5316 Church Ave Brooklyn, NY 11203

Listing agency Phoenix Investment Funds

Listed by Brandon Ghiossi · License #CA 01876857

Source Crexi

Added: Apr 10 Updated: Jul 22 at 11:36AM Checked: Jul 22 at 11:36AM

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Investment Insights

Based on property information with market context.

This 3-unit mixed-use property includes a ground-floor retail unit, two residential units on the upper floor, and a usable basement. The lender is offering the property for sale as it is currently undergoing the foreclosure process, with summary judgment granted on October 11, 2017.

The property is located on a highly populated and trafficked street in Brooklyn, NY, and a responsive receiver is in place.

For buyers and investors, the existing mixed-use configuration provides a foundation for future redevelopment planning, particularly given the current below-market rents referenced in the lender’s materials.

Key Highlights

• 3‑unit mixed‑use property in Brooklyn with ground‑floor retail plus two upper residential units
• Includes a usable basement
• Property is currently in the foreclosure process, with summary judgment granted on October 11, 2017

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FAQs

What type of property is this?

Triplex - Three-unit mixed-use property with ground-floor retail, two upper residential units, and a usable basement.

Where is this triplex located?

The property is located at 5316 Church Ave Brooklyn, NY.

What are key features of this property?

This property features: 3‑unit mixed‑use property in Brooklyn with ground‑floor retail plus two upper residential units; Includes a usable basement; Property is currently in the foreclosure process, with summary judgment granted on October 11, 2017