4924 13Th Ave Brooklyn, NY 11219
- Retail residential properties
- 5,400 SF
- 0.05 lot acres
Current Use by Public Records
- 13 ave Jewelry / (Bike/Boat/Book/etc) Store
- W / Bakery / Specialty Food Shop
- MIRI 2.0 / Clothing & Fashion Store
Property Details for 4924 13Th Ave
- Year built
- 1920
- Lot size
- 0.05 lot acres
- Property size
- 5,400 SF
- Zone code
- C4-3
- Property type
- Retail residential properties
- APN
- 05641-0046
- APU
- 56410046
Description
This exceptional three-story, 5,400 square foot commercial building is located on a high-traffic section of 13th Avenue in Boro Park, Brooklyn, NY. The property features eight commercial units: four street-level storefronts and four office spaces situated on the second and third floors. Built of solid brick, this corner building sits on a 2,017 square foot lot. The building boasts 11-15 foot ceilings and is currently generating over $200,000 in annual rental income, with a projected rental income exceeding $300,000. The building's configuration allows for a savvy investor to acquire a high-yield investment property, or for a user/owner to occupy commercial space while collecting substantial rental income from the remaining units. The full finished basement provides additional income-generating storage space. Tenants are responsible for their own utilities. This rare opportunity presents a significant upside potential in a highly desirable Brooklyn location. The asking price is $4,495,000. The property's address is 4924 13th Avenue, Brooklyn, NY 11219.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,105,000
- 6.5%
- $1,940,000
- 7%
- $1,800,000
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Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.9929
- Latitude
- 40.6347
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA