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436 4th Ave
Brooklyn, NY 11215
Retail Property For Sale
Investment Highlights
- Rare opportunity to own a solid brick mixed-use building in the heart of Park Slope.
Executive Summary
Rare opportunity to own a solid brick mixed-use building in the heart of Park Slope. This property features four residential units which are currently vacant along with two spacious ground-floor commercial/retail spaces, offering strong income potential and long-term stability. Two of the residential units include private outdoor space, providing added appeal for tenants or future end-users. Located in one of Park Slope’s most desirable and convenient corridors, the building sits just minutes from public transportation, major retail, and the Barclays Center. Additional buildable square footage allows for potential expansion, affordable housing development, or luxury condo conversion (subject to architect/engineer verification). An exceptional opportunity for developers, investors, or end-users seeking a prime location and a high-performing asset in one of Brooklyn’s most sought-after neighborhoods.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,500 SF
Building Class
C
Year Built
1925
Price
$3,299,000
Price Per SF
$733.11
Cap Rate
5.45%
NOI
$179,860
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.58
Lot Size
0.04 AC
Zoning
C4-4D, G - Regional commercial center located outside of the central business districts
Frontage
30’ on 4th Ave
Property Taxes
| Parcel Number | 01003-0036 | Improvements Assessment | $807,750 |
| Land Assessment | $5,400 | Total Assessment | $813,150 |
Property Taxes
Parcel Number
01003-0036
Land Assessment
$5,400
Improvements Assessment
$807,750
Total Assessment
$813,150
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