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!
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
Owner options
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$6,320/mo
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$6,320/mo
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$19,069/mo
Est. payment
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$19,069/mo
Est. payment
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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
| Date | Event | Price |
|---|---|---|
| 3/11/2024 | Sold | $3,950,000+23.9%$588/sqft |
Source: Public Record Report a problem | ||
| 2/16/2020 | Listing removed | $3,188,888$475/sqft |
Source: Q Realty Group Inc #434779 Report a problem | ||
| 12/10/2019 | Listed for sale | $3,188,888$475/sqft |
Source: Q Realty Group Inc #434779 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Nearby schools
GreatSchools rating
- 5/10Ps 124 Silas B DutcherGrades: PK-5Distance: 0 mi
- 10/10New Voices School Of Academic And Creative ArtsGrades: 6-8Distance: 0.5 mi
- 4/10Cyberarts Studio AcademyGrades: 9-12Distance: 0.7 mi