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557 5th Avenue

BROOKLYN, NY 11215
  • $4,000,000
  • STATUS: Active
  • ON SITE: 140 Days
  • MLS #: 480354
$4,000,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,890
    SQFT
  • $818
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1925
Area:

School Ratings & Info

Description

A prime mixed-use building nestled in the heart of vibrant Park Slope, Brooklyn. This corner property boasts a strategic location and presents an excellent investment opportunity. The well-maintained building features a mix of residential and commercial spaces, comprising four apartments and three stores.With a current rent roll of $213,200, and a projected rent roll within a year is $288,000, this property showcases its income-generating potential. Each apartment is thoughtfully designed, offering two bedrooms and a well-appointed bathroom. The interiors boast newer granite floors, kitchens, and bathrooms, ensuring a modern and comfortable living experience for residents.The strategic placement of this mixed-use gem provides not only a steady income stream but also high upside potential for future growth and profitability. Don't miss the chance to own a piece of Park Slope's thriving real estate landscape.

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© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-25T00:00:33.373.
www.theteampagano.com/homes/148326795
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557 5th Avenue BROOKLYN, NY 11215

  • Price: $4,000,000
  • Status: Active
  • On Site: 140 Days
  • MLS #: 480354
0
Beds
0
Baths
0
½ Baths
0.04
Acres
4,890
SQFT
$818
$/SQFT
1925
Built
Neighborhood:
Brooklyn
County:
Kings (Brooklyn)
Area:
Park Slope
Property Description
A prime mixed-use building nestled in the heart of vibrant Park Slope, Brooklyn. This corner property boasts a strategic location and presents an excellent investment opportunity. The well-maintained building features a mix of residential and commercial spaces, comprising four apartments and three stores.With a current rent roll of $213,200, and a projected rent roll within a year is $288,000, this property showcases its income-generating potential. Each apartment is thoughtfully designed, offering two bedrooms and a well-appointed bathroom. The interiors boast newer granite floors, kitchens, and bathrooms, ensuring a modern and comfortable living experience for residents.The strategic placement of this mixed-use gem provides not only a steady income stream but also high upside potential for future growth and profitability. Don't miss the chance to own a piece of Park Slope's thriving real estate landscape.
Exterior Features

Building Length 70.00 Building Width 20.00 Commercial Features Exterior Fence - Full Construction Materials Block Exterior Brick Loading Docks None Lot Dimensions 20 x 87 Lot Size Length 87 Lot Size Width 20 Parking Attributes None Parking Feature Street Roof FlatRubber Yard Other

Interior Features

Basement Amenities CellarFinished Building Footprint Sq Ft 1400 Commercial Features Interior None Flooring CeramicGranite Foundation Details Poured Concrete Heat Delivery Steam/Radiator Lavatories Unknown

Property Features

Block 1048 Commercial Condo 0 Construction Type Semi-Detached Cross Street Name 15th St Cross Street Name2 16th St Electric 110 V200 Amp Financing Bank MortgageCash Fuel Expense 9200.00 Gross Income 213200 Handicap Access No Heating Fuel Gas Hot Water Gas Insurance Expense 8400.00 Lot Number 10 Lot Size Irregular YN 0 Miscellaneous Expense 2000.00 Net Operating Income 140000.00 Number Of Families 4 Number Of Stores 3 Property Sub Type Mixed Use Property Type Mixed Use Sale Type Arm's Length Tax Amount 47236.00 Transaction Type Sale Utility Expense 700.00 Zoning C4-3A

Listing information © 2024 Brooklyn New York Multiple Listing Service, Inc.
Listing provided courtesy of RE/MAX Edge: (718) 612-3088.


© 2024 Brooklyn New York Multiple Listing Service, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Pagano | Keller Williams Realty. Data last updated: 2024-07-25T00:00:33.373.
 
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