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$ 2,260,000
Est. payment /mo
Active
5222 4th AVE Brooklyn, NY 11220
3,960 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,960 sqft
Price per Sqft $570
MLS Listing ID 503790
Year Built 1931
Annual Tax Amount $7,283
Lot Dimensions 18.17 x 100
Property Sub-Type Mixed Use
Property Description
Prime Sunset Park location! Excellent mixed-use investment property featuring 1 commercial store + 2 residential units, offering strong income and exceptional investment potential. Current rental income totals $14,225/month ($170,700 annually), with a potential return of 7%+ based on the current asking price and stated expense structure. The 1st-floor commercial space is leased at $8,500/month, with approximately 5 years remaining on the lease. The 2nd-floor unit rents for $2,800/month and the 3rd-floor unit for $2,925/month; both are currently delivered without leases, providing flexibility for investors or owner-users.
Tenants are responsible for major operating expenses, including real estate taxes, water, heat, and hot water, helping keep owner expenses low. Separate heating, water, and hot-water systems make property management easier and improve expense control. The property is zoned R7A/C2-4, offering potential for future expansion and additional development, subject to applicable regulations.
Located on busy 4th Avenue with excellent visibility and heavy pedestrian and vehicular traffic. The R subway station is just steps away, with multiple bus routes nearby. Surrounded by shops, banks, schools, restaurants, and a wide variety of services, this vibrant, high-density Sunset Park community offers convenient access to everyday amenities.
A rare opportunity combining strong current rental income, relatively low owner expenses, flexible residential occupancy options, and potential future development upside. Motivated seller welcomes serious offers. Don't miss this excellent Sunset Park investment opportunity!
Tenants are responsible for major operating expenses, including real estate taxes, water, heat, and hot water, helping keep owner expenses low. Separate heating, water, and hot-water systems make property management easier and improve expense control. The property is zoned R7A/C2-4, offering potential for future expansion and additional development, subject to applicable regulations.
Located on busy 4th Avenue with excellent visibility and heavy pedestrian and vehicular traffic. The R subway station is just steps away, with multiple bus routes nearby. Surrounded by shops, banks, schools, restaurants, and a wide variety of services, this vibrant, high-density Sunset Park community offers convenient access to everyday amenities.
A rare opportunity combining strong current rental income, relatively low owner expenses, flexible residential occupancy options, and potential future development upside. Motivated seller welcomes serious offers. Don't miss this excellent Sunset Park investment opportunity!
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R7A - C2-4
Rooms
Basement Full
Interior
Interior Features Heated, Kitchen, Other
Hot Water Gas
Heating Gas
Flooring Other
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Slab Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Re/Max Real Estate Professiona
