4401 5th AVE new 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 7,080 sqft
Price per Sqft $494
MLS Listing ID 489418
Year Built 1921
Annual Tax Amount $23,943
Property Sub-Type Mixed Use
Property Description
Corner property located on 5th Ave, Brooklyn, offers a prime mixed-use investment opportunity in a bustling location. The building consists of 1 commercial store space and 7 residential units, including 5 spacious 4-bedroom apartments and 2 3-bedroom apartments. With a strong annual income of $256,364.72 and a manageable annual expense of $59,475.31, the property provides a net income of $196,889.33, making it a solid performer for investors seeking both residential and commercial rental income in a high-traffic area. This property offers potential for future value appreciation, while providing steady returns.
Location
State NY
County Kings (brooklyn)
Area Park Slope
Zoning R6A
Rooms
Basement Full,Other
Interior
Interior Features Other
Hot Water Gas
Heating Gas
Flooring Other
Heat Source Gas
Exterior
Exterior Feature Other
Roof Type Flat
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing Bank Mortgage,Cash