Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 959 4th Avenue, a mixed-use building in the Sunset Park neighborhood in Brooklyn. Located between 36th and 37th Street, the property consists of 2 residential units (2 FM) and a commercial space that is currently occupied by the neighborhood’s beloved bagel store, Enjoy My Bagels.

The property is built full to the 81-foot lot on the ground floor and is built 55 feet deep on the 2nd and 3rd floor level with a total gross footage of 3,820 SF. Additionally, the property consists of two garages, one occupied by the store and the other currently rented by one of the residential tenants. The property has a current gross annual income of $128,400 and a net operating income of $100,244 after expenses.

Located two blocks away from the neighborhood’s staple, Industry City, the property benefits from its proximity to many local restaurants and bars, including Zona Sur Bar Bistro, Industry City Food Hall, and Sahadi’s. It is also located close the N,Q,R, and W trains.