of ground‑level retail space plus a fully finished basement with separate entrance.
    • R6A zoning allows for potential future redevelopment or mixed‑use conversion.
    • Located in an established retail corridor surrounded by national and local retailers and a dense residential population.
    • Convenient transportation access: next to the R train station and the B8 Bus.
    • Flexible layout options suitable for restaurant, retail, medical, or service businesses.

    Overview

    This commercial property is located at the corner of 4th Avenue and 93rd Street in Bay Ridge, Brooklyn. The vacant building offers approximately 2,320 square feet of ground-level retail space, along with a fully finished basement that has a separate entrance. The building size is 30x77. The property's R6A zoning allows for potential redevelopment or mixed-use conversion. The location benefits from high visibility and strong foot traffic within an established retail corridor. The property is surrounded by both national and local retailers and a dense residential population. Convenient transportation access is available, with the R train station and the B8 Bus nearby. The flexible layout options are suitable for various uses, including restaurant, retail, medical, or service businesses. This property is an opportunity for both end-users and investors seeking long-term value.

    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 (±1% cap)
    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 (±1% cap)
    NOI $134,467 @ 7.0% cap · market cap 6.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cocoa Grinder - Gold Cafe & Coffee Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.030892
    Latitude
    40.617416

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    FAQs

    What type of property is this?
    Retail space - Prime Brooklyn commercial building with high visibility and redevelopment potential.
    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: Prime corner location at 4th Avenue and 93rd Street in Bay Ridge offers high visibility and foot traffic.; 2,320 SF of ground‑level retail space plus a fully finished basement with separate entrance.; R6A zoning allows for potential future redevelopment or mixed‑use conversion.
    (646) 407-6668
    We can help!
    Listing Contact
    Shaojie (Jayden) Liang
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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