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    4022 8Th Ave Brooklyn, NY 11232

    Sponsored
    For Sale
    $2,500,000

    8th Ave Office, High Potential

    Property size:
    4,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 4022 8th Avenue in Brooklyn, NY 11232, presents a unique investment opportunity. The duplex consists of two commercial condominium units totaling 4,000 square feet, situated on a 2,500 square foot lot. The building is two stories high, boasting ceiling heights ranging from 8 to 10 feet. Currently, the property is occupied by a senior citizens activity center under a lease with four years remaining, generating a monthly rent of $8,700, which includes a 4% annual increase. The current Net Operating Income (NOI) stands at $77,310, resulting in a 3% capitalization rate. The asking price for this turnkey investment is $2,500,000. This prime location on 8th Avenue in the bustling Kings County business district offers significant potential for future growth and diverse business applications. The property's existing tenant provides immediate cash flow, while the substantial square footage and strategic location present numerous possibilities for long-term value appreciation. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a highly desirable Brooklyn neighborhood. Serious inquiries only.

    Property Features for 4022 8Th Ave

    General Information

    Property type
    Specialty properties
    Square Feet
    4,000 SF

    Building Details

    Stories
    2
    Units
    1

    HighLights

    • 4,000 SF duplex commercial condo in Brooklyn, NY, on a 2,500 SF lot.
    • Two‑story building with 8‑10 ft ceilings.
    • Currently leased to a senior center with four years remaining, generating $8,700/month rent (4% annual increase).
    • $77,310 annual NOI, 3% cap rate.
    • Asking price: $2,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Happy Adult Day ... Adult Day Care Center

    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
    -73.9985139
    Latitude
    40.6464336

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    FAQs

    What type of property is this?
    Specialty property - 8th Ave Office, High Potential
    Where is this specialty property located?
    The property is located at 4022 8Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 4,000 SF duplex commercial condo in Brooklyn, NY, on a 2,500 SF lot.; Two-story building with 8-10 ft ceilings.; Currently leased to a senior center with four years remaining, generating $8,700/month rent (4% annual increase).
    Request Owner's contact information
    4022 8Th Ave Brooklyn, NY 11232
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    Brooklyn, NY 11232
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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
    4022 8Th Ave Brooklyn, NY 11232
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