$5,900,000 • living size area 8456 sqft
Perfect for a builder! this is a corner mix-use, 7 family with 2 stores plus a 2+ car garage located on prime 4th avenue in park slope. 7 apartment units and garage are delivered vacant; 2 stores are still occupied with short term leases. with the rezoning on 4th avenue and air rights combined, a builder can build upwards of 12-17+ stories. approximately 50k+ buildable square feet including affordable housing. the basement is full and each unit has it's own hot water heater. featuring 12 bedrooms & 9 baths! apartments can be rented as is, renovated to the new owner's specs, or broken down to build a brand new beautiful work of art. this is a prime brick corner property that won't last long so bring only serious buyers with their pof for showings. annual projected roi is just around $350k with lots of upside potential yearly with a cap rate of 5.1%. this building has 2 addresses: 526-528 4th ave and 181 14th street. please note, the above information is approximate figures and are subject to change!Multi Family -
526 4TH, BROOKLYN, NY 11215Asking Price$5,900,000
- Living 8456sqft
- Lot size 3069sqft
- Taxes $15,220
- Year Built 1931
-
Days on market:
257 day(s) -
Price per sqft:
$697.73 -
MLS:
471328 -
Property Type:
Multi Family Total Families:
7Loading docks:
Drive-In
Borough:
BrooklynCrossing Street:
14th street
Ceiling Height:
8-10 FootElectric Service:
Circuit BreakersConstruction Type:
BrickYard:
NoneRoof:
FlatFoundation:
Poured ConcreteHeat Delivery:
Hot AirLoading docks:
Drive-InBasement Amenities:
FullSeparate Entrance