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6916 4th Ave 3,623 SF 100% Leased Retail Building Brooklyn, NY 11209 $3,322,290 CAD ($917.00 CAD/SF) 4.28% Cap Rate



EXECUTIVE SUMMARY
Great news for investors! Presenting a mixed-use building with an R7B overlay and C2-3 zoning, just minutes from the train station and Great news for investors! This mixed-use building with an R7B overlay and C2-3 zoning is just minutes from the train station and close to everything Bay Ridge has to offer. The ground-floor commercial space is leased to a restaurant business with three years remaining on the lease and a 2% annual rent increase. The second and third floors each feature four bedrooms, a living room, a kitchen, and a full bathroom, with both residential units currently tenant-occupied without leases. With a prime location and strong rental income, this is an opportunity you don’t want to miss! Conveniently close to everything Bay Ridge has to offer. The ground-floor commercial space is currently leased to a restaurant business with 3 years remaining on the lease and a 2% annual rent increase. The second floor features four bedrooms, a living room, a kitchen, and a full bathroom, while the third floor mirrors the same layout with four bedrooms. Both residential units are currently tenant-occupied without leases.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,623 SF
Building Class
C
Year Built
1935
Price
$3,322,290 CAD
Price Per SF
$917.00 CAD
Cap Rate
4.28%
NOI
$142,068 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.77
Lot Size
0.03 AC
Zoning
R7B - Medium-density apartment house district with lower parking requirements
Frontage
Walk Score®
Walker's Paradise (92)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (82)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05872-0048 | Improvements Assessment | $82,459 CAD (2025) |
| Land Assessment | $35,981 CAD (2025) | Total Assessment | $118,439 CAD (2025) |
PROPERTY TAXES
Parcel Number
05872-0048
Land Assessment
$35,981 CAD (2025)
Improvements Assessment
$82,459 CAD (2025)
Total Assessment
$118,439 CAD (2025)
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6916 4th Ave
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