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32450041
32655805

180 5TH AVE, BROOKLYN, NY 11217

AB
NY NY10401314581
Marcus & Millichap - Manhattan
SR
NY 10401209332, NY
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$5,550,000
28 days on market
Updated 24 days ago

180 5th Avenue

Details
APN 949-49
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 5,200
Units 7
Cap Rate 5.30%
NOI $294,150
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $330,397
Price per SqFt $1,067
Class B
Year Built 1921
Buildings 1
Stories 4
Lot Size (SqFt) 1,953
Zoning R6A, C1-4
Investment Type Stabilized
Ground Lease No

100% Free Market | Mixed Use | Turnkey Prime Park Slope

Marketing description

The New York Multifamily Group at Marcus & Millichap is pleased to exclusively present 180 5th Avenue, a premier opportunity situated in the heart of Park Slope, one of Brooklyn's most distinguished and enduring residential and retail corridors. This particular stretch of 5th Avenue is especially attractive as the crowd from Barclay’s dies out a few blocks north around Sterling, settling into a classic Park Slope neighborhood feel right around St. John's and Lincoln Place, running all the way to 1st Street. This is where you want to be on 5th Avenue.

The existing building features strong bones with renovated interiors maintained in impeccable condition. The building is 100% Free Market with top of the line finishes and a newly renovated restaurant. This is a core plus asset supported by proximity to Prospect Park, top-dining and independent retail, cultural institutions, and multiple transit options, including the R, F, and G lines.

Investment highlights

100% Free Market

A+ Location - Prime Park Slope

Renovated Restaurant Space on Ground Floor

Beautifully renovated apartments

Turnkey

Listing Contacts

AB
NY NY10401314581
Marcus & Millichap - Manhattan
SR
NY 10401209332, NY
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$294,150.00
$24,512.50/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

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