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30923094
30923106

474 5th Ave, Brooklyn, NY 11215

AB
NY NY10401314581
Marcus & Millichap - Manhattan
AA
NY HVD9000
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$4,250,000
86 days on market
Updated 86 days ago

474 5th Avenue

Details
Property Type Retail
Sub Type Storefront
Square Footage 4,955
Units 3
Cap Rate 7.1%
NOI $301,750
Price per SqFt $858
Year Built 1921
Buildings 1
Stories 3
Zoning C4-3A

Retail | 7.10% CAP | 4,955 SqFt

Marketing description

474 5th Avenue is a 3-unit mixed-use building located along Park Slope’s 5th Avenue retail corridor between 10th and 11th Street. Listed at $4,250,000, and it’s as clean as they come. The property was completely gut-renovated down to the studs - new systems, structure, and finishes throughout. This is not a light cosmetic update — it’s a full rebuild that shows the moment you walk through it.

There is nothing to do here but sit back, relax, and collect rent from day 1. The rent roll is producing approximately $302,000 in net income, making it a true cash-flowing asset right out of the gates. There’s no deferred maintenance, no arrears, and all tenants pay on time. Both apartments have incredible outdoor space and feel extra spacious due to the 21.5’ width

Located on one of the strongest retail and residential corridors in Park Slope, 5th Avenue continues to benefit from consistent foot traffic, neighborhood density, and long-term demand. Well located within steps of multiple subway lines. For buyers looking for a finished product with serious income in a proven location, 474 5th Avenue is a great deal

Listing Contacts

AB
NY NY10401314581
Marcus & Millichap - Manhattan
AA
NY HVD9000
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$301,750.00
$25,145.83/mo

Valuation Metrics

0
DSCR
7.1%
Cap Rate
7.1%
ROI

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Additional Information

Name
Andrew Bronsteen
License
NY10401314581
Brokerage
Marcus & Millichap
Title
Licensed Salesperson
Brokerage Address
260 Madison Avenue
Name
Ariel Asherian
License
HVD9000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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