Mixed-Use Property in Sunset
For Sale
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5405 5th Ave, Brooklyn, NY 11220
Newly renovated mixed-use property with storefront and apartments in Brooklyn.
Property Size1,080 SF
Lot Size0.04 Acres
Price / SF$3,222
Days on Market2284
Property Features for 5405 5th Ave
General Information
Standard status
Active
Size
1,080 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Building Details
Units
5
Listing Agency:
BROOKLYN REAL PROPERTY INC
(718) 713-6888
Listed By:
Jean Paul Ho
Source:
Crexi
Added: May 21, 2020
Changed: Aug 17
Last Checked: Aug 21 at 4:37AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,915
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 36%
Shops & Services 32%
Dining 18%
Apparel 10%
Bravo Supermarkets
Groceries
15,635 visits/mo
0.3 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.2 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.2 miles
Bravo Supermarkets
Groceries
5,355 visits/mo
0.4 miles
Sunoco
Shops & Services
3,761 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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.
