397 5th Avenue, Brooklyn, NY 11215
397 5th Avenue, Brooklyn, NY 11215
397 5th Avenue, Brooklyn, NY 11215
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Listing Courtesy of Compass
$4,650,000
Est. payment /mo
8 Beds
5 Baths
3,828 SqFt
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Key Details

Property Type Multi Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,828 sqft

Price per Sqft $1,214

Subdivision Park Slope

MLS Listing ID RLS20078243

Bedrooms 8

Full Baths 6

Half Baths 2

HOA Y/N Yes

Year Built 1899

Annual Tax Amount $7,176

Property Sub-Type Multi Family

Property 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.

Location

State NY

County Kings

Rooms

Basement Full

Interior

Interior Features Wet Bar, Built-in Features, Chandelier, High Ceilings, Recessed Lighting, Sound System, Bar

Heating Central, Forced Air, Natural Gas, Wall Furnace

Cooling Central Air, Wall Unit(s)

Flooring Hardwood

Furnishings Unfurnished

Fireplace No

Laundry See Remarks

Exterior

Exterior Feature Private Entrance, Private Outdoor Space Under 60 Sqft

View Y/N No

Private Pool No

Building

Dwelling Type Multi Family,Mixed Use

Story 3

New Construction No

Others

Tax ID 00994-0003

Ownership None

Monthly Total Fees $598

Pets Allowed Building No, No


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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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