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Bank of America Anchored Mixed-Use 5102 5th Ave 14 Unit Apartment Building $18,656,120 ($1,332,580/Unit) 5% Cap Rate Brooklyn, NY 11220
Investment Highlights
- Institutional 4-Story Mixed-Use Asset On Sunset Park’s Prime 5th Avenue Corridor | New 15-Year Lease From Bank Of America On Ground Level
- Recently Repositioned | Turnkey, Low-Maintenance Building With Modern Systems, New Construction Efficiencies, And Minimal Landlord Responsibilities
- Long-Term Value Preservation In A Proven Brooklyn Submarket - Sunset Park Continues To Demonstrate Strong Capital Durability Across Cycles
- Irreplaceable 5th Avenue Frontage In The Heart Of Sunset Park | Dense, Transit-Rich Neighborhood With Superb Foot Traffic
- Investment-Grade Credit Anchor (Bank Of America) | S&P Credit Rating "A-" | Secure And Balanced Income Profile With Built- In Risk Mitigation
- Neighboring Retailers Include: Burger King, Rite Aid, McDonald's, Popeye's, Planet Fitness, Pollo Campero, Five Below, Chase Bank, and GameStop
Executive Summary
Institutional 4-Story Mixed-Use Asset On Sunset Park’s Prime 5th Avenue Corridor | New 15-Year Lease From Bank Of America On Ground Level | 14 Free Market Apartments | Additional Income From T-Mobile Cell Tower With Annual Increases
Property Facts
| Price | $18,656,120 | Apartment Style | Mid-Rise |
| Price Per Unit | $1,332,580 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5% | Building Size | 11,659 SF |
| No. Units | 14 | Average Occupancy | 86% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 1931/2025 |
| Zoning | C4-3 - Regional commercial center located outside of the central business districts | ||
| Price | $18,656,120 |
| Price Per Unit | $1,332,580 |
| Sale Type | Investment |
| Cap Rate | 5% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.06 AC |
| Building Size | 11,659 SF |
| Average Occupancy | 86% |
| No. Stories | 4 |
| Year Built/Renovated | 1931/2025 |
| Zoning | C4-3 - Regional commercial center located outside of the central business districts |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Roof Terrace
- Bicycle Storage
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | 500 - 700 |
| 3+1 | 2 | - | 1,000 |
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (93)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 00799-0037 | Improvements Assessment | $1,159,200 |
| Land Assessment | $118,800 | Total Assessment | $1,278,000 |
Property Taxes
Parcel Number
00799-0037
Land Assessment
$118,800
Improvements Assessment
$1,159,200
Total Assessment
$1,278,000
Contacts
-
Deno Bistolarides -
Brent Hanna -
Brandon Hanna -
Encore Real Estate Investment Services
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Bank of America Anchored Mixed-Use | 5102 5th Ave
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