$5,200,000

4721 Church Ave Brooklyn, NY 11203

East Flatbush Neighborhood

Estimated payment $34,750/month

Total Views 6,194
-- Bed
-- Bath
10,467 Sq Ft
$497 Price per Sq Ft

About This Home

Flatbush Prime Corner 3 story Building

3 stores and 8 apartments. Apartments are free market rent.

Each apartment has their own heating, hot water tanks, air conditioning and are paid by tenants.

Store #1 - Corner Bakery - $7,576. Lease Exp: 2/2030
Store #2 - Smoke Shop - $5,409 Lease Exp: 3/2030
Store #3 - Church - $2,784
All Stores have a 3% Increase per annum

Apartments: 2/1 Bedroom - 4/2 Bedrooms - 2/3 Bedrooms

Apt 1 - 1 Bedroom, 1 Bath $2,484 Sec 8
Apt 2 - 1 Bedroom, 1 Bath $2,057 Sec 8
Apt 3 - 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 4 - 2 Bedrooms, 1 Bath $2,762
Apt 5 - 2 Bedrooms, 1 Bath $2762 Sec 8
Apt 6 - 2 Bedrooms, 1 Bath $2,762 Sec 8
Apt 7 - 3 Bedrooms, 2 Baths $3,084
Apt 8 - 3 Bedrooms, 2 Baths $3,220
Apartments have their own heating, hot water tanks, air conditioning and are paid by tenants.

Taxes: $77,075. Insurance: $9,000 Electric: $1,500 Water: $6,800 Repairs: $8,000 Payroll: $8,000 Heat,, A/C, Gas Pd by Tenants

Gross Income $451,944 Net Income $355,063 Cap Rate 6.8

Listing Agent

Samuel Mizrahi

Listed on: 08/24/2023

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $77,000

Year Built

  • Built in 1929

Lot Details

  • 3,713 Sq Ft Lot
  • Lot Dimensions are 40x92
  • Property is zoned R5

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete
  • Block Wall

Interior Spaces

  • 10,467 Sq Ft Home
  • 3-Story Property
  • Ceiling height between 8 to 10 feet
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 4673

Community Details

Overview

  • 8 Units

Building Details

  • Insurance Expense $6,000
  • Utility Expense $1,200
  • Gross Income $451,944
  • Net Operating Income $348,883

Property Details

Property Type

Other

Est. Annual Taxes

$77,000

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Basement Amenities: Full, Other
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 3280
  • Building Length: 82.00
  • Building Width: 40.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Fire - Smoke Alarm
  • Confirmed By M L S Y N: Yes
  • Cross Street: Schenectady Ave
  • Cross Street Name2: East 48th St
  • Heat Delivery: Hot Water, Other
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 10467
  • Building Stories: 3
  • Street Name I D X: Church
  • Street Number I D X: 4721
  • Year Built: 1929
  • Special Features: None
  • Stories: 3

Interior Features

  • Ceiling: 8-10 Foot
  • Flooring: Hardwood, Other
  • Lot Sq Ft: 3713
  • Walls: Block

Exterior Features

  • Yard: Other, None
  • Exterior Building Type: Semi-Detached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete, Other
  • Lot Number: 35
  • Road Frontage: 40
  • Roof: Flat

Utilities

  • Electric: Circuit Breakers
  • Heating Fuel: Gas
  • Hot Water: Gas

Lot Info

  • Lot Dimensions: 40x92
  • Lot Size Irregular: No
  • Lot Size Length: 92
  • Lot Size Width: 40
  • Zoning: R5

Rental Info

  • Rent Income: 451944

Multi Family

  • Annual Gross Expense: 110000.00
  • Annual Gross Income: 451944
  • Insurance Expense: 6000.00
  • Miscellaneous Expense: 8000.00
  • Property Net Operating Income: 348883.00
  • Unit Count: 11
  • Annual Utility Expenses: 1200.00

Tax Info

  • Flip Tax Amount: 77000.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Price Changed $5,200,000 +10.6% $497 / Sq Ft
08/24/2023 08/24/23 For Sale $4,700,000 -- $449 / Sq Ft
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 476425

Brooklyn Board of REALTORS®

APN: 04673-0035

New York Kings County Brooklyn 11203 East Flatbush

4721 Church Ave, Brooklyn, NY

This home is located at 4721 Church Ave, Brooklyn, NY 11203 and is currently priced at $5,200,000, approximately $496 per square foot. This property was built in 1929. 4721 Church Ave is a home located in Kings County with nearby schools including Ps 135 Sheldon A Brookner, East Flatbush Community Research School, and East Flatbush Ascend Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Listing Agent
Samuel Mizrahi