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    4711 8Th Ave Brooklyn, NY 11220

    Sponsored
    For Sale
    $4,680,000

    Prime Brooklyn location, 6,300 sq ft, $4.68M

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional commercial land opportunity in the vibrant Sunset Park neighborhood of Brooklyn, New York, presents a compelling investment prospect. Located at 4711 8th Avenue, this property boasts a substantial 6,300 square feet of space spread across two levels, situated on a 3,500 square foot lot. The ground floor offers approximately 3,150 square feet of readily usable commercial space, ideal for retail or a variety of commercial ventures. The building's total area of 6,300 square feet provides ample room for expansion or diverse uses. The property's strategic location on 8th Avenue in Sunset Park offers excellent visibility and accessibility, ensuring high foot traffic and convenient access to public transportation and local amenities. The property's versatility and substantial size present significant potential for future development and growth, making it an attractive investment for discerning buyers seeking a prime commercial location in a thriving Brooklyn neighborhood. The asking price is $4,680,000. This is a must-see opportunity for those seeking a high-potential commercial property in a rapidly developing area. The property is located in Kings County (Brooklyn), New York, with a zip code of 11220. The ceiling height is noted as "Other" in the property records.

    Property Features for 4711 8Th Ave

    General Information

    Property type
    Land
    Square Feet
    6,300 SF

    Building Details

    Stories
    2
    Units
    1

    HighLights

    • $4,680,000 asking price.
    • 6,300 square foot, two‑story commercial land.
    • Located at 4711 8th Avenue, Brooklyn, NY 11220.
    • 3,500 square foot lot size.
    • Features a 3,150 square foot ground floor commercial space, ideal for retail or other commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Demming Electrical Electrician Livenrich Intl of USA ... Charity Chisai Tse Do Internist Sunny Herbal Center ... Store Paris Wedding Brooklyn Wedding Photographer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.002033
    Latitude
    40.6423834

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    FAQs

    What type of property is this?
    Land - Prime Brooklyn location, 6,300 sq ft, $4.68M
    Where is this land located?
    The property is located at 4711 8Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,680,000.
    What are key features of this property?
    This property features: $4,680,000 asking price.; 6,300 square foot, two-story commercial land.; Located at 4711 8th Avenue, Brooklyn, NY 11220.
    Request Owner's contact information
    4711 8Th Ave Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    4711 8Th Ave Brooklyn, NY 11220
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