4424 3rd Ave
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4424 3rd Ave
5,450 SF 100% Leased Retail Building Brooklyn, NY 11220 $2,695,000 ($494/SF)
Executive Summary
Prime Sunset Park corner brick mixed-use property at 4424 3rd Ave (AKA 275-283 45th Street) on a 25' x 100' lot, featuring both front and rear buildings on a single lot, with a combined building size of approximately 5,450 sqft.
4 Stores, 2 four bedroom apartments. Zoned M1-2D, the property includes four commercial/retail stores, two spacious 6-room/4-bedroom apartments, and a full unfinished basement with high ceilings for storage. Equipped with gas boiler and water heaters, the building benefits from heavy foot and car traffic, offering excellent visibility along 3rd Avenue, just one block from the 45th Street R train station. Conveniently located near Industry City, the Belt Parkway, Gowanus Expressway, Verrazano Bridge, Staten Island, and with easy access to the Battery Tunnel and Manhattan, this property is ideal for any type of commercial business. The roof provides potential for outdoor advertising visible from the BQE. Delivered vacant possible. Owner financing available. This is a rare and versatile investment opportunity.
4 Stores, 2 four bedroom apartments. Zoned M1-2D, the property includes four commercial/retail stores, two spacious 6-room/4-bedroom apartments, and a full unfinished basement with high ceilings for storage. Equipped with gas boiler and water heaters, the building benefits from heavy foot and car traffic, offering excellent visibility along 3rd Avenue, just one block from the 45th Street R train station. Conveniently located near Industry City, the Belt Parkway, Gowanus Expressway, Verrazano Bridge, Staten Island, and with easy access to the Battery Tunnel and Manhattan, this property is ideal for any type of commercial business. The roof provides potential for outdoor advertising visible from the BQE. Delivered vacant possible. Owner financing available. This is a rare and versatile investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,450 SF
Building Class
C
Year Built
1950
Price
$2,695,000
Price Per SF
$494
Percent Leased
100%
Building Height
3 Stories
Building FAR
2.08
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
M1-2 - M1 is a Light Manufacturing Zoning District having manufacturing, commercial, and community facility uses.
Walk Score ®
Walker's Paradise (92)
Transit Score ®
Rider's Paradise (96)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 00736-0048 | Improvements Assessment | $143,340 |
| Land Assessment | $11,400 | Total Assessment | $154,740 |
PROPERTY TAXES
Parcel Number
00736-0048
Land Assessment
$11,400
Improvements Assessment
$143,340
Total Assessment
$154,740
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4424 3rd Ave
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