390 5th Ave - Apartments FOR SALE


Brooklyn, NY 11215- Park Slope
$5,750,000 USD
718-475-4382
390 5th Ave, Brooklyn, NY for Sale
$5,750,000 USD
Apartments - FOR SALE
1/16
null | 6.5% Cap Rate

390 5th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • Asking Price: $5,750,000
  • Square Footage: 5,979 SF
  • Asset Type: Mixed Use - 7 units
  • 100% Free Market
  • Completely Renovated
  • 2 Duplex Apts w Outdoor space

OVERVIEW

The New York Multifamily team at Marcus & Millichap is proud to present 390 5th Avenue in prime park slope. Seven-unit mixed-use building on 5th Avenue in the heart of Park Slope, offered at $5,750,000 — a 6.55% cap on $376,412 of in-place NOI. The building is fully renovated and turnkey, with a unique array of apartments featuring two duplex units. Half the apartments have outdoor space. The bar/lounge 390 Social has also been completely remodeled and renovated and does strong business. This building is located along Park Slope's busiest retail corridors - 5th Avenue and benefits from being in direct shot of the subway. Fully free-market, cashflowing from day 1. This building is available individually or as part of the three-building 2B Turnkey Collection.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$962 USD /SF

# OF UNITS

7

PRICE/UNIT

$821,429

CAP RATE

6.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Finished Product Free Market | 6.5% Cap

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6A, C1-4

APN/PARCEL ID

00993-0036

ASK ABOUT THIS PROPERTY

Shaun RineyMarcus & MillichapMore Info
718-475-4382

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Shaun RineyMarcus & MillichapMore Info
718-475-4382

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