The Brennan Team of Marcus & Millichap has been exclusively hired to sell 8500 4th Avenue, a mixed-use apartment building comprised of 49 apartments and eight (8) commercial spaces. This five-story elevator building is located on 4th Avenue between 85th Street & 86th Street in the Bay Ridge neighborhood of Brooklyn, New York.

The subject property was built in 1925 and measures 140 feet wide by 93 feet deep on a lot that extends 100 feet deep. The property is zoned R7B, C4-2A, and the total approximate building size is 57,500 square feet based on public record.

8500 4th Avenue presents the rare opportunity to purchase an exceptionally well-located investment building with income spread between apartments as well as ground-floor retail. Bay Ridge is typically considered a stable, safe, low-velocity submarket that consistently sees strong rental demand.

The subject property is located in front of the 86th Street [ R ] Train Station, providing easy access to Manhattan and the rest of Brooklyn.

Property Highlights:

Bay Ridge elevator mixed-use building | 49 residential & 8 commercial

Excellent location, less than a block from the busiest stretch of 86th Street

Seconds to national retailers: Gap, Chase Bank, Sephora, McDonald’s, Wendy’s, Victoria’s Secret, Duane Reade, and T-Mobile

Directly in front of the “R” Train 86th Street stop

Asking price equates to $234/SF | 6.12% cap rate | 8.37x the rent roll

Long-term family ownership

Large apartments with a high percentage of two-bedroom apartments

Upside in the commercial rents