57 4Th Ave Brooklyn, NY 11217
- Retail properties
- 4,526 SF
Current Use by Public Records
- New China Wok / Chinese Restaurant / Asian Restaurant
- Radical Storage - Luggage Storage Atlantic Terminal / Luggage Storage Facility / Luggage Store
- The One Breakfast Burrito / Restaurant
- Canteen Delicatessen and Cafe / Takeout Restaurant / Sandwich Shop
Property Details for 57 4Th Ave
- Property size
- 4,526 SF
- Property type
- Retail properties
- Property subtype
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9793
- Latitude
- 40.6825
