Courtesy of: Rong Feng Li, RE/MAX Edge, everjosh2007@hotmail.com
Courtesy of: Rong Feng Li, RE/MAX Edge, everjosh2007@hotmail.com
$2,980,000
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3,265 square feet
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Lot: 0.06 Acres
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Other
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$2,980,000
5721 5th Avenue INVESTOR ALERT - Prime Mixed-Use Building on Brooklyn's bustling 5th Avenue! This well-maintained 2-store + 4-family property sits in the heart of Sunset Park's busiest commercial corridor, surrounded by heavy foot traffic, shops, restaurants, and transit. The two ground-floor stores are occupied by a pharmacy and a medical clinic - both long-standing, stable tenants providing reliable commercial income. Each of the four residential units features 2 bedrooms and 1 bathroom, separately metered with 6 electric meters and 6 gas meters, and tenants pay their own gas and electric - keeping landlord expenses low. Three residential units can be delivered vacant, offering immediate upside and flexibility, while the remaining unit is leased at $1, 900/month with one year remaining. Projected market rents of $240, 000 per year yield a strong 6.5% pro forma cap rate. A rare opportunity to own a high-traffic, income-producing asset in one of Brooklyn's most vibrant neighborhoods - ideal for investors and 1031 buyers.
Courtesy of: Rong Feng Li, RE/MAX Edge, everjosh2007@hotmail.com
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