Multifamily Property in Sunset Park

5002 4th Avenue

Sunset Park

$2,200,000

Lot SF 1,627
Total Building SF 3,944
Cross Streets 50th Street & 4th Avenue
Stories 3
Subways
d
n
r
w
Other Transportation
Belt Parkway
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Multifamily 5002 4th Avenue , Sunset Park
Jamie Walker
Have Jamie contact you

Want Jamie to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Zoning R7A, C2-4
Lot Dimensions 20.33 ft x 80 ft
Building Dimensions 20.33 ft x 57 ft
Residential Units 4
Commercial Units 2

Overview

TerraCRG, as exclusive advisor, represents ownership in the sale of 5002 4th Avenue, a 3-story mixed-use building, located on the corner of 50th St and 4th Ave in Brooklyn’s Sunset Park.

This three-story building (plus basement) consists of 1,630 square feet with leasable retail space and includes four apartments, approximately (2x) 500 SF and (2x) 665 SF. It also has leasable storage space or build-out in the basement. A pharmacy occupies one retail space (Nov 2022 lease-$4,300/mo) and a Herbal store in the other space (month-to-month-$1,350). The property is zoned R7A and has no rent regulation.

 

Attractions

Located in the heart of the 4th Ave retail corridor of Sunset Park, with new developments occurring frequently and a new public library being completed one block up, the area is on the verge of rapid growth.

Convenient to all transportation, the property is three blocks from the 53rd Street R & N train, with quick service to Manhattan.

Five Boroughs Brewing Co.
Sunset Park
Bush Terminal Piers Park

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >