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474 5th Ave 4,955 SF 100% Leased Retail Building Brooklyn, NY 11215 $4,250,000 ($857.72/SF) 7.10% Cap Rate
Investment Highlights
- 100% Free Market
- Finished Product - beautiful building
- 7.1% Cap Rate in Place
- Great location
Executive Summary
474 5th Avenue is a 3-unit mixed-use building located along Park Slope’s 5th Avenue retail corridor between 10th and 11th Street. Listed at $4,250,000, and it’s as clean as they come. The property was completely gut-renovated down to the studs - new systems, structure, and finishes throughout. This is not a light cosmetic update — it’s a full rebuild that shows the moment you walk through it.
There is nothing to do here but sit back, relax, and collect rent from day 1. The rent roll is producing approximately $302,000 in net income, making it a true cash-flowing asset right out of the gates. There’s no deferred maintenance, no arrears, and all tenants pay on time. Both apartments have incredible outdoor space and feel extra spacious due to the 21.5’ width
Located on one of the strongest retail and residential corridors in Park Slope, 5th Avenue continues to benefit from consistent foot traffic, neighborhood density, and long-term demand. Well located within steps of multiple subway lines. For buyers looking for a finished product with serious income in a proven location, 474 5th Avenue is a great deal
There is nothing to do here but sit back, relax, and collect rent from day 1. The rent roll is producing approximately $302,000 in net income, making it a true cash-flowing asset right out of the gates. There’s no deferred maintenance, no arrears, and all tenants pay on time. Both apartments have incredible outdoor space and feel extra spacious due to the 21.5’ width
Located on one of the strongest retail and residential corridors in Park Slope, 5th Avenue continues to benefit from consistent foot traffic, neighborhood density, and long-term demand. Well located within steps of multiple subway lines. For buyers looking for a finished product with serious income in a proven location, 474 5th Avenue is a great deal
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,955 SF
Building Class
C
Year Built
1921
Price
$4,250,000
Price Per SF
$857.72
Cap Rate
7.10%
NOI
$301,750
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.84
Lot Size
0.04 AC
Zoning
C4-3A
Frontage
26’ on 5th Ave
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (85)
Nearby Major Retailers
Property Taxes
| Parcel Number | 01016-0042 | Improvements Assessment | $220,050 |
| Land Assessment | $73,350 | Total Assessment | $293,400 |
Property Taxes
Parcel Number
01016-0042
Land Assessment
$73,350
Improvements Assessment
$220,050
Total Assessment
$293,400
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474 5th Ave
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