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5411 4Th Ave Brooklyn, NY 11220

Apartment buildings Google Maps
4,551 SF 0.05 ac lot Built 1931
Entity Owned 10-yr Hold ~ Est. High Equity
Estimated value (blended)
$925k
Range $833k – $1.02M (±10%)
Property ID US63-0870570

Property summary

AI-generated overview

This exceptional commercial property, located at 5411 4th Avenue in Brooklyn, New York, presents a unique investment opportunity. Boasting a substantial 4,551 square feet of space, the property offers significant potential for a variety of commercial uses. The building's size and layout provide ample room for customization and adaptation to suit diverse business needs. Its strategic location in Brooklyn offers excellent accessibility and visibility, placing it within reach of a large and diverse customer base. The property is situated on a lot with no acreage, indicating a compact and efficient footprint. The asking price of $1,480,000 represents a compelling value proposition for investors seeking a strong foothold in the vibrant Brooklyn commercial market. Given its size and location, this property is ideally suited for businesses seeking a prominent presence in a high-traffic area. The absence of additional land allows for focused development and efficient use of the existing space. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. This is an exceptional chance to acquire a substantial commercial property in a prime Brooklyn location.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1931
Total area 4,551 SF
Lot 0.05 ac (2,000 SF)
Zoning code R7A
APN 00823-0005
UPID US63-0870570

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$925k

Owner & transaction history

since 2015
6 recorded transactions
2015
$1.3M
2011
$480,000
2011
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R7A · Brooklyn, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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