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4716 5th Avenue

GKMB Real Estate Sells Mixed-Use Building In Sunset Park Brooklyn For $2.4M With Fred Bijou
SOLDMixed-use

GKMB Real Estate Sells Mixed-Use Building In Sunset Park Brooklyn For $2.4M With Fred Bijou

4716 5th Avenue

$2,400,000

$571/SF

Building Size

4,200 SF

Asset Type

Mixed-use

Closing

Dec 27, 2024

AI

This mixed-use retail building located at 4716 5th Avenue in Sunset Park, Brooklyn features 4,200 square feet and is priced at $2,400,000. The property includes 2 apartments and an expiring retail space, along with an additional 3,000 square feet of air rights.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $2,400,000
  • Square Footage: 4,200
  • Price per Square Foot: $571
  • Seller: GKMB Real Estate
  • Broker: Fred Bijou - Bijou Equities
  • Date of Sale: 12/27/2024
  • Market: Sunset Park, Brooklyn

Fred Bijou of Bijou Equities successfully represented both sides in this transaction, concluding a year-end closing on this property positioned on a prime retail block.

Players

Fred Bijou

Bijou Equities

Broker

$107.3M

vol

33 deals

Broker

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93