5811 5th AVE Active Save Request In-Person Tour Request Virtual Tour
Brooklyn,NY 11220
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $342
MLS Listing ID 489158
Year Built 1958
Annual Tax Amount $25,886
Lot Dimensions 2600
Property Sub-Type Mixed Use
Property Description
Exquisite Investment Opportunity in Sunset Park – Premier Mixed-Use Property 2 stores + 6 familys with Exceptional Growth Potential
Nestled in the heart of Sunset Park, Brooklyn, this distinguished mixed-use property presents an unparalleled opportunity for investors, developers, and visionaries seeking a high-yield, value-driven acquisition. Seamlessly blending commercial vitality with residential stability, this property is a true gem in one of Brooklyn's most dynamic neighborhoods.
This exceptional asset features two prominent commercial storefronts and six well-maintained residential units, offering a rare combination of immediate income generation and long-term appreciation. Sitting on a 26 ft x 100 ft lot, with a building footprint of 26 ft x 64 ft, it provides versatile space configurations to maximize revenue potential. R6A, C2-4 zoning unlocks a world of possibilities for redevelopment, expansion, or reconfiguration to further enhance investment returns.
With a robust 6% cap rate, this asset guarantees steady cash flow and significant upside potential through strategic enhancements and rental growth. Located in bustling Sunset Park, known for its vibrant cultural scene, thriving business district, and unparalleled accessibility, this property benefits from strong tenant demand and exceptional foot traffic.
Boasting timeless architectural charm and thoughtfully designed interiors, this property stands as a testament to classic elegance and modern functionality. Surrounded by major transit options, lively retail corridors, parks, and essential amenities, it offers an unmatched living and business environment that continues to attract quality tenants.
A rare fusion of prestige, profitability, and potential, this investment is a cornerstone for those looking to make a lasting impact in Brooklyn's real estate landscape. Secure your stake in one of New York City's most sought-after neighborhoods and watch your portfolio thrive.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning R6A, C2-4
Rooms
Basement Full,Partial
Interior
Interior Features Fire Sprinkler,Other
Hot Water Other
Heating Gas,Other
Flooring Hardwood
Heat Source Gas,Other
Exterior
Exterior Feature Brick
Roof Type Other
Handicap Access Unknown
Building
Story 4
Foundation Other
Others
Energy Description Gas,Other
Financing 1031 Exchange,Bank Mortgage,Cash
Virtual Tour https://www.youtube.com/watch?v=f22LCil_hAU