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4801 16th Ave
Brooklyn, NY 11204
4801 16th Avenue, Borough Park, NY 11204 · Retail Property For Sale
Investment Highlights
- Directly across from Chase Bank on McDonald Avenue, the property benefits from exceptional corner visibility with strong vehicular and foot traffic
- Mixed-use building offering turnkey residential and retail leasing opportunities
- Corner lot established in one of the most prominent retail corridors in Brooklyn offering owner user, investment, or redevelopment opportunity
Executive Summary
Home to Lieberman's Luncheonette for over 60 years, this prominent corner has been a proven Borough Park retail destination.
Offering a rare corner opportunity in Borough Park, Brooklyn, this property. This approximately 1,600-square-foot, two-story corner building is offered for sale in the heart of Borough Park, Brooklyn. Situated along one of the neighborhood's established commercial corridors, the property presents an opportunity for an owner-user, investor, or redevelopment, subject to applicable zoning and approvals. Built in 1931, the property occupies a 20' 40' corner lot zoned R6/C1-3, offering approximately 2,300 square feet of additional development potential.
Positioned on a prominent corner along 16th Avenue and directly across from Chase Bank, the property benefits from strong visibility and pedestrian and vehicular exposure. The property is situated within an established commercial corridor featuring a diverse mix of retail, restaurant, and financial services.
Located in Borough Park, Brooklyn, the property is served by the F train at 18th Avenue, the D train at 55th Street, and the B8 and B11 bus routes. McDonald Avenue, Ocean Parkway, and the Gowanus Expressway provide access to Lower Manhattan in approximately 30 minutes by car and 35 minutes by subway, depending on traffic and service conditions.
Offering a rare corner opportunity in Borough Park, Brooklyn, this property. This approximately 1,600-square-foot, two-story corner building is offered for sale in the heart of Borough Park, Brooklyn. Situated along one of the neighborhood's established commercial corridors, the property presents an opportunity for an owner-user, investor, or redevelopment, subject to applicable zoning and approvals. Built in 1931, the property occupies a 20' 40' corner lot zoned R6/C1-3, offering approximately 2,300 square feet of additional development potential.
Positioned on a prominent corner along 16th Avenue and directly across from Chase Bank, the property benefits from strong visibility and pedestrian and vehicular exposure. The property is situated within an established commercial corridor featuring a diverse mix of retail, restaurant, and financial services.
Located in Borough Park, Brooklyn, the property is served by the F train at 18th Avenue, the D train at 55th Street, and the B8 and B11 bus routes. McDonald Avenue, Ocean Parkway, and the Gowanus Expressway provide access to Lower Manhattan in approximately 30 minutes by car and 35 minutes by subway, depending on traffic and service conditions.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
C
Year Built
1931
Price
$2,800,000
Price Per SF
$1,750
Cap Rate
6.07%
NOI
$170,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
2.00
Lot Size
0.02 AC
Zoning
R6, C1-3 - R6 is a medium-density residential zone. C1-3 is a commercial overlay mapped within residential districts to permit local retail on the ground floor.
Frontage
105’ on 16th Avenue
Amenities
- Corner Lot
- Restaurant
- Storage Space
Property Taxes
| Parcel Number | 05448-0010 | Improvements Assessment | $94,050 |
| Land Assessment | $15,750 | Total Assessment | $109,800 |
Property Taxes
Parcel Number
05448-0010
Land Assessment
$15,750
Improvements Assessment
$94,050
Total Assessment
$109,800
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