67 5th Avenue, Brooklyn, New York, 11217

67 5th Avenue Apt: 0
Brooklyn NY 11217

Cross street:Saint Marks Avenue

Building

Type:Low-rise
Era:Post-war
Floors:4

Property

Ownership: Mixed Use
Rooms: 7
Bedrooms: 3 BR
Bathrooms: 2
Pets: Pets No

Financials

Price: $2,750,000
578 Driggs Avenue Brooklyn, NY 11211
Courtesy of The Corcoran Group

Description

Unique opportunity! This mixed-use 3-unit building in Park Slope has already been converted to three separate condos. Featuring two residential apartments plus one ground floor retail, 67 5th Avenue is special as it provides enormous flexibility to use as a primary residence, investment, or both. All three units are condos and are being sold together as one package. The two residential units are in excellent condition, spacious, and each come with their own private outdoor space, making these absolutely turnkey apartments. The top floor loft-like apartment is flooded with natural light and features hardwood floors, a kitchen off the living room with double-height ceilings, large master bedroom, and an upstairs den/2nd bedroom that leads to a large private deck. The second-floor residence is a large and stylish one-bedroom with a large private deck. The street-level retail store is a fantastic neighborhood staple, Sip Fine Wine, whose recent designation as an essential business makes this shop an even stronger asset to the building. The possibilities here are plentiful; you can use it as is - live in one apartment and collect rent from the other units. Combine apartments, expand, and create a magnificent home. Keep it all to yourself or collect income from all three units. You get the picture...endless possibilities with infinite potential. As a pure investment, the building provides an excellent revenue stream as three separate rentals, yielding a 5.3% cap rate. With the potential for expansion (FAR As Built is 1.7, Allowable FAR is 3.0) and the benefit of each unit already being converted to condo, there is tremendous opportunity in this building. Located on vibrant 5th Avenue in the very heart of Park Slope. Enjoy the convenience of having top-notch restaurants and boutique shopping right on your doorstep -- and the luxury of living a stone's throw from Brooklyn's finest cultural attractions: Prospect Park, BAM, Barclays Center, Brooklyn Botanic Garden, Brooklyn Museum and the Brooklyn Public Library. Please reach out to the listing agent to schedule a private appointment.

Amenities

  • Terrace
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

Unique opportunity ! This mixed use 3 unit building in Park Slope has already been converted to three separate condos.

Description

Unique opportunity! This mixed-use 3-unit building in Park Slope has already been converted to three separate condos. Featuring two residential apartments plus one ground floor retail, 67 5th Avenue is special as it provides enormous flexibility to use as a primary residence, investment, or both. All three units are condos and are being sold together as one package. The two residential units are in excellent condition, spacious, and each come with their own private outdoor space, making these absolutely turnkey apartments. The top floor loft-like apartment is flooded with natural light and features hardwood floors, a kitchen off the living room with double-height ceilings, large master bedroom, and an upstairs den/2nd bedroom that leads to a large private deck. The second-floor residence is a large and stylish one-bedroom with a large private deck. The street-level retail store is a fantastic neighborhood staple, Sip Fine Wine, whose recent designation as an essential business makes this shop an even stronger asset to the building. The possibilities here are plentiful; you can use it as is - live in one apartment and collect rent from the other units. Combine apartments, expand, and create a magnificent home. Keep it all to yourself or collect income from all three units. You get the picture...endless possibilities with infinite potential. As a pure investment, the building provides an excellent revenue stream as three separate rentals, yielding a 5.3% cap rate. With the potential for expansion (FAR As Built is 1.7, Allowable FAR is 3.0) and the benefit of each unit already being converted to condo, there is tremendous opportunity in this building. Located on vibrant 5th Avenue in the very heart of Park Slope. Enjoy the convenience of having top-notch restaurants and boutique shopping right on your doorstep -- and the luxury of living a stone's throw from Brooklyn's finest cultural attractions: Prospect Park, BAM, Barclays Center, Brooklyn Botanic Garden, Brooklyn Museum and the Brooklyn Public Library. Please reach out to the listing agent to schedule a private appointment.

Amenities

  • Terrace
  • Voice Intercom
  • Walk-up

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.