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 rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.5% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. 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.For more details: https://realtyww.info/homes_brooklyn-d523175/for-sale_i75482604
More About this Listing: Th Ave, Brooklyn, Home For Sale
Th Ave, Brooklyn, Home For Sale is a Eight Bedroom 4.5 Bathroom Single-Family Homes for Sale at 397 5th Ave in Brooklyn NY. Find other listings like Th Ave, Brooklyn, Home For Sale and listings near 397 5th Ave by searching Oodle Classifieds for Eight Bedroom 4.5 Bathroom Single-Family Homes for Sale in Brooklyn NY.
397 5th Ave | Brooklyn NY | 7385093031
This listing was posted on RealtyWW.
Th Ave, Brooklyn, Home For Sale
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 rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.5% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. 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.For more details: https://realtyww.info/homes_brooklyn-d523175/for-sale_i75482604
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Th Ave, Brooklyn, Home For Sale is a Eight Bedroom 4.5 Bathroom Single-Family Homes for Sale at 397 5th Ave in Brooklyn NY. Find other listings like Th Ave, Brooklyn, Home For Sale and listings near 397 5th Ave by searching Oodle Classifieds for Eight Bedroom 4.5 Bathroom Single-Family Homes for Sale in Brooklyn NY.