Prime Park Slope Investment Opportunity 397 5th Avenue, Brooklyn Discover a meticulously maintained, three story mixed use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn.


Property

Website:https://www.nestseekers.com/5661064
Address:
397 5th Avenue
Brooklyn, NY 11215
Cross street:6th Street
Type:Townhouse
Era:Post-war
Floors:3
Ownership: Mixed Use
Rooms: 16
Bedrooms: Studio

Financials

Price:$4,650,000
Real estate tax:$7,176

Description

**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** 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 apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years, 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.

Amenities

  • Air Conditioning
  • Gas
  • Voice Intercom
  • Walk-up

Contact

578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Compass

397 5th Avenue Brooklyn NY 11215 USA