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CORNER MIXED-USE BUILDING IN PRIME BAY RIDGE 8802 4th Ave 21 Unit Apartment Building For Sale Brooklyn, NY 11209
Investment Highlights
- Corner mixed-use building that is predominantly free market
- Just steps away from 86th St Subway Station serviced by the R train
- Four story 18,000 SF building with rear yard
- 6 commercial units and 12 apartments - 100% occupied
- Close proximity to 86th Street Retail Corridor
- Exempt from Good Cause Eviction until 2040 | C of O from 2010
Executive Summary
Cushman & Wakefield is pleased to offer to market 8802 4th Avenue, located in the Bay Ridge neighborhood of Brooklyn. The property sits prominently on the corner of 4th Avenue and 88th Street, offering excellent visibility. It is only steps away from the R train at the 86th Street station, providing tenants with seamless access to the rest of the city.
The 4-story building totals approximately 18,000 square feet on a 4,975 square foot lot. The mixed-use building features 18 units — 12 apartments and 6 commercial spaces — offering a well balanced income stream. The property is fully occupied, providing investors with stable, in-place income from day one.
8802 4th Avenue represents a rare opportunity to acquire a fully occupied, mixed-use corner building in one of Brooklyn’s most established and sought-after neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
The 4-story building totals approximately 18,000 square feet on a 4,975 square foot lot. The mixed-use building features 18 units — 12 apartments and 6 commercial spaces — offering a well balanced income stream. The property is fully occupied, providing investors with stable, in-place income from day one.
8802 4th Avenue represents a rare opportunity to acquire a fully occupied, mixed-use corner building in one of Brooklyn’s most established and sought-after neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Sale Type | Investment | Lot Size | 0.23 AC |
| No. Units | 21 | Building Size | 20,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 1.5/1,000 SF |
| Zoning | C4-2 - General commercial contextual zoning district | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1930 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | C4-2 - General commercial contextual zoning district |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06062-0034 | Improvements Assessment | $631,800 |
| Land Assessment | $179,100 | Total Assessment | $810,900 |
Property Taxes
Parcel Number
06062-0034
Land Assessment
$179,100
Improvements Assessment
$631,800
Total Assessment
$810,900
Contacts
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Jeremy Stern -
Dimitri Venekas -
Dylan Walsh -
Jon Squires -
Nick Kolbus -
Kieran Baker -
Austin Weiner -
Josh Neustadter -
Cushman & Wakefield
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