474 5th Ave, Brooklyn, NY 11215
Three-unit mixed-use building in prime Park Slope location.
- Added:
- Mar 12, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 19 at 10:58 pm
Property Features for 474 5th Ave
General Information
- Standard status
- Active
- Size
- 4,955 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1921
Listing office Marcus & Millichap - Manhattan
Listing date Mar 12, 2026
Source Crexi
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HighLights
- Completely gut‑renovated with new systems, structure, and finishes
- Producing approximately $302,000 in net income
- Located on Park Slope's 5th Avenue retail corridor, benefiting from high foot traffic and demand
- All tenants pay on time with no deferred maintenance or arrears
- Both apartments have incredible outdoor space
- Steps away from multiple subway lines
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $385.3k | $77.76 |
| − Vacancy | −$45.9k | −$9.25 |
| EGI | $339.5k | $68.51 |
| − OpEx | −$101.8k | −$20.55 |
| NOI | $237.6k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.987781
- Latitude
- 40.667758
