Renovated Mixed-Use
946 4th Avenue, Brooklyn, NY 11232
For Sale
$3,800,000
Renovated mixed-use property with retail, finished basement, and two apartments near subway service.
Property Size3,258 SF
Price / SF$1,166
Days on Market50
Property Features for 946 4th Avenue
General Information
Standard status
Size
Property subtype
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Public Transit
Amenities
private rear terraces
sound proof windows
full kitchen
finished basement
foam insulated
train stop at location
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Kevin Stile
(718) 763-4110
Source:
Prideestates
Added: Sep 19
Changed: Oct 25
Last Checked: Nov 6 at 8:50AM
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 Bergen Basin Realty LLC
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Investment Insights
Based on property information with market context.
Renovated in 2018, this mixed-use building combines a ground-floor commercial unit with two two-bedroom apartments. The retail space includes a finished basement with high ceilings, a full kitchen, freezers, and a refrigerator. The commercial unit is served by two 7.5-ton AC units and one 5-ton unit, while the apartments have separate 4-ton and 3-ton AC systems. Full-building foam insulation and ongoing maintenance support the property's physical condition.
Each apartment includes one full bathroom, a private rear terrace, and soundproof windows. Tenants pay their own heat and electric. Subway service from the N and R trains is located at the property, with Industry City a few minutes away and two schools nearby. The location also benefits from pedestrian and vehicle activity. The building contains 3,258 square feet at 946 4th Avenue in Brooklyn, NY 11232.
Each apartment includes one full bathroom, a private rear terrace, and soundproof windows. Tenants pay their own heat and electric. Subway service from the N and R trains is located at the property, with Industry City a few minutes away and two schools nearby. The location also benefits from pedestrian and vehicle activity. The building contains 3,258 square feet at 946 4th Avenue in Brooklyn, NY 11232.
Key Highlights
- 2018 renovation with full‑building foam insulation
- Ground‑floor retail unit with finished basement, high ceilings, kitchen, freezers, and refrigerator
- Two 2‑bedroom apartments with private rear terraces and soundproof windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,236
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,124,720
$3.1M
Cap Rate 7%
$2,231,943
$2.2M
Cap Rate 9%
$1,735,956
$1.7M
Market Conditions
NOI Build-Up for 3,258 SF
Gross rent
$253.3K $77.76/SF
− Vacancy
−$30.1K −$9.25/SF
EGI
$223.2K $68.51/SF
− OpEx
−$67.0K −$20.55/SF
NOI
$156.2K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,124,720
Cap Rate 7%
$2,231,943
Cap Rate 9%
$1,735,956
Alternative Uses
Best Use
Retail
$2.23M
$1.95M – $2.60M
NOI $156,236 @ 7.0% cap · market cap 4.11%
Second Best
Mixed Use
$1.69M
$1.48M – $1.97M
NOI $118,265 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,834 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,117
Businesses Nearby
482k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 63%
Dining 20%
Shops & Services 12%
Groceries 4%
Costco Wholesale
Superstores
303,066 visits/mo
0.2 miles
McDonald's
Dining
61,940 visits/mo
0.0 miles
Speedway
Shops & Services
17,683 visits/mo
0.3 miles
Dunkin' Donuts
Dining
17,346 visits/mo
0.1 miles
Key Food
Groceries
17,068 visits/mo
0.4 miles
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
$782,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property with retail, finished basement, and two apartments near subway service.
Where is this mixed-use property located?
The property is located at 946 4th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: 2018 renovation with full‑building foam insulation; Ground‑floor retail unit with finished basement, high ceilings, kitchen, freezers, and refrigerator; Two 2‑bedroom apartments with private rear terraces and soundproof windows
