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6022-6024 4th Ave | 369-379 61st St 6024 4th Ave 19 Unit Apartment Building £2,987,745 (£157,250/Unit) 4.17% Net Initial Yield Brooklyn, NY 11220
INVESTMENT HIGHLIGHTS
- Well-maintained mixed-use building in the thriving Sunset Park neighborhood, bordering Bay Ridge.
- Retail Spaces: Two high-visibility storefronts with stable tenants
- Zoning: R7A | FAR: 3.60 (Current), 4.00 (Max Residential)
- Residential Mix: (6) one-bedrooms, (10) two-bedrooms, (1) three-bedroom
- Lot Size: 40' x 100' | Building Size: ~14,400 SF
- Built: 1916 | Construction: Solid brick, pre-war craftsmanship
EXECUTIVE SUMMARY
Rare 19-Unit Mixed-Use Investment in Sunset Park, Brooklyn
Prime Location | 19 Units | 14,400 Sq. Ft. | Mixed-Use with Development Potential
Discover a rare opportunity to own a 19-unit mixed-use gem on the Sunset Park–Bay Ridge border, one of Brooklyn’s fastest-growing investment corridors.
Built in 1916, this elegant pre-war building combines historic charm with modern stability and upside potential.
Investment Highlights
-Total Units: 19 (17 residential + 2 commercial)
-Residential Mix: (6) one-bedrooms, (10) two-bedrooms, (1) three-bedroom
-Retail Spaces: Two high-visibility storefronts with stable tenants
-Lot Size: 40' x 100' | Building Size: ~14,400 SF
-Zoning: R7A | FAR: 3.60 (Current), 4.00 (Max Residential)
-Built: 1916 | Construction: Solid brick, pre-war craftsmanship
This income-producing property offers steady cash flow, strong tenant retention, and significant development potential for future expansion or repositioning. Located amid thriving retail corridors and just steps from public transit, it’s an ideal acquisition for 1031 exchange investors, portfolio builders, or developers.
Prime Location | 19 Units | 14,400 Sq. Ft. | Mixed-Use with Development Potential
Discover a rare opportunity to own a 19-unit mixed-use gem on the Sunset Park–Bay Ridge border, one of Brooklyn’s fastest-growing investment corridors.
Built in 1916, this elegant pre-war building combines historic charm with modern stability and upside potential.
Investment Highlights
-Total Units: 19 (17 residential + 2 commercial)
-Residential Mix: (6) one-bedrooms, (10) two-bedrooms, (1) three-bedroom
-Retail Spaces: Two high-visibility storefronts with stable tenants
-Lot Size: 40' x 100' | Building Size: ~14,400 SF
-Zoning: R7A | FAR: 3.60 (Current), 4.00 (Max Residential)
-Built: 1916 | Construction: Solid brick, pre-war craftsmanship
This income-producing property offers steady cash flow, strong tenant retention, and significant development potential for future expansion or repositioning. Located amid thriving retail corridors and just steps from public transit, it’s an ideal acquisition for 1031 exchange investors, portfolio builders, or developers.
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 10 | - | - |
| 3+1 | 1 | - | - |
1 1
Walk Score®
Excellent pedestrian access (95)
Transit Score®
Rider's Paradise (97)
Bike Score®
Good for cycling (82)
PROPERTY TAXES
| Parcel Number | 05781-0041 | Improvements Assessment | £346,378 |
| Land Assessment | £26,903 | Total Assessment | £373,281 |
PROPERTY TAXES
Parcel Number
05781-0041
Land Assessment
£26,903
Improvements Assessment
£346,378
Total Assessment
£373,281
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6022-6024 4th Ave | 369-379 61st St | 6024 4th Ave
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