474 5th Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11215- Park Slope
$4,250,000 USD
718-475-4300
474 5th Ave, Brooklyn, NY for Sale
$4,250,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 7.1% Cap Rate

474 5th Ave
Brooklyn, NY 11215
Park Slope


HIGHLIGHTS

  • 100% Free Market
  • 7.1% Cap Rate in Place
  • Finished Product - beautiful building
  • Great location

OVERVIEW

474 5th Avenue is a 3-unit mixed-use building located along Park Slope’s 5th Avenue retail corridor between 10th and 11th Street. Listed at $4,250,000, and it’s as clean as they come. The property was completely gut-renovated down to the studs - new systems, structure, and finishes throughout. This is not a light cosmetic update — it’s a full rebuild that shows the moment you walk through it. There is nothing to do here but sit back, relax, and collect rent from day 1. The rent roll is producing approximately $302,000 in net income, making it a true cash-flowing asset right out of the gates. There’s no deferred maintenance, no arrears, and all tenants pay on time. Both apartments have incredible outdoor space and feel extra spacious due to the 21.5’ width Located on one of the strongest retail and residential corridors in Park Slope, 5th Avenue continues to benefit from consistent foot traffic, neighborhood density, and long-term demand. Well located within steps of multiple subway lines. For buyers looking for a finished product with serious income in a proven location, 474 5th Avenue is a great deal

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$1,250 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1921

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C4-3A

APN/PARCEL ID

01016-0042

ASK ABOUT THIS PROPERTY

Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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Andrew BronsteenNew York MultifamilyMore Info
718-475-4300

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