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5405 6th Ave 4,723 SF 100% Leased Retail Building Brooklyn, NY 11220 For Sale
Investment Highlights
- Busy Heavy Traffic
- Cap rate 3%
- Gross Income: $139,200
Executive Summary
Prime Location 6 Avenue 54 street Sunset park, Busy high traffic area newly rebuilt gut renovated from ground up legal 3 family with storefront & LEGAL rentable basement storefront/Office/ Storage not included in Cap Rate! Huge three residential apartment, each consist of 4 bedrooms & 2 full baths & 2 balcony! Lots of closet space, Average residential size 1,822 sq ft with high ceiling! New kitchen bathroom, floors too much to say! Month to month occupancy! Storefront 1,080 sq ft with full finished basement with high ceiling & bathroom with its separate entrance & boiler! Building size 20 x 55 lot size 20 x 80. R6 S2zoning. Storefront currently discount 99 cents store -no lease - paying $ 5,000-month NNN lease. Projected Cap rate 7% with many upsides potential Projected $ 366,000 yr income! All market values! Near 8th Or 4 Avenue shopping corridor, all train, restaurant & much more!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,723 SF
Building Class
C
Year Built/Renovated
1910/2010
NOI
$142,920
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.71
Lot Size
0.04 AC
Zoning
R6A - Medium density residential district
Frontage
21’ on 6th Ave
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 00825-0008 | Improvements Assessment | $140,640 |
| Land Assessment | $12,900 | Total Assessment | $153,540 |
Property Taxes
Parcel Number
00825-0008
Land Assessment
$12,900
Improvements Assessment
$140,640
Total Assessment
$153,540
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5405 6th Ave
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