Brooklyn, NY 11220,5002 5th AVE
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$6,499,000
Est. payment /mo
7,400 SqFt
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UPDATED:

02/19/2025 11:17 AM

Key Details

Property Type Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,400 sqft

Price per Sqft $878

MLS Listing ID 484018

Year Built 1931

Annual Tax Amount $56,396

Lot Dimensions 30x100

Property Sub-Type Mixed Use

Property Description

Welcome to this Solid brick construction semi-detached 2-family and 5-store in Sunset Park. Attention Investors. I am excited to present a prime investment opportunity located in the highly visible and heavily trafficked Sunset Park area. This property sits on a 30 x 100 lot and is a corner property featuring a mixed-use building with 5 stores and 2 residential units. Situated in the bustling 5th Avenue business district, this property offers exceptional exposure and foot traffic. Property Highlights mixed-use building: Comprising 5 retail stores and 2 residential units. Located on a prominent corner in a high traffic area. The current rent rolls: Net Operating Income (NOI) is approximately $358,749.40 annually. Convenient located close to public transportation, including the R train, and just a few minutes from Brooklyn's Chinatown on 8th Avenue. The amenities include easy access to shopping, grocery stores, restaurants, and more. This property is a rare find in Sunset Park and offers great potential for both retail and residential income. With its strategic location and substantial NOI, it presents an outstanding investment opportunity. For more information or to schedule a viewing, please contact me at your earliest convenience. Don't miss out on this exceptional investment opportunity!

Location

State NY

County Kings (brooklyn)

Area Park Slope

Zoning C4-3A

Rooms

Basement Full, Semi-Finished

Interior

Interior Features None

Hot Water Gas

Heating Gas

Flooring Ceramic, Concrete, Granite, Tile

Heat Source Gas

Exterior

Exterior Feature Brick

Roof Type Flat

Handicap Access No

Building

Story 3

Foundation Poured Concrete

Others

Energy Description Gas

Financing 1031 Exchange,Bank Mortgage,Cash


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Listed by Century 21 Realty First

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agent

Randy Reis

+1(917) 336-1118

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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