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180 5th Ave 7 Unit Apartment Building $5,550,000 ($792,857/Unit) 5.30% Cap Rate Brooklyn, NY 11217
Investment Highlights
- 100% Free Market
- Renovated Restaurant Space on Ground Floor
- Turnkey
- A+ Location Prime Park Slope
- Beautifully Renovate Apartments
Executive Summary
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.
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.
Property Facts
| Price | $5,550,000 | Property Type | Multifamily |
| Price Per Unit | $792,857 | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.30% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 14.1 | Building Size | 5,200 SF |
| No. Units | 7 | Year Built | 1921 |
| Price | $5,550,000 |
| Price Per Unit | $792,857 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,200 SF |
| Year Built | 1921 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
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180 5th Ave
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