$1,449,000
5012 4th AVE Sunset Park, NY 11220
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$1,449,000
Est. payment /mo
1,742 Sqft Lot
Pending
5012 4th AVE Sunset Park, NY 11220
UPDATED:
06/13/2024 06:50 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 3515046
Originating Board onekey
Rental Info No
Year Built 1931
Annual Tax Amount $7,352
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Introducing a compelling mixed-use investment opportunity now available for sale at 5012 4th Avenue, situated in the highly coveted Sunset Park neighborhood of Brooklyn. Nestled on a generously sized 20 ft x 80 ft lot, this property offers a total of 3,812 square feet, consisting of one commercial unit and two free-market residential units. Its strategic positioning ensures exceptional visibility and convenient access to public transportation, while the vibrant surroundings offer an array of amenities such as dining establishments, cafes, and shops, rendering it an enticing choice for both residential and commercial tenants alike. Sunset Park is renowned for its cultural diversity, bustling streets, and its close proximity to the attractions of Brooklyn. Bordered by Park Slope and Green-Wood Cemetery to the north, Borough Park to the east, Bay Ridge to the south, and Upper New York Bay to the west, this neighborhood derives its name from the 24.5-acre public park situated between 41st and 44th Streets and Fifth and Seventh Avenues. This mixed-use investment property presents a remarkable value-add prospect for investors seeking robust cash flow and long-term appreciation. With stable occupancy rates already in place, there exists the potential for rental escalations and strategic renovations. The ownership will consider owner financing.
Location
State NY
County Brooklyn
Zoning R7A/ C2-4
Interior
Heating Natural Gas
Fireplace No
Building
Story 3
Sewer Sewer
Others
Special Listing Condition None
Listed by Coldwell Banker Reliable R E • homes@cbreliable.com
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