191 4th Avenue
Rare corner brick building in Park Slope, Brooklyn, offered at $3,995,000 on a 5.26% cap ($210,000 NOI). The four-story, 6,240 SF mixed-use asset comprises five residential units and two commercial spaces, generating $252,000 in current gross annual income with operating costs around $50,000.
The residential portfolio includes four two-bedroom apartments and a spacious four-bedroom duplex at 1,600 SF, positioned to command premium rents in the Park Slope market. The two ground-floor commercial spaces add diversified income and street-level activation. Built in 1920, the building retains solid brick construction on a 1,800 SF corner lot zoned R8A. The property is fully occupied and shows clear upside; the seller projects gross income reaching $350,000 annually with modest operational improvements.
- Mixed-use corner building in prime Park Slope location
- Five residential units plus two commercial spaces
- Four-bedroom duplex (1,600 SF) plus four two-bedroom apartments
- Current $252,000 gross income; projected $350,000 with optimization
- Solid 1920 brick construction; fully occupied
More property details
Location
Presenting a rare investment opportunity in the heart of Park Slope. This sturdy brick corner building offers over 6,200 sq ft across four levels, featuring five residential units and two commercial spaces. The residences include four well-kept two-bedroom apartments and a generous 1,600 sq ft duplex with four bedrooms, perfect for commanding premium rents. With a current gross annual income of $252,000 and operating costs around $50,000, this property shows significant potential, with projected income reaching up to $350,000 per year.