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Property profile & analytics
OFF-MARKET Estimated value $24,390,000
Retail residential properties

635 4th Ave Brooklyn, NY 11232-1001

80,234 SF 0.23 ac lot Built 2016
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US63-2069521
Property summary
AI-generated overview

This exceptional 7,200 square foot Class A retail space, located at the base of The Alexey, a 12-story luxury residential building in Brooklyn's South Slope/Greenwood area, presents a unique investment opportunity. Boasting 75 feet of wrap-around frontage on 4th Avenue and 19th Street, the space features floor-to-ceiling windows providing abundant natural light and high visibility. Built in 2018 and renovated in 2020, the space includes concrete floors, an ADA-compliant bathroom, and ample storage. Its open floor plan is adaptable to various business needs and can be subdivided. The Alexey benefits from a built-in consumer base of 91 luxury residential units within the building. The location offers exceptional accessibility, with convenient access to the D, F, G, N, R, and W subway lines (Prospect Avenue Station, 5-minute walk). High vehicular traffic volume (nearly 70,000 vehicles daily on the Prospect Expressway, 35,000 at the 4th and 19th Street intersection) ensures significant foot traffic. A substantial consumer base exists within a 3-mile radius (1.027 million residents, $9.3 million in consumer spending). This prime location and impressive features make this retail space an ideal investment.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2016
Total area 80,234 SF
Lot 0.23 ac (10,033 SF)
Zoning code R8A
APN 00634-0001
UPID US63-2069521
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • New York Wolfpack Animal Training
  • L'Insolent Coffee Cafe & Coffee Shop
  • National Maritime Union-Amer Advocacy Group
  • The Alexey Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$24.39M
Owner & transaction history
635 4th Avenue Holdings LLC · 12 yrs held
635 4th Avenue Holdings LLC
since 2013
4 recorded transactions
2016
Price N/A
2013
$10.0M
2008
Price N/A
1969
Price N/A
Zoning & alternative use
R8A · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $38.4M +21.6%
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