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Sold for $3,950,000
  • $3,950,000

    524 4th Ave #6, Brooklyn, NY 11215

    0beds
    0baths
    6,720sqft
    Mixed Use
    Built in 1931
    2,430 Square Feet Lot
    $4,864,800 Zestimate®
    $588/sqft
    $6,320 Estimated rent

    Home value

    $4,864,800

    $4.04M - $5.84M

    $6,320/mo

    Zestimate® history
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    $6,320/mo

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    $19,069/mo

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    What's special

    Endless possibilities await in this 4-story mixed-use property. This property is presenting an investor, developer or end-user with a unique opportunity in one of Brooklyn's most sought-after neighborhoods. Measuring 28 by 60' structure on a 86-foot lot, the property has 6720 square feet. This property is zoned R8 which allows for approximate of 14,500 buildable square feet in total and could go up 10 floors or higher. This property currently consists of ground-floor restaurant space with full ceiling height, exposed brick and finished basement. The restaurant is fully equipped with all necessary equipment. It's also has a beautiful outdoor seating area in the backyard great for events and parties. It's also has 3-full-floor with 2-bedroom units. The building is in excellent condition with low carrying costs which makes it perfect as an investment with a great rental return. This is also great for an end-user, there is unlimited potential to re-imagine and reconfigure. The location is exceptional and on the most exciting area that hosts a perfect mix of retailers, boutique clothing and jewelry shops, mom-and-pop stores, amazing restaurants, and coffee shops. Transportation couldn't be more convenient; the subway lines are nearby and a only a couple of stops from Barclays Center and Atlantic Terminal. This property has two rent-controlled tenants. Hurry, this listing will not last long!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 0
    Features
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 6,720 sqft

    Property

    Lot
    • Size: 2,430 Square Feet
    Details
    • Parcel number: 010330042
    • Zoning: R8A

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Mixed Use
    Condition
    • Year built: 1931

    Utilities & green energy

    • Electric: Circuit Breakers, 220 V, 110 V

    Community & HOA

    Location
    • Region: Brooklyn

    Financial & listing details

    • Price per square foot: $588/sqft
    • Tax assessed value: $2,052,000
    • Annual tax amount: $36,505

    Price history

    DateEventPrice
    3/11/2024Sold$3,950,000+23.9%$588/sqft
    Source: Public Record Report a problem
    2/16/2020Listing removed$3,188,888$475/sqft
    Source: Q Realty Group Inc #434779 Report a problem
    12/10/2019Listed for sale$3,188,888$475/sqft
    Source: Q Realty Group Inc #434779 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$36,505 +7.5%$923,400 +20%
    2024$33,972 $769,320 -20%
    2023-- $961,650 +13.7%
    2022-- $845,550 +25%
    2021-- $676,350 +3%
    2020$28,745 +6.3%$656,550 +7.3%
    2019$27,040 $612,000 +286.8%
    2018-- $158,237 +8%
    2017$18,635 -1.3%$146,517
    2016$18,889 $146,517 +3.2%
    2015$18,889 +66.4%$141,973 +8%
    2014$11,355 $131,457
    Find assessor info on the county website

    Neighborhood: Gowanus

    Nearby schools

    GreatSchools rating