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6916 4th Ave 3,623 SF 100% Leased Retail Building Brooklyn, NY 11209 $2,380,000 ($656.91/SF) 4.28% Cap Rate



Executive Summary
Great news for investors! Presenting a mixed-use building with an R7B overlay and C2-3 zoning, just minutes from the train station and Great news for investors! This mixed-use building with an R7B overlay and C2-3 zoning is just minutes from the train station and close to everything Bay Ridge has to offer. The ground-floor commercial space is leased to a restaurant business with three years remaining on the lease and a 2% annual rent increase. The second and third floors each feature four bedrooms, a living room, a kitchen, and a full bathroom, with both residential units currently tenant-occupied without leases. With a prime location and strong rental income, this is an opportunity you don’t want to miss! Conveniently close to everything Bay Ridge has to offer. The ground-floor commercial space is currently leased to a restaurant business with 3 years remaining on the lease and a 2% annual rent increase. The second floor features four bedrooms, a living room, a kitchen, and a full bathroom, while the third floor mirrors the same layout with four bedrooms. Both residential units are currently tenant-occupied without leases.
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 |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,623 SF
Building Class
C
Year Built
1935
Price
$2,380,000
Price Per SF
$656.91
Cap Rate
4.28%
NOI
$101,774
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.77
Lot Size
0.03 AC
Zoning
R7B - Medium-density apartment house district with lower parking requirements
Frontage
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05872-0048 | Improvements Assessment | $80,280 (2026) |
| Land Assessment | $25,500 (2026) | Total Assessment | $105,780 (2026) |
Property Taxes
Parcel Number
05872-0048
Land Assessment
$25,500 (2026)
Improvements Assessment
$80,280 (2026)
Total Assessment
$105,780 (2026)
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6916 4th Ave
