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Map
$2,200,000
↓ $225K (9.5%)
●
House -
For Sale
922 4th Avenue
Sunset Park, NY 11232
Studio
0 Bath
$12,063
Estimated Monthly
$0
HOA / Fees
1.11%
Cap Rate
About This Property
Calling All Investors, Developers, & End-Users!!! 8 Unit Mixed-Use
Building In Sunset Park For Sale!!! The Property Features Excellent
Signage, Great Exposure, Strong M1-2D Zoning, 6 Parking Spaces,
High 10' Ceilings, Separate Meters, Low Property Taxes, New Boiler,
New Electric, Fenced Yard, All New LED Lighting, A/C, +++!!! The
Property Is Located In The Heart Of Sunset Park 1 Block From
Industry City & The Gowanus Expressway (I-278)!!! Neighbors Include
BMW, Toyota, Nissan. UPS, Chase Bank, The Home Depot, TD Bank,
Costco, Dunkin', NYU Langone, Holiday Inn Hotels, McDonald's, Duane
Reade, Rite Aid, Micro Center, Petco, +++!!! This Property Offers
HUGE Upside Potential!!! This Could Be Your Next Development Site /
Home For Your Business!!! Income: Small World Money
Transfer (750 Sqft.): $32,400 Ann. + $1,500 Towards Tax Bill.; 3%
Ann. Inc.; Lease Exp.: 7/1/2025. They Pay 25% Of Tax Over The Base
& Their Own Water. LL (1,200 Sqft.): $18,000 Ann.
(Available) Unit 1 (1 Br. Apt.): $16,740 Ann.; Lease
Exp.: 4/1/24. Unit 2R (1 Br. Apt.): $17,832 Ann.; Lease
Exp.: 3/1/24. Unit 2F (1 Br. Apt.): $16,800 Ann.;
Lease Exp.: 5/1/24. Unit 3R (1 Br. Apt.): $17,100 Ann.;
Lease Exp.: 4/1/24. Unit 3F (1 Br. Apt.): $12,900 Ann.;
Lease Exp.: 3/1/24. Unit 4R (1 Br. Apt.): $27,600 Ann.;
Lease Exp.: 6/1/24. Unit 4F (1 Br. Apt.): $16,740 Ann.;
Lease Exp.: 4/1/24. Pro Forma Gross Income: $177,612 Ann.
Expenses: Gas : $1,520 Ann. (Heat + Hot Water
Only For Entire Building) Electric: $0 Ann. Water +
Sewer: $6,500 Ann. Maintenance + Repairs: $250 Ann.
Insurance: $2,823 Ann. Taxes: $15,124
Ann. Total Expenses: $26,217 Ann. Net
Operating Income (NOI): $151,395 Ann.
Unit Size
-
Days on Market
206 days
Land Size
0.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,260
HOA Dues
-
Year Built
1926
Listed By
Last updated: 3 months ago (OneKey MLS #ONE3508624)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 13, 2024 | Price Decreased |
$2,150,000
↓ $225K
(9.5%)
|
|
Price Decreased | |||
Mar 12, 2024 | Listed by RE/MAX Real Estate Professiona | $2,375,000 | |
Listed by RE/MAX Real Estate Professiona | |||
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A TRULY INCREDIBLE INVESTMENT PROPERTY IN A MOST DESIRABLE
GREENWOOD HEIGHTS/SUNSET PARK LOCATION- 7 FAMILY + 1 STOREFRONT
MIXED-USE SOLID BRICK BUILDING ON A BUSY & BUSTLING 4th AVE
COMMERICIAL CORRIDOR- SURROUNDED BY ALL TRANSPORTATION &
SHOPPING... APPROX. RENT ROLL IS $156,000/YEAR- DON'T MISS OUT ON
THIS OUTSTANDING OPPORTUNITY TO OWN A PRIZED PIECE OF REAL ESTATE
IN ONE OF BROOKLYN'S MOST SOUGHT-AFTER & PREMIER NEIGHBORHOODS...
THIS MONEY MAKING BUILDING RUNS LIKE…
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Mar 3, 2024 | No longer available | - | |
No longer available | |||
Nov 27, 2023 | Price Decreased |
$2,200,000
↓ $100K
(4.4%)
|
|
Price Decreased | |||
Oct 30, 2023 | Price Decreased |
$2,300,000
↓ $50K
(2.1%)
|
|
Price Decreased |
Show More
Property Highlights
Exterior Details
Property Information
Square Footage : 6588
Property Type: Commercial Sale
Property Sub Type: Mixed Use
Year Built: 1926
Building Information
Building Area Units: Square Feet
Lot Information
Lot Size Acres: 0.04
Lot Size Square Feet: 1600
Lot Size Dimensions: 20x80
Financial Details
Tax Annual Amount: $15,124
Location Details
Directions: 34th Street To 4th Avenue
County or Parish: Brooklyn
Other Details
On Market Date: 2023-10-04
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
House
3
Beds
3
Baths
2,000 ft²
$1,150/ft²
$2,300,000
Dec 13, 2016
$2,300,000
Aug 8, 2017
-
House
3
Beds
3
Baths
770 ft²
$2,987/ft²
$2,300,000
Dec 13, 2016
$2,300,000
Jun 23, 2017
-
House
4
Beds
3
Baths
1,886 ft²
$1,246/ft²
$2,350,000
May 10, 2023
$2,350,000
Jul 18, 2023
-
Sold
Other
Loft
2
Baths
3,426 ft²
$598/ft²
$2,050,000
Apr 7, 2022
$2,050,000
May 12, 2023
$610/mo
House
4
Beds
3
Baths
-
$2,475,000
Jun 5, 2023
$2,475,000
Sep 12, 2023
-
Active
Townhouse
Stu
6.5
Baths
2,700 ft²
$703/ft²
$1,898,000
Jan 30, 2024
-
$6,067/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
09/08/2023
|
|
Loft
|
-
|
4000 ft²
|
$2,388,000
Loft
-
4000 ft²
|
-
-
|
-
|
Mahmoud Ahmed
Homes R Us Realty of NY, Inc.
|
08/31/2022
|
|
Loft
|
-
|
-
|
$2,375,000
Loft
-
|
-
-
|
-
|
Serafino DeSimone
Desimone Real Estate
|