397 5th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11215- Park Slope
$5,375,000 USD
718-781-8310
397 5th Ave, Brooklyn, NY for Sale
$5,375,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 5.8% Cap Rate

397 5th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • Full Ground UP Renovation (2018)
  • Heavy Foot Traffic
  • Great Investmemt Opportunity
  • Commerical space can be delivered vacant

OVERVIEW

*Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods. Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.5% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don’t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.

FOR SALE DETAILS

PRICE

$5,375,000 USD

PRICE/SF

$1,514 USD /SF

CAP RATE

5.8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1899

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

R6A

APN/PARCEL ID

00994-0003

ASK ABOUT THIS PROPERTY

Louis EspositoCompassMore Info
718-781-8310

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Louis EspositoCompassMore Info
718-781-8310

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.