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CORNER MIXED-USE BUILDING IN PRIME BAY RIDGE 8802 4th Ave 21 Unit Apartment Building $10,449,825 CAD ($497,611 CAD/Unit) Brooklyn, NY 11209
Investment Highlights
- Corner mixed-use building that is predominantly free market
- Just steps away from 86th St Subway Station serviced by the R train
- Four story 18,000 SF building with rear yard
- 6 commercial units and 12 apartments - 100% occupied
- Close proximity to 86th Street Retail Corridor
- Exempt from Good Cause Eviction until 2040 | C of O from 2010
Executive Summary
Cushman & Wakefield is pleased to offer to market 8802 4th Avenue, located in the Bay Ridge neighborhood of Brooklyn. The property sits prominently on the corner of 4th Avenue and 88th Street, offering excellent visibility. It is only steps away from the R train at the 86th Street station, providing tenants with seamless access to the rest of the city.
The 4-story building totals approximately 18,000 square feet on a 4,975 square foot lot. The mixed-use building features 18 units — 12 apartments and 6 commercial spaces — offering a well balanced income stream. The property is fully occupied, providing investors with stable, in-place income from day one.
8802 4th Avenue represents a rare opportunity to acquire a fully occupied, mixed-use corner building in one of Brooklyn’s most established and sought-after neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
The 4-story building totals approximately 18,000 square feet on a 4,975 square foot lot. The mixed-use building features 18 units — 12 apartments and 6 commercial spaces — offering a well balanced income stream. The property is fully occupied, providing investors with stable, in-place income from day one.
8802 4th Avenue represents a rare opportunity to acquire a fully occupied, mixed-use corner building in one of Brooklyn’s most established and sought-after neighborhoods.
Please direct all inquiries to Cushman & Wakefield.
Property Facts
| Price | $10,449,825 CAD | Building Class | C |
| Price Per Unit | $497,611 CAD | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.5/1,000 SF |
| Zoning | C4-2 - General commercial contextual zoning district | ||
| Price | $10,449,825 CAD |
| Price Per Unit | $497,611 CAD |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1930 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | C4-2 - General commercial contextual zoning district |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- On-Site Retail
- Recycling
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 21 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06062-0034 | Improvements Assessment | $885,190 CAD |
| Land Assessment | $250,930 CAD | Total Assessment | $1,136,120 CAD |
Property Taxes
Parcel Number
06062-0034
Land Assessment
$250,930 CAD
Improvements Assessment
$885,190 CAD
Total Assessment
$1,136,120 CAD
Contacts
-
Dimitri Venekas -
Dylan Walsh -
Jon Squires -
Nick Kolbus -
Kieran Baker -
Austin Weiner -
Josh Neustadter -
Jeremy Stern -
Cushman & Wakefield
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Videos
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Photos
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Street
Map
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CORNER MIXED-USE BUILDING IN PRIME BAY RIDGE | 8802 4th Ave
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