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191 4th Avenue 191 4th Ave 5 Unit Apartment Building $6,233,580 CAD ($1,246,716 CAD/Unit) 8% Cap Rate Brooklyn, NY 11217
Executive Summary
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 will be delivered vacant at the closing
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 1,600-square-foot duplex with four bedrooms, making it ideal for generating premium rental income. Currently, the property is projected to generate $400,000 in gross income annually. very low expenses of a total of $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.
All five residential units and one store will be delivered vacant at the closing
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 1,600-square-foot duplex with four bedrooms, making it ideal for generating premium rental income. Currently, the property is projected to generate $400,000 in gross income annually. very low expenses of a total of $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.
Property Facts
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00949-0001 | Improvements Assessment | $1,860,269 CAD |
| Land Assessment | $24,240 CAD | Total Assessment | $1,884,509 CAD |
Property Taxes
Parcel Number
00949-0001
Land Assessment
$24,240 CAD
Improvements Assessment
$1,860,269 CAD
Total Assessment
$1,884,509 CAD
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191 4th Avenue | 191 4th Ave
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