526 5th Ave - Freestanding FOR SALE


Brooklyn, NY 11215- Park Slope
$1,800,000 USD
718-490-8821
526 5th Ave, Brooklyn, NY for Sale
$1,800,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

Sep '25


526 5th Ave
Brooklyn, NY 11215
Park Slope


OVERVIEW

*FIRST TIME ON MARKET 20+ YEARS* Prime Park Slope - Brooklyn, New York (NYC) investment/owner-user/developer opportunity at 526 5th Avenue. At least two viable options include: 1- Extend lot line out to capture additional retail square footage 2- Extend to lot line and take advantage of Floor to Area Ration (FAR) buildable to 5,700 square feet. Opportunity to extend the retail property to the lot line. The current gross building area measures 1,430 square feet (SF). Extending to the lot line will increase useable space by 473 SF for a total useable space measuring 1,903 square feet. For further development, property is buildable to 5,700 square feet, total of 4 stories. Current rent comparable are executed at $75 per foot which could yield a potential $142,000 in gross income for retail only. Adding up to 6-residential units on upper floor levels has potential to yield close to an addition $20,000 income each month.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$1,319 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

C4-3A

APN/PARCEL ID

01034-0042

ASK ABOUT THIS PROPERTY

Joseph AizerASG Equities, LLCMore Info
718-490-8821

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Joseph AizerASG Equities, LLCMore Info
718-490-8821

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