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    Property profile & analytics
    OFF-MARKET
    Retail properties & Spaces

    57 4Th Ave, Brooklyn, NY 11217

    4,526 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 57 4th Avenue in the heart of Park Slope, Brooklyn, presents a unique investment opportunity. The building boasts 4,526 square feet and features five units, all of which are three-bedroom, two-bathroom apartments with luxury finishes and free-market leases. The building is a four-story walk-up situated on a 1,573 square foot lot at the corner of 4th Avenue and Bergen Street, offering unparalleled convenience and visibility. The property generates a substantial net operating income (NOI) of $278,686. A significant advantage is the inclusion of 4,939 square feet of air rights, providing considerable potential for future expansion or development. Its prime location offers easy access to over ten subway lines and is just one block from the Barclays Center, ensuring high occupancy rates and strong rental demand. The asking price is $5,200,000, and attractive assumable debt at a 4.28% interest rate is available. This presents a compelling opportunity for investors seeking a high-performing asset in a highly desirable Brooklyn neighborhood.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Total area 4,526 SF
    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 China Wok Restaurant
    • Radical Storage - Luggage Storage Atlantic Terminal Storage Facility
    • The One Breakfast Burrito Restaurant
    • Canteen Delicatessen and Cafe Cafe & Coffee Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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