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9218 4th Ave 3 Unit Apartment Building $1,999,999 ($666,666/Unit) 8% Cap Rate Brooklyn, NY 11209
Executive Summary
Prime Bay Ridge Mixed-Use Investment Opportunity! Welcome to 9218 4th Avenue, Brooklyn, NY 11209, a well-maintained mixed-use property offering outstanding income and investment potential. Ideal for investors, business owners, or owner-occupants, this versatile building features a vacant ground-floor commercial space and two spacious residential apartments. The commercial unit was previously operated as a restaurant and is being delivered vacant with existing restaurant equipment, offering an approximate 20×75 layout and an excellent opportunity to reopen a restaurant or convert it to another business use (subject to applicable approvals). The second and third floors each feature a 3-bedroom, 1-bathroom apartment, providing strong rental income potential. The property is equipped with three heating furnaces and three hot water tanks, allowing separate utilities for the commercial and residential units. Conveniently located near the R train, local bus routes, shopping, restaurants, schools, and major highways, this is a rare opportunity to own a high-visibility, income-producing property in the heart of Bay Ridge. Don't miss this incredible opportunity - schedule your private showing today!
Property Facts
| Price | $1,999,999 | Apartment Style | Low-Rise |
| Price Per Unit | $666,666 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 0.05 AC |
| Cap Rate | 8% | Building Size | 3,894 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1926 |
| Property Subtype | Apartment | ||
| Zoning | R6A - A medium-density residential zone where mandatory Quality Housing regulations apply. | ||
| Price | $1,999,999 |
| Price Per Unit | $666,666 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,894 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Zoning | R6A - A medium-density residential zone where mandatory Quality Housing regulations apply. |
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06103-0037 | Improvements Assessment | $84,000 |
| Land Assessment | $25,740 | Total Assessment | $109,740 |
Property Taxes
Parcel Number
06103-0037
Land Assessment
$25,740
Improvements Assessment
$84,000
Total Assessment
$109,740
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9218 4th Ave