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    5501 5Th Ave Brooklyn, NY 11220

    Sponsored
    For Sale
    $3,250,000

    8-Unit Multifamily, Prime Location

    Property size:
    6,453 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a well-maintained, 8-unit apartment building situated at 5501 5th Avenue in Brooklyn's desirable Sunset Park neighborhood. The property boasts a total of 6,453 square feet on a 0.038-acre lot (APN 832-8), offering a compelling mix of immediate cash flow and significant upside potential. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $190,917, resulting in an attractive 5.87% cap rate. Built in 1931, this four-story building is zoned C4-3A and features a fee simple ownership structure. Two units benefit from preferential rents below market value, presenting a clear path to increase profitability. The asking price is $3,250,000, translating to $503.64 per square foot. This stabilized multifamily investment offers a rare combination of immediate return and long-term growth potential in a thriving Brooklyn community. The property's strong rental history and prime location make it an ideal acquisition for savvy investors seeking a stable and appreciating asset. The building's solid construction and excellent location within Sunset Park ensure a consistent stream of rental income and potential for future appreciation. This is a turnkey investment ready for immediate ownership.

    Property Features for 5501 5Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,453 SF
    Lot Size
    1,655 SF

    Building Details

    Year Built
    1931
    Buildings
    1
    Stories
    4
    Units
    8

    HighLights

    • 6,453 square foot building
    • 1,644 square foot lot (0.038 acres)
    • 1931 construction
    • Block 832, Lot 8
    • Fee simple ownership
    • $3,250,000 offering price
    Property Profile Location Intelligence

    Current Use by Public Records

    Delgado Travel Travel Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0131677
    Latitude
    40.6420789

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    FAQs

    What type of property is this?
    Multifamily property - 8-Unit Multifamily, Prime Location
    Where is this multifamily property located?
    The property is located at 5501 5Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: 6,453 square foot building; 1,644 square foot lot (0.038 acres); 1931 construction
    Request Owner's contact information
    5501 5Th Ave Brooklyn, NY 11220
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    Brooklyn, NY 11220
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5501 5Th Ave Brooklyn, NY 11220
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