5001 4th Avenue,Brooklyn, NY 11220
Brooklyn, NY 11220
Description
MYNY is proud to present an exceptional investment opportunity in the heart of Sunset Park, Brooklyn. This corner mixed-use property occupies a highly visible location at the intersection of 4th Avenue and 50th Street. Conveniently situated near Sunset Park and offering quick access to the Brooklyn-Queens Expressway (I-278), the property benefits from excellent transportation connectivity. A bus stop located directly beside the building further enhances accessibility and contributes to strong pedestrian traffic. This income-producing asset consists of four commercial units and six residential apartments, generating a gross annual rental income of $298,284 and offering an attractive 6.85% return based on a purchase price of $3,900,000. The ground floor is fully occupied by four established commercial tenants, including a restaurant, hair salon, tax office, and clothing store. All residential and commercial tenants are operating under active leases and have demonstrated a strong rent payment history. The residential component consists of six updated apartments, including three 3-bedroom units and three 2-bedroom units, all rented at market rates except the super unit. The 3-bedroom apartments enjoy beautiful water views overlooking the Bay Ridge Channel. Residents and visitors can also enjoy panoramic views from the rooftop, featuring both waterfront scenery and views of the Manhattan skyline. With its prime corner location, stable rental income, strong tenant mix, and outstanding views, this property offers significant long-term value and future upside potential for investors seeking a quality mixed-use asset in one of Brooklyn’s most vibrant neighborhoods.
Details
| MLS # | 1012759 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 91 |
| Listing Provided By | MYNY Residential | Yin C. Koh |
Features
| SQ Feet | 7,400 |
|---|---|
| Basement | Y |
| Story(s) | 4 |
| Units | 10 |
| Zoning | R7A |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Natural Gas |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 24000 |
| Tax Lot | 0010 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11220 |
| Listing VS Median (in 11220) | |
Price: $3,990,000 low | high Med: $1,350,000 sqft: 7,400 low | high Med: 5,100 $ / sqft: $539 low | high Med: $265 On site: 91 low | high Med: 155 | |
Market Activity 11220
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11220 |
| Listing VS Median (in 11220) | |
Price: $3,990,000 low | high Med: $1,350,000 sqft: 7,400 low | high Med: 5,100 $ / sqft: $539 low | high Med: $265 On site: 91 low | high Med: 155 | |
 | $1,480,0005907 4th AvenueBrooklyn, NY 11220 |