4002 5th Ave - Apartments FOR SALE


Brooklyn, NY 11232- Sunset Park
$2,800,000 USD
718-475-4373
4002 5th Ave, Brooklyn, NY for Sale
$2,800,000 USD
Apartments - FOR SALE
1/2
null | 4.96% Cap Rate

4002 5th Ave
Brooklyn, NY 11232
Sunset Park


OVERVIEW

The Brennan Team of Marcus & Millichap is pleased to exclusively present for sale 4002 5th Avenue, a three-story mixed-use building comprised of 4 large one-bedroom apartments and 2 commercial units. The property is located on the corner of 5th Avenue between 40th Street and 41st Street in the Sunset Park neighborhood of Brooklyn. The subject property was built in 1931 and measures 22 feet wide by 92 feet deep on the ground floor, and 22 feet wide by 67 feet on the 2nd and 3rd floors. The lot extends 95 feet deep and is zoned R6A, C2-4. The subject property is located 5 blocks from the 36 Street [ D, N, R] Train Station, providing easy access to Manhattan and the rest of Brooklyn. 4002 5th Avenue presents the unique opportunity to purchase a corner mixed-use building with a large vacant retail space, situated on the neighborhood’s premier retail corridor. All 4 free-market apartments offer future upside, with residential rental rates at approximately $35-$40/SF in this particular neighborhood.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$563 USD /SF

# OF UNITS

4

PRICE/UNIT

$700,000

CAP RATE

4.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1931

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R6

APN/PARCEL ID

00714-0039

ASK ABOUT THIS PROPERTY

John BrennanMarcus & MillichapMore Info
718-475-4373

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

John BrennanMarcus & MillichapMore Info
718-475-4373

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