Check Availability
$2,200,000
↓ $225K (9.5%)
House - For Sale

922 4th Avenue

Sunset Park, NY 11232
bedrooms
Studio
bathrooms
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
Richard Matt Shane
All Island Estates Realty Corp
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
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…
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

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
Stu
-
-
$1,850,000 Nov 4, 2014
$1,850,000 Jun 9, 2015
-
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
-
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
-
Townhouse
Stu
6.5 Baths
2,700 ft²
$703/ft²
$1,898,000 Jan 30, 2024
-
$6,067/mo
Townhouse
Stu
8 Baths
-
$1,900,000 Jun 16, 2022
-
$1,334/mo
Commercial
Loft
-
-
$2,150,000 Feb 20, 2024
-
$567/mo
Other
Loft
-
3,703 ft²
$635/ft²
$2,350,000 Sep 14, 2023
-
$2,607/mo
Other
Loft
-
4,000 ft²
$594/ft²
$2,375,000 Mar 12, 2024
-
$1,260/mo
Commercial
Loft
-
4,825 ft²
$477/ft²
$2,300,000 Feb 21, 2024
-
$2,113/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230908
09/08/2023
Loft
-
4000 ft²
$2,388,000
bedrooms
Loft
bathrooms
-
square feet
4000 ft²
-
-
-
Mahmoud Ahmed
Homes R Us Realty of NY, Inc.
20220831
08/31/2022
Loft
-
-
$2,375,000
bedrooms
Loft
bathrooms
-
-
-
-
Serafino DeSimone
Desimone Real Estate

Building Info

922 4th Avenue 922 4th Avenue, Brooklyn, NY 11232
  • 7 Units
  • 2 Units for Sale
More about this Building
922 4th Avenue
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About South Brooklyn


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