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$ 9,000,000
Est. payment /mo
New
5505 5th AVE Brooklyn, NY 11220
UPDATED:
Key Details
Property Type Other Rentals
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 504300
Year Built 1931
Annual Tax Amount $38,831
Property Sub-Type Mixed Use
Property Description
Rare opportunity to acquire a three-building Brooklyn portfolio. The portfolio consists of 5505 5th Avenue, 5507 5th Avenue, and 4811 5th Avenue, strategically located along the vibrant 5th Avenue commercial corridor. The properties offer a diversified mix of commercial and residential income, providing investors with strong in-place cash flow and long-term investment potential in one of Brooklyn's established neighborhoods. Nearly $500,000 in annual NOI. Approximately 5.5% cap rate based on current financials. The portfolio is being offered at $9,000,000. Qualified investors and cooperating brokers are invited to contact the exclusive listing broker for additional information, including the rent roll, income and expense statements, property details, and showing arrangements.
Location
State NY
County Kings (brooklyn)
Area Sunset Park
Zoning C4-3A
Rooms
Basement Other
Interior
Interior Features Other, None
Hot Water Gas
Heating Gas
Flooring Ceramic, Hardwood, Tile
Heat Source Gas
Exterior
Exterior Feature Brick
Roof Type Flat
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by E House Realty & Mgt. Inc.
