5222 4th Avenue

Description

This attached, 3-story brick building offers a prime opportunity to own in the thriving Sunset Park neighborhood. Zoned R7A, C2-4 with a generous buildable square footage of 7,268, this property is ideal for potential development or expansion. It features 2 residential units and 1 retail store. The building spans 18x100 feet for the commercial unit and 18x60 feet for the residential portion, sitting on a full lot. The ground floor is a retail store, currently operating as a business, paying. The store also covers the entire buildings water fees and property taxes. The basement offers storage space currently being used for the store. On the second floor, there is a spacious 4-bedroom, 1-bathroom unit, while the third floor features a 3-bedroom, 1-bathroom apartment. All units have separate heating systems and hot water, and the tenants are responsible for all utilities. Total annual income of $162,960. The owners only expense is $6,000 per year for insurance, making it a low-maintenance investment for the owner. Located in the busy 4th Avenue business district, the property benefits from significant foot traffic, making it ideal for commercial use. Residents and businesses will enjoy easy access to nearby amenities, including restaurants, shopping, banks, and more. Just minutes from the subway station, with access to the R train and B63 bus, this location offers unbeatable convenience for both businesses and residents.