5501 5th Avenue, Brooklyn, NY 11220

Prime Investment Opportunity in the Heart of Sunset Park!

Address: 5501 5th Avenue, Brooklyn, NY

Asking Price: $3,200,000

Contact Alex at 772-985-2577 to Schedule an Inspection and Discuss Lending Options.

Property Highlights:

Well-maintained building with excellent rental history

Six occupied apartments, offering immediate cash flow

Two units have preferential rents, providing significant legal upside

Desirable location in the heart of Sunset Park

Potential for long-term appreciation and rental growth

Attractive cap rate of 5.6%

Don't miss out on this exceptional investment opportunity!

Property Details:

This prime investment property is located at 5501 5th Avenue in the sought-after neighborhood of Sunset Park, Brooklyn. The well-maintained building features six apartments, all currently occupied, ensuring immediate rental income for the new owner.

One of the key advantages of this property is the presence of two units with preferential rents, currently $800 and $1000 below their legal DHCR rent. This offers substantial legal upside and the potential to increase rental income significantly.

Sunset Park is known for its vibrant community, convenient amenities, and proximity to transportation. With a strong demand for housing in this desirable location, the property presents an excellent opportunity for long-term appreciation and rental growth.

The asking price for this investment property is $3,200,000, with a competitive cap rate. This attractive investment package, coupled with the property's well-maintained units and strong rental history, makes it an ideal choice for astute investors.

Call Alex at 772-985-2577 to schedule an inspection and discuss possible lending options. However, please refrain from speaking with tenants or discussing the sale with them to maintain confidentiality and avoid any disruptions.

Don't let this prime investment opportunity slip away! Contact us today to secure your future in the thriving Sunset Park neighborhood.