5411 4th Avenue,Brooklyn, NY 11220
Brooklyn, NY 11220
Description
Presenting an exceptional investment opportunity, a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling investment opportunity, boasting a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher. Constructed in 1931, this multi-family home encompasses approximately 4,551 square feet of living space on a 2,000 square foot lot. Its prime location places it amidst a plethora of retail stores, diverse shops, and a variety of restaurants along 4th, 5th, and 8th Avenues, providing residents with unparalleled convenience. The property is strategically situated just minutes from multiple [R & N] subway stations and bus stops, facilitating an effortless commute to Manhattan and other key areas. Additionally, the zoning districts R7A and C2-4, with a Floor Area Ratio (FAR) of 4, offer significant commercial conversion possibilities, presenting avenues for value addition and diversification. Sunset Park is renowned for its rich cultural tapestry and dynamic community atmosphere. The neighborhood's namesake park provides ample green space and recreational facilities, contributing to a lively atmosphere and strong sense of community. This property not only promises stable income through its current rent-stabilized units but also offers substantial upside potential through strategic enhancements and leveraging its prime location. Seize this rare opportunity to invest in a property that combines immediate financial benefits with promising future prospects in one of Brooklyn's most sought-after neighborhoods.
Details
| MLS # | 1027884 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1931 |
| Days On Site | 41 |
| Listing Provided By | RE/MAX Edge | Zaiyou Zhu |
Features
| SQ Feet | 4,551 |
|---|---|
| Basement | Y |
| Units | 6 |
| Zoning | R7A |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Other |
Exterior
| Construction Materials | Other |
|---|---|
| Foundation Details | Other |
Parking
| Parking Features | None |
|---|
Utilities
| Utilities | See Remarks |
|---|---|
| Sewer | Other |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 563400 |
| Tax Annual Amount | 14863 |
Area Information
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11220 |
| Listing VS Median (in 11220) | |
Price: $1,299,999 low | high Med: $1,350,000 sqft: 4,551 low | high Med: 5,100 $ / sqft: $286 low | high Med: $265 On site: 41 low | high Med: 139 | |
Market Activity 11220
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Learn More About This Property
| State | NY |
|---|---|
| County | Kings (Brooklyn) |
| City | Brooklyn |
| Zip Code | 11220 |
| Listing VS Median (in 11220) | |
Price: $1,299,999 low | high Med: $1,350,000 sqft: 4,551 low | high Med: 5,100 $ / sqft: $286 low | high Med: $265 On site: 41 low | high Med: 139 | |
 | $2,180,000448 55th StreetBrooklyn, NY 11220 |