$2,195,000
Updated 2 years ago
Off Market

503 4th Ave

Park Slope, Brooklyn | 12th Street & 13th Street

12 Rooms3 Beds2 Baths3,750 Square FeetMixed Use

$2,195,000
floors / apts3 / 1
Lot Size25'x50'
Built Size25'x50'
ZoneC44D
Building TypeLow-Rise
RE Taxes$27,779
Price Per SF
$585

Building Amenities

  • Voice Intercom

Property Description for 503 4th Ave

Prime Park Slope Mixed Use Property.

Current set up includes 1 free market apartment, 2 office spaces, and a fully finished basement. No leases in place. Will be delivered vacant. Estimated Cap Rate 5%.The top floor corner apt is a spacious light filled 2 bedroom with a home office or easily convert to a 3 bed.
The office spaces have high ceilings and can easily be divided into smaller shared office space.

The finished basement features 7.5 ft ceilings and can be used for additional office space and ample storage.

The property is located a short distance away from the F, G, & R subway lines. It is also near all the desirable retail, restaurants and amenities along 5th Avenue, blocks away from Prospect Park and easy access to the Expressway and Brooklyn Battery Tunnel.

Shown by appt only. A great investment opportunity!

Listing History for 503 4th Ave

Now
03/05/2024
POM by Jennifer Wang
Corcoran
02/15/2024
$2,195,000
Initial Price by Jennifer Wang
Corcoran

Building Details for 503 4th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts3/1
Learn More About the Building

Transit and Citi Bike

Subway

4 Av-9 St
0.16 miles
Prospect Av
0.22 miles
Smith-9 Sts
0.49 miles

Citi Bike

12 St & 4 Ave
0.04 miles
14 St & 5 Ave
0.14 miles

Contact Agents

Contact Agents

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 94403TH