4906 20Th AveBrooklyn, NY 11204

Property Details for 4906 20Th Ave

Year built

1931

Lot size

0.07 AC

Property size (Sq ft)

3,159 SF

Zone code

M1-1

Property type

Retail properties

Property subtype

Retail space

APN

05464-0006

APU

54640006

Description

This exceptional 3,000-square-foot commercial property, located at 4906 20th Avenue in Brooklyn, NY, 11204, presents a unique opportunity for a single tenant. Situated in a high-traffic area with excellent visibility, this space boasts a 90-foot frontage on 20th Avenue, between McDonald Avenue and Avenue I. The property is zoned M1-1, allowing for a variety of uses, including retail, office, and restaurant establishments. The building offers a full basement, providing ample additional storage or expansion space. The strategic location offers immediate proximity to several established businesses, including Shop & Stop, Amazing Savings, Mattress Firm, and a NYC Fitness Club, ensuring high foot traffic and potential customer base. The entire 3,000 square feet is currently vacant and ready for immediate occupancy. This property is ideal for businesses seeking a prominent location with significant street presence in a thriving Brooklyn neighborhood. The single-tenant occupancy provides flexibility and control for the future occupant. This is a rare opportunity to secure a substantial commercial space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $767,747

  6.5%

  $708,690

  7%

  $658,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,040,142

  Geo Method

  $1,040,142

• Alternative Use

  Use

  Valuation

  Residential

  $597,806

  Hospitality

  $547,587

  Educational

  $455,586

  Medical

  $471,255

  Retail

  $708,690

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6257

Longitude

-73.9767

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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