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5721 5th Avenue

Sunset Park - Brooklyn, New York 11220
$2,980,000
MLS 505652 · Active · Mixed Use
Main photo

Description

INVESTOR ALERT – Prime Mixed-Use Building on Brooklyn's bustling 5th Avenue! This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic – both long-standing, stable tenants providing reliable commercial income. Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric – keeping landlord expenses low. Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1,900/month with one year remaining. Projected market rents of $240,000 per year yield a strong 6.5% pro forma cap rate. A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods – ideal for investors and 1031 buyers.

Property

TypeMixed Use
Building TypeAttached
Families4
Stores2
Square Feet3,265
Lot Size25 x 100
Lot Sq Ft2,500
Block / Lot848 / 2

Costs

Price$2,980,000
Taxes$30,000.54
Gross Income$225,600
Net Operating Income$175,100
Cap Rate0.06%

Building & Systems

Heating FuelElectric, Gas
Heat DeliveryBaseboard, Hot Air
Hot WaterGas
ConstructionBlock
ExteriorBrick
RoofFlat
FoundationBlock
FlooringTile, Other
BasementFull, Unfinished

Location

NeighborhoodSunset Park
BoroughBrooklyn
Cross Streets58th St
School District20

Exterior Features

Other

Listed By

Rong Feng Li
(718) 612-3088
everjosh2007@hotmail.com
RE/MAX Edge · (718) 612-3088