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Listed price in listed location currency (USD).
$1,200,000
$1,449,000

000

MLS® L3515046

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $7,352
Approx. Age 1931
MLS® Number L3515046

Property Address: 5012 4th Ave, Brooklyn, NY, 11220-1814

Average square foot calculated using Size range provided by listing agent.

Description

Introducing a compelling mixed-use investment opportunity now available for sale at 5012 4th Avenue, situated in the highly coveted Sunset Park neighborhood of Brooklyn. Nestled on a generously sized 20 ft x 80 ft lot, this property offers a total of 3, 812 square feet, consisting of one commercial unit and two free-market residential units. Its strategic positioning ensures exceptional visibility and convenient access to public transportation, while the vibrant surroundings offer an array of amenities such as dining establishments, cafes, and shops, rendering it an enticing choice for both residential and commercial tenants alike. Sunset Park is renowned for its cultural diversity, bustling streets, and its close proximity to the attractions of Brooklyn. Bordered by Park Slope and Green-Wood Cemetery to the north, Borough Park to the east, Bay Ridge to the south, and Upper New York Bay to the west, this neighborhood derives its name from the 24.5-acre public park situated between 41st and 44th Streets and Fifth and Seventh Avenues. This mixed-use investment property presents a remarkable value-add prospect for investors seeking robust cash flow and long-term appreciation. With stable occupancy rates already in place, there exists the potential for rental escalations and strategic renovations. The ownership will consider owner financing., Additional information: Rental Income:Y, vac_perc:33, Building Size:3812
MLS® NumberL3515046
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1931
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

Jun 13, 2024End Date
$1,200,000Sold Price

Sold

Nov 6, 2023List Date
$1,449,000List Price

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