250 4Th Ave Brooklyn, NY 11215
- Investment properties
- 4,960 SF
- 0.05 lot acres
Current Use by Public Records
- Wild Mind / Mental Health Service
Property Details for 250 4Th Ave
- Year built
- 1931
- Lot size
- 0.05 lot acres
- Property size
- 4,960 SF
- Zone code
- C4-4D
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 00448-0037
- APU
- 4480037
Description
This exceptional mixed-use investment opportunity in Brooklyn, New York, presents two buildings totaling a store and five apartments. Located at 250 4th Ave, in the 11215 zip code, this property offers a compelling combination of commercial and residential income streams. The asking price is $3,799,000, representing a strong 5.82% capitalization rate. The front building comprises a retail store and three apartments, while the rear building houses two additional apartments. The property's strong performance is reflected in its impressive Net Operating Income (NOI) of $221,280. This figure demonstrates the consistent rental income generated by the combined commercial and residential units. The property's location in Brooklyn, NY, offers excellent access to transportation, amenities, and a vibrant community. This is an ideal investment for those seeking a stable, high-yield property with a proven track record of profitability. The property's solid NOI and attractive cap rate make it a particularly attractive opportunity in the current market. This turnkey investment requires minimal effort to maintain its current high level of performance. Serious inquiries are encouraged to explore this lucrative investment opportunity further.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $290,000
- 6.5%
- $290,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $230,000
- Retail
- $260,000
- Mixed-Use
- $250,000
- Hospitality
- $315,000
- Educational
- $275,000
- Residential Income
- $225,000
- Energy
- $270,000
- Income-Based Land
- $285,000
- Food Service
- $245,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.984
- Latitude
- 40.6767
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
