Property Description for 944 4th Ave
944 4th Avenue - Rarely available mixed use property on prime block next to the 36th Street train station (D,N,R) in Sunset Park/Greenwood Heights. Just one block from Industry City. 7% cap rate! This is an exceptional opportunity for a savvy investor or user/owner seeking to use the commercial space for their own thriving business while enjoying a steady stream of rental income from the renovated 2 BR apartments upstairs.
The foot traffic for a commercial space like this rarely becomes available. The raw commercial space can be built out to suit many different businesses. Great frontage - ideal location for Cafe, Deli, Restaurant, Food, etc. There are approximately 853 square feet of unused FAR which can easily be expanded into the spacious back yard.
Building dimensions are 20 x 36 on a 82 foot lot and Zoned for M1. The building class is S-2 - Primarily 2 family with one store or office.
The two residential units above the store offer flexible layouts and are fully renovated with quartz counter tops, new cabinetry, stainless steel appliances, renovated bathrooms, and hardwood floors. The residential units have separate metered heat and hot water systems which tenants pay separately. Building can be delivered vacant.
