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4721-4723 Church Ave 11 Unit Apartment Building $5,200,000 ($472,727/Unit) 6.83% Cap Rate Brooklyn, NY 11203
INVESTMENT HIGHLIGHTS
- Prime corner location with 3 stores and 8 apts
EXECUTIVE SUMMARY
Prime Corner Location in Flatbush Neighborhood of Brooklyn.
Building Size: 10,400 Sq Ft.
Lot Size: 3,720 Sq Ft, 40 X 93, 3 Story
Building: 8 Apts and 3 Stores
Store #1: Corner Bakery $7,576 lease till 2/ 2030
Store#2: Smoke Shop $5,409 lease till 3/2030
Store#3: Church $2,784 8/2025
All stores have 3 % increases per annum
(2)1-Bed Apts, (4)2-bed Apts, (2)3-Bed Apts
1Bed Apt: $2,484, Sec 8,1 Bed Apt: $2,057, Sec 8, 2 Bed Apt: $2,762, Sec 8, 2 Bed Apt: $2,762, 2 Bed Apt: $2,762 , Sec 8, 2 Bed Apt: $2,762, Sec 8,3 Bed Apt/ 2 Bath: $3,084, 3 Bed Apt/ 2 Bath: $3,220
All apartments have their own heating, air conditioner, and hot water tanks.
PROPERTY INFORMATION:
Tax: $77,075,Insurance: $9,000,Electric: $1.500 Water: $6,800 Repairs: 8,000, Payroll: $8,000Heat, AC, Gas: Tenants Pay
GOI: $451,944.00 NOI: $355,063.00
Cap Rate: 6.8
Building Size: 10,400 Sq Ft.
Lot Size: 3,720 Sq Ft, 40 X 93, 3 Story
Building: 8 Apts and 3 Stores
Store #1: Corner Bakery $7,576 lease till 2/ 2030
Store#2: Smoke Shop $5,409 lease till 3/2030
Store#3: Church $2,784 8/2025
All stores have 3 % increases per annum
(2)1-Bed Apts, (4)2-bed Apts, (2)3-Bed Apts
1Bed Apt: $2,484, Sec 8,1 Bed Apt: $2,057, Sec 8, 2 Bed Apt: $2,762, Sec 8, 2 Bed Apt: $2,762, 2 Bed Apt: $2,762 , Sec 8, 2 Bed Apt: $2,762, Sec 8,3 Bed Apt/ 2 Bath: $3,084, 3 Bed Apt/ 2 Bath: $3,220
All apartments have their own heating, air conditioner, and hot water tanks.
PROPERTY INFORMATION:
Tax: $77,075,Insurance: $9,000,Electric: $1.500 Water: $6,800 Repairs: 8,000, Payroll: $8,000Heat, AC, Gas: Tenants Pay
GOI: $451,944.00 NOI: $355,063.00
Cap Rate: 6.8
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $5,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $472,727 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.83% | Building Size | 10,400 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1929/1990 |
| Property Subtype | Apartment | ||
| Zoning | R5, BrooklynC7) - mixed use zoning | ||
| Price | $5,200,000 |
| Price Per Unit | $472,727 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| Sale Condition | 1031 Exchange |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 10,400 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1929/1990 |
| Zoning | R5, BrooklynC7) - mixed use zoning |
AMENITIES
UNIT AMENITIES
- Tub/Shower
SITE AMENITIES
- On-Site Retail
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (76)
PROPERTY TAXES
| Parcel Number | 04673-0035 | Total Assessment | $775,350 (2025) |
| Land Assessment | $108,450 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $666,900 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
04673-0035
Land Assessment
$108,450 (2025)
Improvements Assessment
$666,900 (2025)
Total Assessment
$775,350 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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4721-4723 Church Ave
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