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GFI Realty Services retained to sell 4809 & 4815 14th Avenue

GFI Realty Services has been retained to sell 4809 & 4815 14th Avenue, a 11,458-square-foot retail condo in Borough Park. The condo is comprised of four occupied units across the ground level and the cellar, including three medical offices and a daycare.  

  • Worth Noting: GFI Realty associate director Ohad Babo and associate David Levinson will oversee the sale of the condo, with pricing targeted at $11 million. The asset is situated at the base of a newly constructed six-story elevator apartment building, completed in 2019.
  • Be Smart: The asking price translates to a cap rate of 5.1 percent. 
  • Solid location: The asset is surrounded by numerous eateries, shops and retailers located on 13th Avenue, a commercial strip roughly one mile in length from 39th to 55th Streets. The property is just a short walk from Fort Hamilton Parkway, a 4.1-mile thoroughfare, and the F & G subway lines.

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