4721 Church AveBrooklyn, NY 11203

For Sale
$4,700,000
High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional mixed-use investment property, located at 4721-4723 Church Avenue in Brooklyn, Kings County, New York (zip code 11203), presents a compelling opportunity for discerning investors. The portfolio comprises eight buildings, totaling 10,400 square feet across three stories, situated on a 3,720 square foot lot. The property is currently generating a substantial net operating income (NOI) of $332,500.72, translating to an attractive 7.07% capitalization rate. The asking price for this multi-tenancy retail and mixed-use asset is $4,700,000. This prime location in Brooklyn offers significant potential for future growth and appreciation. The property's strong cash flow and established tenancy make it an ideal addition to any diversified investment portfolio. With its strategic location and impressive financial performance, this offering represents a rare opportunity to acquire a high-yield, multi-building investment in a thriving New York City neighborhood. The property's size and configuration provide flexibility for a variety of uses and potential redevelopment opportunities. Detailed financial statements and property information are available upon request. This is a turnkey investment ready for immediate income generation. Don't miss this chance to secure a valuable asset in a rapidly appreciating market.

Highlights

  • $4,700,000 asking price.
  • Mixed-use retail property in Brooklyn, NY.
  • 10,400 square feet.
  • 7.07% cap rate.
  • $332,500.72 Net Operating Income (NOI).
  • Eight buildings on a 3,720 square foot lot.

Property Details for 4721 Church Ave

Property type
Retail properties, Mixed-use properties
Square Feet
10,400 SF
Buildings
8
Stories
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6518802
Longitude
-73.9325152
4721 Church Ave, Brooklyn, New York

FAQs

What type of property is this?
Retail property - High-Yield Retail Investment Opportunity
Where is the retail property located?
The property is located at 4721 Church Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: $4,700,000 asking price.; Mixed-use retail property in Brooklyn, NY.; 10,400 square feet.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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4721 Church Ave
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