9404 -9406 4th Avenue
Fort Hamilton, Brooklyn, NY
$4,500,000 Price
11 Bedrooms   8.0 Baths

Exceptional Investment Opportunity in Prime Bayridge Location

A Rare and unmatched investment opportunity in Bayridge, steps from the R train on 4th Ave.
An outstanding 7.6% cap rate including a restaurant generating a gross annual income in excess of $2 million.
...

Exceptional Investment Opportunity in Prime Bayridge Location

A Rare and unmatched investment opportunity in Bayridge, steps from the R train on 4th Ave.
An outstanding 7.6% cap rate including a restaurant generating a gross annual income in excess of $2 million.

Residential:

- The 2 buildings generate net annual gross income of $345,000 ($145,000 from the rental units and $240,000 from the restaurant space).
- Comprising of 6 free-market rental units (fully occupied with month-to-month leases) and a fully operational restaurant.
- Every apartment is individually metered for electric, the Penthouses have their own boiler, heat and washer/dryer.
- 2 leases end October '25 for 9406; rest on a month-to-month basis.

Commercial space:

Steak & Ale House
- This profitable restaurant generates over $2 million in gross annual revenue.
- 110-seat dining area, 20-seat bar, 50-seat banquet room.
- 4059 sf above grade; 4059 sf below grade. Fully vented with liquor license.
- Below grade space has 5 walk-in refrigerators, prep area, ovens, receiving area, storage- Liquor + dry + wet goods etc; 6'-8'ft ceiling height.
- Open for lunch and dinner, 6 days a week, liquor license and banquet facility.
- High Potential to add breakfast and brunch services, take-out options, increase dining hours, increase banqueting services and open 7 days a week.
- Prospective investor can rent the restaurant for $20,000- $25,000 month $46/sf+ $8/sf below grade NNN.
- Presently operated by the owners, the fully operational business can also be bought out. Inquire for pricing.

Key Features:

Lot Dimensions: bldg 9404: 19.5 ft x 96.5 ft ; bldg 9406: 19.5 ft x 107.58 ft
Building Dimensions: bldg 9404: 19.5 ft x 63 ft ; bldg 9406: 19.5 ft x 63 ft
Total square footage as built: 8,987 sq ft Available Air Rights: 3,190 sq ft.
Total Apartments: 6 (3 per building; All Free Market)
Commercial Units: 1 (Fully operational restaurant)
Zoning: R6A, C2-3, BR
Stories: 3

Current Layouts of combined lots:

3rd Level: Conv 4BR/2BA + mud room + Washer dryer; 3BR/2BA+ washer dryer. Both with skylights.
2nd Level: 4 four 1BR/1BA apartments.
1st Level: Fully operational restuarant with liquor license and banquet facilities.
Basement: Equipped with prep areas, walk in cold storage, and office space.
Roof Access: Yes.

Tax Information:
Total Taxes: $30,472.60 annually.

Please email for pro forma. rg at bhsusa.com.



Floorplan for 9404 -9406 4th Avenue

Floorplan for 9404 -9406 4th Avenue

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Fort Hamilton, Brooklyn, NY
Type: House
Price: $4,500,000
Re Tax: $2,539
Date Listed: 11/7/2024
Web ID: 23238924

Info & Amenities

Type: Commercial/Residential
Rooms: 29.0
Bedrooms: 11
Bathrooms: 8.0

Listing Agent(s)

Brown Harris Stevens Real Estate Agent Rex Gonsalves
Rex Gonsalves
Email Rex
o: 212-381-4245
c: 617-240-6655

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