5721 5th Ave

New York NY 11220

3265 sq. ft.

0.06 ac.

Other

Currently for sale - view listing

Overview

INVESTOR ALERT Prime Mixed-Use Building on Brooklyn's bustling 5th Avenue! This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic both long-standing, stable tenants providing reliable commercial income. Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric keeping landlord expenses low. Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1,900/month with one year remaining. Projected market rents of $240,000 per year yield a strong 6.5% pro forma cap rate. A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods ideal for investors and 1031 buyers.

Features

3265 sq. ft. floor area

0.06 ac. lot size

Other

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