480 5th AVE new Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11215
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 915437
Year Built 1920
Annual Tax Amount $23,071
Lot Size 1,398 Sqft
Property Sub-Type Multi Family
Property Description
Prime Mixed-Use Corner Building for Sale
This is a rare opportunity to acquire a mixed-use investment property situated on a prominent corner lot along 5th Avenue in the heart of Park Slope, one of Brooklyn's most desirable neighborhoods. The building features a total of seven residential units along with a ground-floor retail store. Among the residential units are one studio and five one-bedroom apartments, providing a mix that appeals to a wide tenant base. All of the units are rent-stabilized except for one, ensuring steady income while also offering long-term upside potential.
The retail space benefits from excellent corner visibility and consistent foot traffic on busy 5th Avenue, making it highly attractive to commercial tenants. With its prime location surrounded by popular shops, restaurants, and everyday conveniences, this property combines strong cash flow with future growth opportunities. It presents an excellent investment for both owner-operators and investors seeking a stable asset in one of Brooklyn's most vibrant corridors. Over 6 Cap Rate
Location
State NY
County Kings (brooklyn)
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Exterior
Parking Features On Street
Utilities Available Electricity Connected,Natural Gas Connected,Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None