5721 5th Avenue, Brooklyn, New York 11220
- $2,980,000
- 3,265
- SqFt
- List Price
- $2,980,000
- Status
- ACTIVE
- MLS#
- 505652
- Sq. Ft
- 3,265
Property Description
INVESTOR ALERT – Prime Mixed-Use Building on Brooklyn's bustling 5th Avenue! This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic – both long-standing, stable tenants providing reliable commercial income. Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric – keeping landlord expenses low. Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1,900/month with one year remaining. Projected market rents of $240,000 per year yield a strong 6.5% pro forma cap rate. A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods – ideal for investors and 1031 buyers.
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Additional Information
- Lot Size
- 2,500
- Parking Description
- Other
- Heat Source
- Electric, Gas
- Sale Type
- Arm's Length
- Bank Financing
- 1031 Exchange, Bank Mortgage, Cash
- Building Type
- Attached
- Basement
- Full, Unfinished
- Lot Dimensions
- 100 x 25
- Estimated Yearly Tax Amount
- $30,000
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Listing courtesy of RE/MAX Edge.