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    7401 5Th Ave Brooklyn, NY 11209

    For Sale
    $3,250,000

    Prime Bayridge location, high ROI potential.

    Property size:
    6,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional six-unit apartment building presents a compelling investment opportunity in the desirable Bayridge neighborhood of Brooklyn, New York. Located at 7401 5th Avenue, this four-story building boasts 6,660 square feet on a 2,182 square foot lot. The property features six units, five of which are stabilized apartments, all featuring renovated box rooms with abundant natural light. The building is in excellent condition and offers a strong stabilized NOI of $133,816, resulting in an attractive 4.12% cap rate. The asking price is $3,250,000. Five additional small retail spaces are currently rented on a month-to-month basis, with rents below market value, presenting significant upside potential for increased income. The building's prime location on 5th Avenue at the corner of 74th Street offers easy access to public transportation, shopping, and various services. The larger two-bedroom apartments are a key feature, appealing to a wide range of tenants. This is a rare opportunity to acquire a well-maintained multifamily property in a highly sought-after Brooklyn location with immediate income and significant long-term growth potential.

    Property Features for 7401 5Th Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,660 SF

    Building Details

    Stories
    4
    Units
    6

    HighLights

    • Excellent location with convenient access to public transportation and abundant retail amenities.
    • Spacious two‑bedroom apartments available.
    • Below‑market rents with month‑to‑month leases offer strong upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T.C.A. Income Tax ... Tax Preparation Service

    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
    -74.0221982
    Latitude
    40.630181

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    FAQs

    What type of property is this?
    Multifamily property - Prime Bayridge location, high ROI potential.
    Where is this multifamily property located?
    The property is located at 7401 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: Excellent location with convenient access to public transportation and abundant retail amenities.; Spacious two-bedroom apartments available.; Below-market rents with month-to-month leases offer strong upside potential.
    Request Owner's contact information
    7401 5Th Ave Brooklyn, NY 11209
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    Brooklyn, NY 11209
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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
    7401 5Th Ave Brooklyn, NY 11209
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