4002 8th Ave Brooklyn, NY 11232
Sunset Park NeighborhoodEstimated payment $14,934/month
Highlights
- Wood Flooring
- Hot Water Heating System
- 4-minute walk to 9 Avenue
About This Home
Prime Sunset Park Mixed-Use Investment Opportunity!
An exceptional mixed-use property ideally located in the heart of vibrant Sunset Park. Sitting on a 24 x 80 lot with a full 24 x 80 building size, this versatile property offers tremendous potential for both investors and end-users alike. The property features a ground-floor retail store with excellent visibility and heavy foot traffic along 8th Avenue’s bustling commercial corridor-perfect for stable rental income or owner-occupied business use. Above the retail space are six residential units, each providing consistent rental income, making this a true income-producing asset. Situated in one of Brooklyn’s most dynamic neighborhoods, this property is surrounded by a thriving mix of shops, supermarkets, restaurants, and cultural destinations. Convenient transportation options include nearby subway lines and bus routes, ensuring easy access throughout Brooklyn, Manhattan, and beyond. Whether you’re looking to expand your investment portfolio, operate a business, or reposition the property for even greater returns, this property presents a rare opportunity in a highly desirable Sunset Park location.
Don’t miss the chance to own a piece of Brooklyn’s growing commercial and residential market!
Property Details
Property Type
- Other
Est. Annual Taxes
- $28,822
Year Built
- Built in 1926
Lot Details
- 1,946 Sq Ft Lot
- Lot Dimensions are 80 x 24
- Property is zoned R6
Home Design
- Mixed Use
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 5,289 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Tile
Utilities
- Hot Water Heating System
- Heating System Uses Gas
- 220 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 919
Community Details
Overview
- 5 Units
Building Details
- Fuel Expense $5,312
- Insurance Expense $1,500
- Utility Expense $722
- Gross Income $149,940
- Net Operating Income $103,645
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $28,826 | $311,400 | $10,800 | $300,600 |
| 2024 | $28,826 | $259,650 | $10,800 | $248,850 |
| 2023 | $27,407 | $286,650 | $10,800 | $275,850 |
| 2022 | $25,311 | $296,100 | $10,800 | $285,300 |
| 2021 | $23,498 | $348,300 | $10,800 | $337,500 |
| 2020 | $10,696 | $348,300 | $10,800 | $337,500 |
| 2019 | $22,369 | $435,240 | $10,800 | $424,440 |
| 2018 | $21,859 | $171,862 | $3,412 | $168,450 |
| 2017 | $20,240 | $159,133 | $3,347 | $155,786 |
| 2016 | $18,996 | $147,347 | $3,420 | $143,927 |
| 2015 | $12,332 | $136,433 | $3,432 | $133,001 |
| 2014 | $12,332 | $136,433 | $4,119 | $132,314 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2025 08/25/25 | For Sale | $2,380,000 | -- | $450 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,562,000 | -- | |
| Deed | $1,562,000 | -- | |
| Deed | $1,245,000 | -- | |
| Deed | $1,245,000 | -- | |
| Deed | $303,000 | Commonwealth Land Title Ins | |
| Deed | $303,000 | Commonwealth Land Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | Commercial | |
| Closed | $750,000 | Commercial | |
| Previous Owner | $573,561 | Commercial | |
| Previous Owner | $210,000 | Seller Take Back |
Source: Brooklyn Board of REALTORS®
MLS Number: 495240
APN: 00919-0034
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