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Property Description

**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn**

Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods.

Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years,

In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don't miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.

Overview

Property Status
For Sale
Lot Size
1,429 Sq.Ft.
MLS ID
RLS20078243
Property Type
Multi-Family
Year Built
1899

Features & Amenities

Total Area
3,828 Sq.Ft.
Stories
3
Heat Type
Central, Forced Air, Natural Gas, Wall Furnace
Air Conditioning
Central Air, Wall Unit(s)
Laundry Room
See Remarks
Other Interior Features
Wet Bar, Built-in Features, Chandelier, High Ceilings, Recessed Lighting, Sound System, Bar
Other Exterior Features
Private Entrance, Private Outdoor Space Under 60 Sqft
Sales Price
$4,650,000
Real Estate Tax
$7,176/yr

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397 5th Avenue

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397 5th Avenue
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Open-plan living room and kitchen with beige sectional sofas, dark cabinetry, and glass doors to a planted courtyard.

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