4721 Church AveBrooklyn, NY 11203

Property Details for 4721 Church Ave

Year built

1929

Lot size

0.09 AC

Property size (Sq ft)

10,467 SF

Zone code

R5

Property type

Retail residential properties

APN

04673-0035

APU

46730035

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,145,830

  6.5%

  $1,980,766

  7%

  $1,839,282

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,119,808

  Geo Method

  $2,119,808

• Alternative Use

  Use

  Valuation

  Residential

  $1,980,766

  Hospitality

  $1,814,371

  Educational

  $1,509,535

  Medical

  $1,561,450

  Retail

  $2,348,166

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6519

Longitude

-73.9325

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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