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Office Warehouse

5018 4th Ave

5018 4th Ave, Brooklyn, NY 11220

Listing Price: $7,900,000

Gross SF
19,200
Price/Gross SF
$411.46
Lot Size
0.15 acres
Year Built
1931
Rentable SF
19,200

Investment Overview

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 5018 4th Avenue, a vacant, 4-story commercial building located on the corner of 4th Avenue and 51st Street in the Sunset Park section of Brooklyn, NY. The subject property is built 60 ft x 80 ft on an 80 ft x 80 ft lot (Block: 00790 Lot:0042), zoned R7A, C2-4 (3.45 Residential FAR, 4.6 Inclusionary Housing FAR, 2.0 Commercial FAR, 4.0 Community Facility FAR) allowing for a total of 22,080 buildable square feet. The building totals 4 floors each featuring 4,800 square feet, totaling 19,200 square feet of commercial space above-grade. The property also features an additional 4,800 square feet in the basement and a freight elevator servicing all levels of the building. The subject property is located just two blocks away from the 53rd Street “R” subway station. Developers, and investors have the unique opportunity to purchase a strategically located commercial site in the Sunset Park neighborhood to capitalize on the existing structure so as to reduce construction costs and add additional square footage on top of the existing building.

Investment Highlights

  • Four-Story 19,200 SF Commercial Corner Building in Sunset Park
  • C2-4/R7A Zoning (3.45 Residential FAR, 4.6 Inclusionary Housing FAR, 2.0 Commercial FAR, 4.0 Community Facility FAR), Allowing for a total of 22,080 BSF
  • Building Features a Freight Elevator with Five Stops (Including Basement)
  • Building is Fully Sprinklered and Has Gas Heating and Heavy Power
  • Located Near the 53rd Street "N', "R" and "W" Train Station on 4th Avenue

Exclusively Listed By

Financing By

Listing Price: $7,900,000

Gross SF
19,200
Price/Gross SF
$411.46
Lot Size
0.15 acres
Year Built
1931
Rentable SF
19,200

Investment Highlights

  • Four-Story 19,200 SF Commercial Corner Building in Sunset Park
  • C2-4/R7A Zoning (3.45 Residential FAR, 4.6 Inclusionary Housing FAR, 2.0 Commercial FAR, 4.0 Community Facility FAR), Allowing for a total of 22,080 BSF
  • Building Features a Freight Elevator with Five Stops (Including Basement)
  • Building is Fully Sprinklered and Has Gas Heating and Heavy Power
  • Located Near the 53rd Street "N', "R" and "W" Train Station on 4th Avenue

Investment Overview

The Nowak Group of Marcus & Millichap has been retained on an exclusive basis to arrange the sale of 5018 4th Avenue, a vacant, 4-story commercial building located on the corner of 4th Avenue and 51st Street in the Sunset Park section of Brooklyn, NY. The subject property is built 60 ft x 80 ft on an 80 ft x 80 ft lot (Block: 00790 Lot:0042), zoned R7A, C2-4 (3.45 Residential FAR, 4.6 Inclusionary Housing FAR, 2.0 Commercial FAR, 4.0 Community Facility FAR) allowing for a total of 22,080 buildable square feet. The building totals 4 floors each featuring 4,800 square feet, totaling 19,200 square feet of commercial space above-grade. The property also features an additional 4,800 square feet in the basement and a freight elevator servicing all levels of the building. The subject property is located just two blocks away from the 53rd Street “R” subway station. Developers, and investors have the unique opportunity to purchase a strategically located commercial site in the Sunset Park neighborhood to capitalize on the existing structure so as to reduce construction costs and add additional square footage on top of the existing building.

Exclusively Listed By

Financing By

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