397 5 AVENUE

For Sale - Brooklyn - Park Slope

$5,750,000

Net Operating Income: $300,173

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Key Details

Property Type
Mixed Use
Neighborhood
Park Slope
Property Dimensions
20.0 x 70.0
Property Area
3,550 sq.ft.
Total Units:
5
Stories:
3
NOI
$300,173
Price
$5,750,000
Price Per Unit
$1,150,000
Cap Rate
5.2%

Listing Description

- 100% free market, 3-story brick mixed-use building
- Recently gut-renovated, fully leased property, generating $300,000 of in-place Net Operating Income
- Ground floor commercial space leased through November 2025
- Each of four apartments feature 2 bedrooms and 2 bathrooms
- Extremely high foot and vehicular traffic
- Located on one of Brooklyn’s strongest retail corridors
- Immediate access to the F, G, R subway lines on 4th Avenue & 9th Street
- Very low RE Taxes

Property Details

Block/Lot:
994/3
Lot Dimensions
20.42 x 70.0
Lot Area
1,429 sq.ft
Zoning:
R6A, C1-4
FAR as Built:
2.0
Max FAR:
3.0
Alex YelonCushman & Wakefield
Contact Agent View Setup

Sales & Transactions

AddressSale PriceSale DateProperty Type
55 5 AVENUE$4,150,00006/19/2018Mixed Use
243 5 AVENUE$2,850,00005/03/2018Mixed Use
330 9 STREET$2,850,00004/27/2018Mixed Use
284 PROSPECT PARK WEST$2,950,00004/11/2018Mixed Use
332 9 STREET$2,300,00003/27/2018Mixed Use
387 6 AVENUE$2,399,00001/29/2018Mixed Use
76 FIFTH AVENUE$344,00011/23/2016Mixed Use
165A FOURTH AVENUE$3,534,00010/20/2016Mixed Use
200 FLATBUSH AVENUE$3,300,00010/05/2016Mixed Use
341 PROSPECT AVENUE$1,440,00009/09/2016Mixed Use