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526 4th Avenue

BROOKLYN, NY 11215
  • $3,750,000
  • STATUS: Closed
  • ON SITE: 481 Days
  • MLS #: 471328
Sold - 11/20/2023
$3,750,000
SOLD - 11/20/2023
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,456
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1931
Area:

School Ratings & Info

Description

Perfect for a Builder! This is a Corner Mix-Use, 7 Family with 2 stores plus a 2+ car garage located on prime 4th Avenue in Park Slope. 7 Apartment units and garage are delivered VACANT; 2 stores are still occupied with short term leases. With the Rezoning on 4th Avenue and Air Rights combined, a builder can build upwards of 12-17+ stories. Approximately 50K+ buildable square feet including affordable housing. The basement is full and each unit has it's own hot water heater. Featuring 12 Bedrooms & 9 Baths! Apartments can be rented AS IS, Renovated to the new owner's specs, or broken down to build a brand new Beautiful Work of Art. This is a Prime Brick Corner Property that won't last long so bring only serious buyers with their POF for showings. Annual Projected ROI is just around $350K with lots of upside potential yearly with a Cap Rate of 5.1%. This building has 2 addresses: 526-528 4th Ave and 181 14th Street.Please note, the above information is approximate figures and are subject to change!

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-05-18T14:00:40.213.
www.theteampagano.com/homes/136343778
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526 4th Avenue BROOKLYN, NY 11215

  • Price: $5,900,000
  • Status: Closed
  • On Site: 481 Days
  • Updated: 81 min ago
  • MLS #: 471328
0
Beds
0
Baths
0
½ Baths
0.07
Acres
8,456
SQFT
$0
$/SQFT
1931
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Park Slope
Property Description
Perfect for a Builder! This is a Corner Mix-Use, 7 Family with 2 stores plus a 2+ car garage located on prime 4th Avenue in Park Slope. 7 Apartment units and garage are delivered VACANT; 2 stores are still occupied with short term leases. With the Rezoning on 4th Avenue and Air Rights combined, a builder can build upwards of 12-17+ stories. Approximately 50K+ buildable square feet including affordable housing. The basement is full and each unit has it's own hot water heater. Featuring 12 Bedrooms & 9 Baths! Apartments can be rented AS IS, Renovated to the new owner's specs, or broken down to build a brand new Beautiful Work of Art. This is a Prime Brick Corner Property that won't last long so bring only serious buyers with their POF for showings. Annual Projected ROI is just around $350K with lots of upside potential yearly with a Cap Rate of 5.1%. This building has 2 addresses: 526-528 4th Ave and 181 14th Street.Please note, the above information is approximate figures and are subject to change!
Exterior Features

Building Length 30.00 Building Width 22.00 Commercial Features Exterior Doors - 10 ft and under Construction Materials Brick Exterior Brick Loading Docks Drive-In Lot Size Length 93 Lot Size Width 33 Parking Attributes 2 SpacesAttached Garage Parking Feature Private Drive Roof Flat Yard None

Interior Features

Basement Amenities FullSeparate Entrance Building Footprint Sq Ft 660 Ceiling Height 8-10 Foot Commercial Features Interior Fire - Smoke Alarm Flooring HardwoodParquet Foundation Details Poured Concrete Heat Delivery Hot Air Lavatories 4+

Property Features

Block 1033 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name 14th street Cross Street Name2 13th street Electric Circuit Breakers Financing Bank MortgageCash Fuel Expense 8000.00 Gross Income 282348 Heating Fuel Gas Hot Water Electric Insurance Expense 6000.00 Lot Number 43 Lot Size Irregular YN 1 Miscellaneous Expense 5000.00 Net Operating Income 243102.00 Number Of Families 7 Number Of Stores 2 Property Sub Type Mixed Use Property Type Mixed Use Rent Income 282348 Sale Type Arm's Length Tax Amount 15220.00 Transaction Type Sale Utility Expense 1500.00 Zoning R8A

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of Hot Homes Realty LLC.: (718) 788-5435.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-05-18T14:00:40.213.
 
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