4906 20Th Ave Brooklyn, NY 11204
- Retail space
- 3,159 SF
- 0.07 lot acres
Current Use by Public Records
- Pedulla Ceramic Tiles Inc. / Tile Store
Property Details for 4906 20Th Ave
- Year built
- 1931
- Lot size
- 0.07 lot acres
- Property size
- 3,159 SF
- Zone code
- M1-1
- Property type
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $440,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $335,000
- 7%
- $335,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $380,000
- Geo Method
- $350,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $360,000
- Retail
- $375,000
- Mixed-Use
- $375,000
- Hospitality
- $300,000
- Educational
- $360,000
- Residential Income
- $380,000
- Energy
- $360,000
- Income-Based Land
- $360,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9767
- Latitude
- 40.6257
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
