408 5th Ave
Brooklyn, NY 11215
Retail Property For Sale

Rare mixed use building now available in the center of Park Slope. 408 5th Avenue stands out for its exceptional income potential. Not only does the building house a fully-complemented restaurant--able to earn the highest retail income the market will allow--it also boasts two extremely large floor-through apartments of nearly 1000 sq ft each. In addition there is another 1500 sq ft of build-able square footage on the lot, allowing for a permanent extension of the commercial space as well as another floor to the building. The excellent location is two blocks from multiple trains, two blocks from the core of the Gowanus art scene, and squarely in the middle of one of Brooklyn's most established neighborhoods and busiest retail corridors. Owner-occupied, the commercial space and the second floor will be delivered vacant, and the top floor tenant is month-to-month. This would allow a new owner to rent anew at the top of the market. The apartments need cosmetic upgrades, but potentially could garner $50 ppsf. Commercial spaces in this area often ask over $90 ppsf. Park Slope is one of the premier neighborhoods in all of Brooklyn. It is also near Gowanus, a rapidly-changing neighborhood now home to spectacular new development.