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listing
1 of 7
Commercial
$5,900,000
526 4th Avenue
Brooklyn, NY 11215
Listing Provided Courtesy of Hot Homes Realty LLC.
MLS: Brooklyn New York MLS
8,456Sq Ft
Est. Mortgage
$30,555/mo

Perfect for a Builder! This is a Corner Mix-Use, 7 Family with 2 stores plus a 2+ car garage located on prime 4th Avenue in Park Slope. 7 Apartment units and garage are delivered VACANT; 2 stores are still occupied with short term leases. With the Rezoning on 4th Avenue and Air Rights combined, a builder can build upwards of 12-17+ stories. Approximately 50K+ buildable square feet including affordable housing. The basement is full and each unit has it's own hot water heater. Featuring 12 Bedrooms & 9 Baths! Apartments can be rented AS IS, Renovated to the new owner's specs, or broken down to build a brand new Beautiful Work of Art. This is a Prime Brick Corner Property that won't last long so bring only serious buyers with their POF for showings. Annual Projected ROI is just around $350K with lots of upside potential yearly with a Cap Rate of 5.1%. This building has 2 addresses: 526-528 4th Ave and 181 14th Street. Please note, the above information is approximate figures and are subject to change!

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Data last updated: 04/24/2024 06:48 PM
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