$1,449,000
Updated 2 years ago
Off Market

5012 4th Ave

Sunset Park, Brooklyn | 50th Street & 51st Street

10 Rooms6 Beds2.5 Baths3,812 Square FeetMixed Use

$1,449,000
floors / apts3 / 2
Lot Size20'x80'
Built Size20'x57'
ZoneR7A
Building TypeLow-Rise
RE Taxes$7,352
Price Per SF
$380

Building Amenities

  • Voice Intercom

Property Description for 5012 4th Ave

Introducing a compelling mixed-use investment opportunity now available for sale at 5012 4th Avenue, situated in the highly coveted Sunset Park neighborhood of Brooklyn. Nestled on a generously sized 20 ft x 80 ft lot, this property offers a total of 3,812 square feet, consisting of one commercial unit and two free-market residential units. Its strategic positioning ensures exceptional visibility and convenient access to public transportation, while the vibrant surroundings offer an array of amenities such as dining establishments, cafes, and shops, rendering it an enticing choice for both residential and commercial tenants alike. Sunset Park is renowned for its cultural diversity, bustling streets, and its close proximity to the attractions of Brooklyn. Bordered by Park Slope and Green-Wood Cemetery to the north, Borough Park to the east, Bay Ridge to the south, and Upper New York Bay to the west, this neighborhood derives its name from the 24.5-acre public park situated between 41st and 44th Streets and Fifth and Seventh Avenues. This mixed-use investment property presents a remarkable value-add prospect for investors seeking robust cash flow and long-term appreciation. With stable occupancy rates already in place, there exists the potential for rental escalations and strategic renovations. The ownership will consider owner financing.

Listing History for 5012 4th Ave

Now
03/22/2024
POM by Joseph T. Hamdan
MYNY Residential
2024

Building Details for 5012 4th Ave

OwnershipMixed Use
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts3/2
Learn More About the Building

Transit and Citi Bike

Subway

53 St
0.1 miles
45 St
0.24 miles
59 St
0.42 miles

Citi Bike

53 St & 4 Ave
0.13 miles
47 St & 3 Ave
0.2 miles

Contact Agent

Contact Agent

Licensed As
Joseph T. Hamdan
Broker
License#:
10491211727
Company:
MYNY Residential
Joseph T. Hamdan
MYNY Residential
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: 88039TH