4825 5Th AveBrooklyn, NY 11220

Property Details for 4825 5Th Ave

Year built

1914

Lot size

0.04 AC

Property size (Sq ft)

5,547 SF

Zone code

C43A

Property type

Investment properties

Property subtype

Live-work space

APN

00775-0001

APU

7750001

Description

This exceptional retail opportunity is located in the heart of Sunset Park, Kings County, offering a single-tenant space of 1,310 square feet. The property is a completely vacant, ground-floor commercial space, perfect for a variety of retail uses. Its prime corner location provides excellent visibility and accessibility for customers. The building itself boasts a spacious basement, adding significant value and potential for storage or expansion of business operations. This substantial basement area offers additional square footage beyond the main retail space, providing flexibility for inventory management, staff areas, or other business-related needs. The property's single-tenant occupancy ensures ease of management and control for the new owner or lessee. The 1,310 square feet of retail space presents a blank canvas for a business to establish its presence in a vibrant and growing community. This is an ideal opportunity for a business seeking a high-visibility location with ample space for operations and storage in a desirable Sunset Park neighborhood. The property's location in Kings County offers access to a diverse customer base and strong community ties. This turnkey retail space is ready for immediate occupancy and presents a unique chance to establish a thriving business in a prime commercial location. The absence of existing tenants allows for complete customization and design to perfectly suit the needs of the incoming business. This is a rare opportunity to secure a well-positioned retail space in a sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $917,085

  6.5%

  $846,540

  7%

  $786,073

• Comparable approach

  Method

  Valuation

  Relative Method

  $724,771

  Geo Method

  $724,771

• Alternative Use

  Use

  Valuation

  Residential

  $1,049,709

  Hospitality

  $961,528

  Educational

  $799,980

  Medical

  $827,493

  Retail

  $1,244,414

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6456

Longitude

-74.0094

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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