Listed by Alpha Realty NY
$4,500,000
Greenwood Heights Mixed-Use Package
Details
Property Type Mixed Use
Square Footage 6,500
Units 4
NOI $297,762
Occupancy 100%
Tenancy Multi
Buildings 2
Stories 3
Zoning M1-2D
Investment Type Value Add
Ground Lease No
854 4th Ave, New York City, NY 11232, 936 4th Ave, New York City, NY 11232
Marketing description
Greenwood Heights Mixed-Use Package. 4 Apartments & 2 Commercial. Tax Class Protected.
Two Mixed-Use Buildings | 4 Apartments & 2 Commercial | 6,500 SF
Our dedicated debt advisory team works directly with leading lenders to structure competitive financing for qualified buyers. Please contact us to discuss loan options tailored to this acquisition.
Investment highlights
- 100% Free-Market Units: No rent-stabilization headaches. This provides total flexibility to adjust rents to market rates, renovate for higher yields, or pivot your leasing strategy as the neighborhood continues to appreciate
- Protected Tax Class 1: A significant rarity for multi-unit packages. This classification provides a "valuation ceiling," strictly limiting how much the city can increase your property taxes annually--ensuring long-term predictable cash flow and expense control
- Residential/Retail Tenant-Paid Utilities: Favorable utility structure with residential tenants responsible for heating and retail tenants sub-metered for water and sewer, materially reducing operating expenses, insulating ownership from energy price volatility, and enhancing net operating income predictability
- Turn-key Condition: Both buildings have been meticulously maintained, suggesting minimal immediate CAPEX requirements and a smooth transition for the new owner
- Greenwood Heights Connectivity: Situated in one of Brooklyn's most resilient sub-markets. The properties benefit from a "quiet neighborhood" feel while being steps away from the high-end dining, retail corridors, and major transportation hubs (R, F, and G lines) that define the area
- Address 854 4th Avenue : Year Constructed 1935, Zoning M1-2D, Building Type 3-story/Walk-up, Building SF 3,300 SF
- Address 936 4th Ave : Year Constructed 1931, Zoning M1-2D, Building Type 3-story/Walk-up, Building SF 3,200 SF
Listing Contacts
Listed by Alpha Realty NY
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$297,762.00
$24,813.50/mo
Valuation Metrics
0
DSCR
6.62%
Cap Rate
6.62%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Is there information that looks off?
