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$ 4,250,000
Est. payment /mo
Active
191 4th AVE Brooklyn, NY 11217
6,240 SqFt
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $681
MLS Listing ID 501375
Year Built 1920
Annual Tax Amount $16,488
Property Sub-Type Mixed Use
Property Description
Welcome to an exceptional income-producing opportunity in the prime location of Park Slope. This solid brick corner property covers over 6,200 square feet across four stories and features a five-family residence alongside two commercial storefronts. All five residential units and one store are vacant, Zoning is C4- D4/R8A; this building has 8712 SqFt of unused air rights, The residential units include four well-maintained two-bedroom apartments and a spacious 1,500-square-foot duplex with four bedrooms, making it ideal for generating premium rental income. Currently, the property is projected to generate about $400,000 in gross income annually. very low expenses of a total of about $50,000 a year. Whether you are an investor seeking a stable asset in a high-demand area or an end-user looking for a valuable mixed-use property, this is a rare opportunity that you won't want to miss.
Location
State NY
County Kings (brooklyn)
Area Park Slope
Rooms
Basement Cellar
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Hardwood, Laminate
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Other
Building
Story 4
Foundation Stone
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by RE/MAX Edge
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Christina Girgenti
Broker Associate