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    5405 5Th Ave Brooklyn, NY 11220

    For Sale
    $3,100,000

    Prime Brooklyn location, high-income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional mixed-use property, located at 5405 5th Ave in Brooklyn, NY 11220, presents a lucrative investment opportunity. The newly rebuilt, gut-renovated building boasts a prime location on a busy, high-traffic area near the 8th and 4th Avenue shopping corridors and various transportation options. The property features three spacious residential units, each comprising four bedrooms, two full bathrooms, and two balconies, averaging 1,822 square feet with high ceilings. Each unit includes ample closet space and updated kitchens and bathrooms. Currently, the units are on month-to-month leases. In addition to the residential units, the property includes a 1,080-square-foot storefront with a full finished basement, offering high ceilings and a separate bathroom entrance. The basement also houses the building's boiler. The storefront, currently occupied by a discount store on a month-to-month basis paying $5,000 NNN, offers significant upside potential. The building sits on a 20 x 80 lot, with the building itself measuring 20 x 55. The property is zoned R6 S2. With a projected annual income of $366,000 and a projected cap rate of 7%, this mixed-use property offers substantial returns and significant upside potential. The building is a legal three-family dwelling with a legal storefront and basement storefront/office/storage space. This is a rare opportunity to acquire a high-performing asset in a rapidly developing area of Brooklyn.

    Property Features for 5405 5Th Ave

    General Information

    Property type
    Mixed-use properties

    Building Details

    Units
    5

    HighLights

    • Prime Sunset Park location at 6th Avenue and 54th Street, high‑traffic area.
    • Legally‑compliant three‑family building with two storefronts (one ground floor, one basement), completely gut‑renovated.
    • Three 4‑bedroom, 2‑bathroom residential units, each approx. 1,822 sq ft with high ceilings, balconies, and ample closet space.
    • 1,080 sq ft ground floor storefront (currently a 99‑cent store on a month‑to‑month, $5,000 NNN lease) and a finished basement storefront/office/storage with separate entrance and bathroom.
    • Building: 20' x 55', lot: 20' x 80', R6 S2 zoning.
    • Projected annual income: $366,000, projected cap rate: 7%, significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Q Spot Inc Gift Shop

    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
    -74.012676
    Latitude
    40.642649

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Brooklyn location, high-income potential.
    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 $3,100,000.
    What are key features of this property?
    This property features: Prime Sunset Park location at 6th Avenue and 54th Street, high-traffic area.; Legally-compliant three-family building with two storefronts (one ground floor, one basement), completely gut-renovated.; Three 4-bedroom, 2-bathroom residential units, each approx. 1,822 sq ft with high ceilings, balconies, and ample closet space.
    Request Owner's contact information
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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
    5405 5Th Ave Brooklyn, NY 11220
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