Active

5002 5th Avenue

Brooklyn NY, 11220

$6,499,000


$878.24 per sqft

Active

7,400 sqft

Multi-family

Built in 1931

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!

484018

MLSⓇ ID

August 8, 2024

Listed

November 25, 2024

Updated

Map

5002 5th Avenue
Brooklyn NY, 11220

Interior Features

Total Stories

3


Interior Features

Ceramic Tile, Concrete, Tile


Appliances

Gas Water Heater


Floor Description

Ceramic Tile, Concrete, Tile


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Steam, Natural Gas

Exterior/Building Features

Lot Size

0.07 Acres

Other Property Details

Area Name

Brooklyn


Taxes

$56,396


Tax Frequency

Annually


Days on Market

152


Garage

No


View

No


County

Kings


Pool

No


Zoning

C4-3A

Listing History

Date

Event

Price

9/10/2024

Price change

$6,499,000

-8%

Listed by Kun (John) Wu with Century 21 Realty First
Listing Contact: 7187585838 

Based on information from Brooklyn Board of REALTORS®. Data last updated 11/25/2024. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Parkview Terrace Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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