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Property profile & analytics
FOR SALE
Retail residential properties

4924 13Th Ave Brooklyn, NY 11219

5,400 SF 0.05 ac lot Built 1920
Entity Owned 3-yr Hold Free & Clear
Property ID
US63-1686825
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1920
Total area 5,400 SF
Lot 0.05 ac (2,000 SF)
Zoning code C4-3
APN 05641-0046
UPID US63-1686825
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 13 ave Jewelry (Bike/Boat/Book/etc) Store
  • W Bakery Specialty Food Shop
  • MIRI 2.0 Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.94M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.51M
Owner & transaction history
4924 13th Avenue Corp. · 3 yrs held
4924 13th Avenue Corp.
since 2023
5 recorded transactions
2023
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C4-3 · Brooklyn, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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