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Finished Product Free Market | 6.5% Cap 390 5th Ave 7 Unit Apartment Building $5,750,000 ($821,429/Unit) 6.50% Cap Rate Brooklyn, NY 11215
Investment Highlights
- Asking Price: $5,750,000
- Asset Type: Mixed Use - 7 units
- Completely Renovated
- Square Footage: 5,979 SF
- 100% Free Market
- 2 Duplex Apts w Outdoor space
Executive Summary
The New York Multifamily team at Marcus & Millichap is proud to present 390 5th Avenue in prime park slope.
Seven-unit mixed-use building on 5th Avenue in the heart of Park Slope, offered at $5,750,000 — a 6.55% cap on $376,412 of in-place NOI.
The building is fully renovated and turnkey, with a unique array of apartments featuring two duplex units. Half the apartments have outdoor space. The bar/lounge 390 Social has also been completely remodeled and renovated and does strong business.
This building is located along Park Slope's busiest retail corridors - 5th Avenue and benefits from being in direct shot of the subway. Fully free-market, cashflowing from day 1.
This building is available individually or as part of the three-building 2B Turnkey Collection.
Seven-unit mixed-use building on 5th Avenue in the heart of Park Slope, offered at $5,750,000 — a 6.55% cap on $376,412 of in-place NOI.
The building is fully renovated and turnkey, with a unique array of apartments featuring two duplex units. Half the apartments have outdoor space. The bar/lounge 390 Social has also been completely remodeled and renovated and does strong business.
This building is located along Park Slope's busiest retail corridors - 5th Avenue and benefits from being in direct shot of the subway. Fully free-market, cashflowing from day 1.
This building is available individually or as part of the three-building 2B Turnkey Collection.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Hardwood Floors
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 642 |
| 2+1 | 2 | - | 1,083 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00993-0036 | Total Assessment | $926,550 (2026) |
| Land Assessment | $154,350 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $772,200 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
00993-0036
Land Assessment
$154,350 (2026)
Improvements Assessment
$772,200 (2026)
Total Assessment
$926,550 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
Contacts
-
Shaun Riney -
Mike Salvatico -
Andrew Bronsteen -
Ariel Asherian -
Marcus & Millichap
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