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575 4th Ave
Brooklyn, NY 11215
575 Fourth Avenue · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Steps from Public Transportation
- Close proximity to Prospect Park and schools
- Easy access to Prospect Expressway
PROPERTY FACTS
| Total Building Size | 83,065 SF | Typical Floor Size | 9,091 SF |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Lot Size | 0.58 AC |
| Building Class | A | Parking Ratio | 0.4/1,000 SF |
| Floors | 11 | ||
| Zoning | R8A - residential | ||
| Total Building Size | 83,065 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 11 |
| Typical Floor Size | 9,091 SF |
| Year Built | 2018 |
| Lot Size | 0.58 AC |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R8A - residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fitness Center
- Playground
- Doorman
- Gameroom
- Grill
- Pet Play Area
- Roof Terrace
- Storage Space
- Bicycle Storage
- Lounge
- Smoke Detector
2 UNITS AVAILABLE
Unit A
| Unit Size | 2,370 SF | Cap Rate | 6.18% |
| Condo Use | Retail | NOI | $200,702 |
| Sale Type | Investment |
| Unit Size | 2,370 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| NOI | $200,702 |
DESCRIPTION
The corner unit A total approximately 2,370 SF and is currently vacant.
SALE NOTES
- 2 Commercial condominium units are located on the ground floor of a newly constructed 70-unit luxury residential building
-Over 105' of wraparound frontage on the corner of 4th and Prospect Avenues in Park Slope.
- The corner Unit A totals approximately 2,370 sf and is occupied by a gourmet deli through January 2035. They have one five-year extension
- Unit B totals 1,776 sf and is occupied by Studio Pilates through September
2029. They have one 5-year extension
- Steps from the Prospect Ave D, N, R,W subway station, which provides access
to Manhattan in under 25 minutes
- Directly next to the Prospect Expressway, providing access to Manhattan via
the Hugh L. Carey Tunnel or Brooklyn Bridge.
- Proximity to Prospect Park, high-quality schools, dining and shopping options
make park Slope on of NYC's most desirable residential enclaves. It is in need
of more retail to satisfy demand
Unit A Floor Plan
Interior Photo
Interior Photo
Unit B
| Unit Size | 1,776 SF | Cap Rate | 6.18% |
| Condo Use | Retail | NOI | $200,702 |
| Sale Type | Investment |
| Unit Size | 1,776 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| NOI | $200,702 |
DESCRIPTION
The corner unit A total approximately 2,370 SF and is currently vacant.
SALE NOTES
- 2 Commercial condominium units are located on the ground floor of a newly constructed 70-unit luxury residential building
-Over 105' of wraparound frontage on the corner of 4th and Prospect Avenues in Park Slope.
- The corner Unit A totals approximately 2,370 sf and is occupied by a gourmet deli through January 2035. They have one five-year extension
- Unit B totals 1,776 sf and is occupied by Studio Pilates through September
2029. They have one 5-year extension
- Steps from the Prospect Ave D, N, R,W subway station, which provides access
to Manhattan in under 25 minutes
- Directly next to the Prospect Expressway, providing access to Manhattan via
the Hugh L. Carey Tunnel or Brooklyn Bridge.
- Proximity to Prospect Park, high-quality schools, dining and shopping options
make park Slope on of NYC's most desirable residential enclaves. It is in need
of more retail to satisfy demand
Unit B Floor Plan
Interior Photo
Interior Photo
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 70 | - | - |
