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5415 8th Avenue

Sunset Park - Brooklyn, New York 11220
$5,890,000
MLS 505520 · Active · Mixed Use
Main photo

Description

Prime Sunset Park Mixed-Use Building For Sale! Excellent investment opportunity featuring a 3-story building with a full finished basement—2 family and 1 commercial storefront. Lot size 20x80; Building size: 1FL 20x80, 2FL&3FL 20x56. Ideally located on 8th Avenue in the heart of Sunset Park, a highly desirable commercial corridor with strong foot traffic and excellent visibility.The ground-floor retail unit is currently a pharmacy with 1 year remaining on the lease and a 3-year option to renew; rent includes 25% of property tax. The 2nd and 3rd floor residential units have been renovated and require no additional work. The residential units can be DELIVERED VACANT, offering great flexibility for owner-use or rental. Convenient to N train and B9, B70 bus lines, restaurants, supermarkets, and all neighborhood amenities. Excellent income-producing property with a current 5.6% cap rate and strong potential to reach 6.71%! A rare find in a prime 8th Avenue location! All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.

Property

TypeMixed Use
Building TypeAttached
Year Built1930
Stories3
Families2
Stores1
Square Feet3,840
Building Size20.00 x 80.00
Lot Size20 x 80
Lot Sq Ft1,600
ZoningR6, C1-3
Block / Lot5672 / 4

Costs

Price$5,890,000
Taxes$16,254
Gross Income$348,000
Gross Expenses$18,390.50
Net Operating Income$329,609.50
Cap Rate0.06%

Building & Systems

Heating FuelOther
Heat DeliveryOther
Hot WaterOther
ConstructionBrick
ExteriorBrick
RoofOther
FoundationOther
FlooringHardwood
BasementFinished, Full

Location

NeighborhoodSunset Park
BoroughBrooklyn
Cross Streets8th Avenue & 55th Street
School District20

Interior Features

Restrooms - Staff, Other

Exterior Features

Sign - Building

Listed By

Xiu Qin (Jenny) Zou
(718) 676-2518
xiuqinzou2008@gmail.com
Fang Fang Realty Inc · (718) 676-2518