4407 8Th AveBrooklyn, NY 11220

Property Details for 4407 8Th Ave

Year built

1923

Lot size

0.03 AC

Property size (Sq ft)

3,000 SF

Zone code

R6

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00742-0007

APU

7420007

Description

This exceptional 1,200 square foot retail space, located at 4407 8th Avenue in Brooklyn, New York, presents a unique investment opportunity. Situated on a 2,000 square foot lot, this single-tenant property boasts a desirable location within Kings County (Brooklyn), zip code 11220. The building, constructed in 1930, is a three-story structure offering high ceilings ranging from 11 to 15 feet, providing ample space and a sense of grandeur. Ideal for a variety of uses, including office space or a salon, this property offers significant potential for growth and profitability. The property's single-tenant occupancy simplifies management and provides a stable income stream. Its central Brooklyn location ensures high visibility and accessibility to a diverse customer base. The building's solid construction and classic architecture combine to create a unique and attractive space. With its generous lot size and impressive ceiling height, this property offers flexibility for customization and expansion. This is a rare opportunity to acquire a well-located, established retail space in a thriving Brooklyn neighborhood. The property is ready for immediate occupancy and presents a strong return on investment. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $495,990

  6.5%

  $457,837

  7%

  $425,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $391,980

  Geo Method

  $391,980

• Alternative Use

  Use

  Valuation

  Residential

  $567,717

  Hospitality

  $520,026

  Educational

  $432,656

  Medical

  $447,535

  Retail

  $673,020

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6441

Longitude

-74.0002

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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