4405 8th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $18,257/month
Highlights
- Wood Flooring
- Baseboard Heating
- Back Yard
- I.S. 223 The Montauk Rated A-
About This Home
Meticulous Investment Opportunity in Sunset Park – Premier Mixed-Use Property with Exceptional Growth Potential Nestled in the vibrant and dynamic 8th Avenue heart of Sunset Park, Brooklyn, business district where every possible convenience will be your back and call. Incomparable opportunity for investors, developers, and visionaries seeking a high-yield, value-driven acquisition. Seamlessly blending commercial opportunity with residential stability, this property is a true gem in one of Brooklyn’s most dynamic neighborhoods. This exceptional asset features one prominent commercial storefronts and two residential units. Sitting on a 20 ft x 75 ft lot, with a building of 20 ft x 62 ft (Storefront) and 20 ft. x 52 ft. (Residential Units), it provides versatile space configurations to maximize revenue potential. Property boasts an R6 Zoning with an FAR of 3.0 Please consult with a licensed architect for precise and accurate FAR usage. Located in 8th ave. Chinatown, known for its vibrant cultural scene, thriving business district, and unparalleled accessibility, this property benefits from strong tenant demand and exceptional foot traffic. Surrounded by major transit options, lively retail corridors, parks, and essential amenities, it offers an unmatched living and business environment that continues to attract quality tenants.
Property Details
Property Type
- Other
Est. Annual Taxes
- $7,000
Year Built
- Built in 1921
Lot Details
- 1,510 Sq Ft Lot
- Lot Dimensions are 75 x 20
- Irregular Lot
- Back Yard
- Property is zoned R6
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 3,000 Sq Ft Home
- 3-Story Property
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Utilities
- Baseboard Heating
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 742
Community Details
Overview
- 2 Units
Building Details
- Fuel Expense $4,500
- Utility Expense $1,080
- Gross Income $161,316
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 | $5,541 | $337,050 | $86,850 | $250,200 |
| 2024 | $5,541 | $373,050 | $86,850 | $286,200 |
| 2023 | $5,072 | $345,150 | $86,850 | $258,300 |
| 2022 | $4,592 | $348,750 | $86,850 | $261,900 |
| 2021 | $4,199 | $333,270 | $86,850 | $246,420 |
| 2020 | $4,326 | $323,550 | $86,850 | $236,700 |
| 2019 | $4,224 | $269,550 | $86,850 | $182,700 |
| 2018 | $3,938 | $36,047 | $13,942 | $22,105 |
| 2017 | $3,776 | $33,377 | $14,315 | $19,062 |
| 2016 | $3,368 | $30,906 | $14,620 | $16,286 |
| 2015 | -- | $30,906 | $16,253 | $14,653 |
| 2014 | -- | $29,947 | $18,233 | $11,714 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Price Changed | $3,250,000 | -7.1% | $1,083 / Sq Ft |
| 03/02/2025 03/02/25 | For Sale | $3,499,000 | -- | $1,166 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 489368
APN: 00742-0008
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