Listing Courtesy of: REBNY / Compass
397 5th Avenue New York City, NY 11215
Active (131 Days)
$5,375,000
Description
MLS #:
COMP-1651609433768137057
COMP-1651609433768137057
Taxes
$7,212
$7,212
Type
Multifamily
Multifamily
Year Built
1899
1899
County
Kings County
Kings County
Community
Park Slope
Park Slope
Listed By
Louis Esposito, Compass
Source
REBNY
Last checked Dec 22 2024 at 5:05 AM GMT+0000
REBNY
Last checked Dec 22 2024 at 5:05 AM GMT+0000
Bathroom Details
- Full Bathrooms: 4
- Half Bathrooms: 2
Interior Features
- Laundry: See Remarks
- Wet Bar
- Sound System
- Recessed Lighting
- High Ceilings
- Chandelier
- Bar
Subdivision
- Park Slope
Property Features
- Fireplace: 0
Heating and Cooling
- Wall Furnace
- Natural Gas
- Forced Air
- Central
- Central Air
- Wall Unit(s)
Stories
- 3
Living Area
- 3,828 sqft
Location
Listing Price History
Date
Event
Price
% Change
$ (+/-)
Oct 04, 2024
Price Changed
$5,375,000
-12%
-725,000
Aug 12, 2024
Original Price
$6,100,000
-
-
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
%
Interest rate
%Mortgage calculator estimates are provided by C21 Awaye Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Real Estate Board of New York (REBNY). All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/21/24 21:05
Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods.
Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income.
Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth.
In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don’t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.