212-372-2165
363 6th Ave, Brooklyn, NY for Sale
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

363 6th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • MIXED-USE ASSET WITH 3 FAIR MARKET APARTMENTS, 1 CORNER RETAIL UNIT AND PARKING
  • PROMINENT CORNER WITH 108’ OF WRAPAROUND FRONTAGE AND TAX CLASS 2A PROTECTION
  • DELIVERED IN LEASE-UP WITH THE OPPORTUNITY TO OPTIMIZE OPERATING INCOME IN-LINE WITH COMPETITIVE MARKET RATES
  • JUST THREE BLOCKS WEST OF PROSPECT PARK
  • CONVENIENT ACCESS TO TRANSPORTATION VIA THE F, G, AND R SUBWAY LINES

OVERVIEW

Newmark has been retained on an exclusive basis to arrange for the sale of 363 6th Avenue, Brooklyn, NY (the “Property” or “Offering”). The approximately 5,840 SF mixed-use Property occupies the corner of 6th Avenue and 5th Street in the Park Slope neighborhood of Brooklyn, with wraparound frontage of 20’ on 6th Avenue and 88’ on 5th Street. The Property is comprised of one ground-floor retail unit, three fair market apartments, and three parking spaces. The retail unit totals approximately 1,240 SF on the ground floor and 1,000 SF of basement space, benefiting from prominent corner exposure along the 6th Avenue retail corridor. The apartments are full-floor three-bedroom, two-bathroom residences of approximately 1,200 SF each, all newly renovated and equipped with in-unit washer and dryers, central air conditioning, dishwashers, and hardwood floors. The Offering is being delivered in lease-up, presenting a new owner with the rare opportunity to establish the rent roll at market and capture the full benefit of the recent capital expenditures. 363 6th Avenue is ideally located in the family-friendly neighborhood of Park Slope, Brooklyn, offering an array of amenities. The Property is just three blocks west of beautiful Prospect Park and positioned among the neighborhood’s most sought-after public and private schools, including PS 321, as well as renowned restaurants, trendy boutiques, and daily-needs retail. The Property is a short walk to the 7th Avenue and 4th Avenue-9th Street stations servicing the F, G and R subway lines for convenient access to all of NYC. All inquiries should be directed to Newmark.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6B

APN/PARCEL ID

00986-0001,00988-0074

ASK ABOUT THIS PROPERTY

Daniel O'BrienNewmarkMore Info
212-372-2165

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Daniel O'BrienNewmarkMore Info
212-372-2165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.