Mixed-Use

4415 18th Avenue

4415 18th Ave, Brooklyn, NY 11204

Listing Price: $2,150,000

Cap Rate
3.42%
Number of Units
7
Price/Unit
$307,143
Price/Gross SF
$373.26
Gross SF
5,760

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 4415 18th Avenue, a three-story mixed-use building comprised of a three-bedroom apartment, a two-bedroom apartment, a one-bedroom apartment, a studio apartment and three retail units.

The property is located on 18th Avenue between McDonald Avenue and 47th Street in the Borough Park neighborhood of Brooklyn. The subject property was built in 1945 and measures 59 feet wide by 25 feet deep, on a lot that extends 60 feet wide by 36 feet deep. The property is zoned R5, C1 3.

The subject property is located within 100 feet from the McDonald Avenue "F" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Investment Highlights

  • Seven-Unit Mixed-Use Property
  • Four Apartments and Three Stores
  • 4,425 Gross Square Feet
  • Immediate Income Upside Potential Over 70% of Tenants are Month to Month
  • Protected Tax Class 2B Only $9,417 Annual Tax Bill
  • 20 Consecutive Years of Ownership

Exclusively Listed By

Listing Price: $2,150,000

Cap Rate
3.42%
Number of Units
7
Price/Unit
$307,143
Price/Gross SF
$373.26
Gross SF
5,760

Investment Highlights

  • Seven-Unit Mixed-Use Property
  • Four Apartments and Three Stores
  • 4,425 Gross Square Feet
  • Immediate Income Upside Potential Over 70% of Tenants are Month to Month
  • Protected Tax Class 2B Only $9,417 Annual Tax Bill
  • 20 Consecutive Years of Ownership

Investment Overview

Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 4415 18th Avenue, a three-story mixed-use building comprised of a three-bedroom apartment, a two-bedroom apartment, a one-bedroom apartment, a studio apartment and three retail units.

The property is located on 18th Avenue between McDonald Avenue and 47th Street in the Borough Park neighborhood of Brooklyn. The subject property was built in 1945 and measures 59 feet wide by 25 feet deep, on a lot that extends 60 feet wide by 36 feet deep. The property is zoned R5, C1 3.

The subject property is located within 100 feet from the McDonald Avenue "F" Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Exclusively Listed By

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