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4721 13th Avenue 4721 13th Ave 4 Unit Apartment Building $4,200,000 ($1,050,000/Unit) Brooklyn, NY 11219
Investment Highlights
- Mixed-Use Asset on Prime Corner
- Potential Condo/Value Add Play
- Long Term Ownership
Executive Summary
GFI Realty Services is pleased to present the exclusive offering of 4721 13th Avenue, a three-story mixed-use corner building located in the Borough Park section of Brooklyn, totaling approximately 7,000 square feet with an additional 1,500 buildable square feet. The property has been under long-term ownership for approximately 70 years and is comprised of two ground-floor retail units and four residential apartments, presenting an ideal condominium conversion or value-add opportunity. The asset is surrounded by a strong mix of local retailers and eateries and is conveniently located one block from the D subway line, offering excellent visibility and accessibility.
13th Avenue in Borough Park is a thriving commercial corridor with heavy daily pedestrian traffic and vehicular counts of approximately 8,000+ cars per day, dominated by independently owned businesses, with a notably high concentration of banks reflecting its strong local economy. The avenue is globally recognized and features kosher hotels and a wide range of specialty retail, dining, and religious goods tailored to the community.
13th Avenue in Borough Park is a thriving commercial corridor with heavy daily pedestrian traffic and vehicular counts of approximately 8,000+ cars per day, dominated by independently owned businesses, with a notably high concentration of banks reflecting its strong local economy. The avenue is globally recognized and features kosher hotels and a wide range of specialty retail, dining, and religious goods tailored to the community.
Property Facts
| Price | $4,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,050,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Sale Condition | Redevelopment Project | Building Size | 7,000 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | ||
| Zoning | C4-3 - Commercial district with local retail, offices, and residential mixed-use. | ||
| Price | $4,200,000 |
| Price Per Unit | $1,050,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 7,000 SF |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | C4-3 - Commercial district with local retail, offices, and residential mixed-use. |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 05629-0001 | Improvements Assessment | $580,500 |
| Land Assessment | $25,200 | Total Assessment | $605,700 |
Property Taxes
Parcel Number
05629-0001
Land Assessment
$25,200
Improvements Assessment
$580,500
Total Assessment
$605,700
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