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    Investment properties

    922 4Th Ave, Brooklyn, NY 11232

    4,000 SF 0.04 ac lot Built 1926
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-0870844
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 922 4th Avenue in Brooklyn, New York, presents a compelling investment opportunity. The building, a solid brick structure, encompasses 4,000 square feet across four stories and sits on a 1,600 square foot lot. It features seven residential units and one ground-floor storefront, currently generating an approximate annual rental income of $156,000. The property is zoned M1-2D, offering flexibility for future development or expansion. Situated on a bustling commercial corridor of 4th Avenue in the desirable Greenwood Heights/Sunset Park neighborhood, this location benefits from excellent access to public transportation and abundant shopping options. This turnkey investment is ideal for those seeking a stable, high-yield property in a prime Brooklyn location. The asking price is $2,150,000 and is offered as a 1031 exchange opportunity. This well-maintained building offers a strong cash flow and significant potential for long-term appreciation. The property's solid construction and consistent rental income make it an attractive investment for both seasoned and new investors. Don't miss this chance to acquire a prized piece of Brooklyn real estate.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1926
    Total area 4,000 SF
    Lot 0.04 ac (1,600 SF)
    Zoning code M12D
    APN 00688-0038
    UPID US63-0870844
    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
    • Western Union Bank Credit Union
    • MoneyGram Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.38M
    Owner & transaction history
    922 4th Avenue LLC · 6 yrs held
    922 4th Avenue LLC
    since 2019
    3 recorded transactions
    2020
    2019
    $1.5M
    1969
    Zoning & alternative use
    M12D · Brooklyn, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $2.2M +39.9%
    Warehouse, storage $1.9M +21.6%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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