57 4Th AveBrooklyn, NY 11217

Property Details for 57 4Th Ave

Property size (Sq ft)

4,526 SF

Property type

Retail properties

Property subtype

Mixed-use properties

Description

This exceptional mixed-use property, located at 57 4th Avenue in the heart of Park Slope, Brooklyn, presents a unique investment opportunity. The building boasts 4,526 square feet and features five units, all of which are three-bedroom, two-bathroom apartments with luxury finishes and free-market leases. The building is a four-story walk-up situated on a 1,573 square foot lot at the corner of 4th Avenue and Bergen Street, offering unparalleled convenience and visibility. The property generates a substantial net operating income (NOI) of $278,686. A significant advantage is the inclusion of 4,939 square feet of air rights, providing considerable potential for future expansion or development. Its prime location offers easy access to over ten subway lines and is just one block from the Barclays Center, ensuring high occupancy rates and strong rental demand. The asking price is $5,200,000, and attractive assumable debt at a 4.28% interest rate is available. This presents a compelling opportunity for investors seeking a high-performing asset in a highly desirable Brooklyn neighborhood.

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6825

Longitude

-73.9793

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