Derek Bestreich - Commercial Real Estate Showcase

Derek Bestreich Property Listings
Bestreich Realty Group
1000 Dean St
Suite 311
Brooklyn, NY 11238-3303

199 5th Avenue

Brooklyn, NY 11217 - North Brooklyn Submarket

Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing Year Built:1931
Building Size:4,180 SF Land Area:.03 AC (1,307 SF)
For Sale Price:$3,695,000 Price/SF:$883.97
Cap Rate:5.65 %

Sale Notes:
Bestreich Realty Group has been exclusively retained to sell 199 5th Avenue (Block: 00953, Lot: 0004), located between Berkeley Place and Union Street in the Park Slope section of Brooklyn. This property features three large floor-through apartments and a ground floor storefront. The building is built 19 ft x 55 ft, sits on a 19 ft x 72.25 ft lot and is zoned R6A/C1-4. The property will be delivered with one vacant apartment. All other tenants are on month to month tenancy with no leases.

The property is ideally located in the center of the 5th Avenue restaurant row and retail strip in the heart of Park Slope. The location offers strong retail, strong residential, close proximity to public transportation, Prospect Park, Grand Army Plaza, Brooklyn Museum and public and private schools which makes this a highly desirable location.
This property is located in the Park Slope section of Brooklyn.

Bestreich Realty Group
Derek Bestreich
(718) 360-8801

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