Description
**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn**
Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods.
Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income.
Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth.
In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained
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Property Details
- Multi Family
Amenities
- Interior: Built In Features, Wet Bar, Sound System, High Ceilings, Recessed Lighting, Chandelier, Bar
- Cooling: Central Air, Wall Units
- Exterior: Private Entrance
- Attendance: None
- Building Laundry: See Remarks
- Laundry: See Remarks
- Building Pets: Building No
- Pets: Building No, No
For information on 397 5th Avenue, # contact:
Founder, Principal Broker
212-388-1115
Founder, Principal Broker
listings@lohorealty.com
212-388-1115
