Mixed-Use Property in Sunset
5405 5th Ave, Brooklyn, NY 11220
Newly renovated mixed-use property with storefront and apartments in Brooklyn.
Type:Mixed Use
Property size:
1,080 SFLot size:
0.04 AcresPrice / SF:
$3,222/SF- Added:
- May 21, 2020
- Days on Market:
- 2194
- Last Refresh:
- May 19 at 8:41 pm
Property Features for 5405 5th Ave
General Information
- Standard status
- Active
- Size
- 1,080 SF
- Lot size
- 0.04 Acres
- Property subtype
- Mixed Use
Listing agent Jean Paul Ho
Listing office BROOKLYN REAL PROPERTY INC
Listing date May 21, 2020
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BROOKLYN REAL PROPERTY INC
HighLights
- Newly rebuilt, gut‑renovated legal 3‑family property with storefront and legal basement storefront/office/storage.
- Prime location on 6th Avenue and 54th Street in Sunset Park, a busy, high‑traffic area.
- High income potential with a projected $366,000 yearly income and a 7% cap rate.
- Three large residential apartments, each with 4 bedrooms, 2 full baths, and 2 balconies (approximately 1,822 sq ft).
- Storefront (1,080 sq ft) with a full finished basement, separate entrance, boiler, and bathroom.
- Conveniently located near the 8th and 4th Avenue shopping corridor, trains, and restaurants.
Overview
Located on 6th Avenue and 54th Street in Sunset Park, Brooklyn, this mixed-use property features a storefront and three residential apartments. The building has been rebuilt and renovated from the ground up. The property is a legal three-family structure with a storefront and a legal basement suitable for a storefront, office, or storage. Each of the three residential apartments includes four bedrooms, two full bathrooms, and two balconies. The apartments feature ample closet space and high ceilings, with an average size of 1,822 square feet. The units have new kitchens, bathrooms, and floors. The storefront measures 1,080 square feet and includes a finished basement with high ceilings, a bathroom, a separate entrance, and a boiler. The building size is 20 x 55 feet, situated on a 20 x 80 foot lot. The zoning is R6 S2. The storefront is currently occupied by a discount 99 cents store on a month-to-month basis, paying $5,000 per month on a NNN lease. The property is located near the 8th or 4th Avenue shopping corridor, with access to trains and restaurants. The property has a projected cap rate of 7% with potential upsides, with a projected annual income of $366,000 based on market values.
Property Profile
Location Intelligence
Current Use by Public Records
Q Spot Inc
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.012542
- Latitude
- 40.6426
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Newly renovated mixed-use property with storefront and apartments in Brooklyn.
Where is this mixed-use property located?
The property is located at 5405 5th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,480,000.
What are key features of this property?
This property features: Newly rebuilt, gut‑renovated legal 3‑family property with storefront and legal basement storefront/office/storage.; Prime location on 6th Avenue and 54th Street in Sunset Park, a busy, high‑traffic area.; High income potential with a projected $366,000 yearly income and a 7% cap rate.
