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4512 3rd Ave 5,120 SF Retail Building Brooklyn, NY 11220 $2,500,000 ($488.28/SF) 6.90% Cap Rate

Retail Spaces New York Brooklyn 4512 3rd Ave, Brooklyn, NY 11220

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Investment Highlights

  • No History of Rent Regulation: The property was previously converted from a 3-family over retail to a 5-family over retail
  • Owner User Potential: Ground floor commercial unit and residential units have leases expiring within the next two years
  • Mixed-Use Asset Profile: Residential units above commercial space provide diversified income streams and long-term demand
  • Significant Upside in Rent Roll: Residential units are in livable condition, but would benefit from light renovation to maximize rents.
  • Ground Floor Built Full: Ground floor is built full 20’ x 100’, providing ample space for retail and a valuable private terrace

Executive Summary

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,120 SF
Building Class
C
Year Built
1910
Price
$2,500,000
Price Per SF
$488.28
Cap Rate
6.90%
NOI
$172,478
Tenancy
Single
Building Height
4 Stories
Building FAR
2.56
Lot Size
0.05 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
M1-2D
Frontage
22’ on 3rd Ave

Links

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Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (95)
Bike Score®
Very Bikeable (84)
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Nearby Major Retailers

Key Food
Chase Bank
Citi
PureGym
Compare Foods
Bravo Supermarkets
Planet Fitness
Starbucks
Tex's Chicken & Burgers
CTown

Property Taxes

Parcel Number 00745-0046 Improvements Assessment $360,000
Land Assessment $4,950 Total Assessment $364,950

Property Taxes

Parcel Number
00745-0046
Land Assessment
$4,950
Improvements Assessment
$360,000
Total Assessment
$364,950
(347) 370-4379

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 39226690

  • Date on Market: 1/27/2026

  • Last Updated:

  • Address: 4512 3rd Ave, Brooklyn, NY 11220

More public record information on 4512 3rd Ave, Brooklyn, NY 11220

The Sunset Park Retail Property at 4512 3rd Ave, Brooklyn, NY 11220 is currently available. Contact Matthews Real Estate Investment Services for more information.

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4512 3rd Ave
(347) 370-4379 x

4512 3rd Ave

Matt Wendorff
(347) 370-4379

DJ Johnston
(914) 584-7422

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