5222 4th Avenue

Sunset Park

$2,599,000
Price
7
Beds
3
Baths
3,960 Sq. Ft.
$656 / Sq. Ft.
3,960
Sq. Ft.
$656
per Sq. Ft.

Description

This attached, 3-story brick building offers a prime opportunity to own in the thriving Sunset Park neighborhood. Zoned R7A, C2-4 with a generous buildable square footage of 7,268, this property is ideal for potential development or expansion. It features 2 residential units and 1 retail store. The building spans 18x100 feet for the commercial unit and 18x60 feet for the residential portion, sitting on a full lot. The ground floor is a retail store, currently operating as a business, paying. The...This attached, 3-story brick building offers a prime opportunity to own in the thriving Sunset Park neighborhood. Zoned R7A, C2-4 with a generous buildable square footage of 7,268, this property is ideal for potential development or expansion. It features 2 residential units and 1 retail store. The building spans 18x100 feet for the commercial unit and 18x60 feet for the residential portion, sitting on a full lot. The ground floor is a retail store, currently operating as a business, paying. The store also covers the entire building’s water fees and property taxes. The basement offers storage space currently being used for the store. On the second floor, there is a spacious 4-bedroom, 1-bathroom unit while the third floor features a 3-bedroom, 1-bathroom apartment. All units have separate heating systems and hot water, and the tenants are responsible for all utilities. Total annual income of $155,400. The owner’s only expense is $6,000 per year for insurance, making it a low-maintenance investment for the owner. Located in the busy 4th Avenue business district, the property benefits from significant foot traffic, making it ideal for commercial use. Residents and businesses will enjoy easy access to nearby amenities, including restaurants, shopping, banks, and more. Just minutes from the subway station, with access to the R train and B63 bus, this location offers unbeatable convenience for both businesses and residents.


.
  1. Listed by Kelly Wu • RE/MAX Edge

Amenities

  • Ground Floor
  • Walk Up
  • Basement
  • Parking Included
  • Lowrise
LISTING UPDATED: 11/05/2024 12:08 PM

Property Details for 5222 4th Avenue

StatusActive
MLS ID486950
Days on Market30
Taxes$6,585 / year
Maintenance-
Min. Down Pymt-
Total Rooms13.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size1,817 SF / 18' x 100'
CountyKings County

Building

5222 4th Ave

3 Units3 StoriesBuilt in 1931

Building Information for 5222 4th Avenue

Stories3Residences3Year Built1931Lot Size1,817 SF / 18' x 100'Building Age-Building Type-

Property Information for 5222 4th Avenue

Summary
Location and General Information
  • Block: 806
  • Number Of Stories: 1
  • Cross Street Name: 52nd St
  • Cross Street Name: 53rd St
  • Zoning: R7A
  • Roof: Asphalt/Tar, Flat
Parking
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 6585.0
  • Gross Expense: 6000.0
  • Gross Income: $155,400.00
  • Cap Rate: .06%
Property
Lot Information
  • Sq Ft Total: 3960
  • Yard: Other
  • Lot Number: 46
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 18
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Hot Water
  • Heating Fuel: Gas
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Concrete, Hardwood, Tile, Other
  • Unit Count: 3
  • Lavatories: 3
  • Construction Materials: Brick
  • Electric: 110 V, 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Doors - 11-15 ft
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1080.0
  • Building Length: 60.0
  • Building Type: Attached
  • Building Width: 18.0
Unit 1
  • Unit Category: Store
  • Unit Current Rent: 7500.0
  • Unit Floor: 1
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 4
  • Unit Category: Apt
  • Unit Current Rent: 2650.0
  • Unit Floor: 2
  • Unit Rooms Total: 7
  • Unit Status: Month-to-Month
  • Unit Unit Type: 4+ Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2800.0
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
Agent
Agent Information
  • Net Operating Income: 149400.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 6000.0
  • Owner Occupied: No
  • Rent Income: 155400.0

Property History for 5222 4th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5222 4th Avenue

Taxable ValueLand$11,760Additions$62,220Total$73,980
Home Facts
Total Finished SqFt3,276 SqFtLot Size1,817 SqFtYear Built1931ZoningR7AAPN3008060046

Schools near 5222 4th Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 4
Rating
School
Distance
P.S. 1 The Bergen
PublicPK to 5

Sunset Park Prep
Public6 to 8

Sunset Park High School
Public9 to 12

School Of Creativity-Innovation
PublicPK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5222 4th Avenue is a mixed use property for sale in Sunset Park. This property was listed for sale on October 23, 2024 by RE/MAX Edge, it's currently listed at $2,599,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 1 The Bergen, Sunset Park Prep and Sunset Park High School. 5222 4th Avenue is a 7-bed, 3-bath, 3,960 sqft mixed use property built in 1931.

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Listing Courtesy of RE/MAX Edge

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.