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4012 14th Avenue
Brooklyn, NY 11218
Listing Agent:
John Brennan
- Units 4
- Square Feet 3000
- Price/SF $433.33
- Annual Tax Bill $10,765
$1,265,000
- Status Sold
- Property Type Mixed-Use
About This Property
Marcus and Millichap has successfully sold 4012 14th Avenue, a three-story mixed-use building with 4 one-bedroom apartments and one retail unit. The property is located on 14th Avenue between 40th Street & 41st Street in the Borough Park neighborhood of Brooklyn.
The subject property was built in 1931 and measures 20 feet wide by 50 feet deep and the lot extends 96 feet deep (not including additional SF for the storage unit). The property is zoned R6, C2-3.
The subject property is located within 4.5 blocks of the McDonald Ave & Cortelyou Road [F] Train Station, providing easy access to Manhattan and the rest of Brooklyn.
- 5-Unit Free-Market Mixed-Use Property
- 4 One-Bedroom Apartments & 1 Store with an Additional Storage Unit
- One Apartment is Vacant
- Occupied Apartments are Currently Operating on a Month-to-Month Basis
- Collections are 100% and the Retail Lease Increases by 5% Every 2 Years
- Zero Rent-Stabilization
- Protected Tax Class 2A - Only $9,967 Annually
- Over 40 Years of Long-Term Generational Family Ownership
- Prime Borough Park Location Only Steps Away from Multiple Religious Facilities & 4.5 Blocks Away from the [F] Train