5501 5Th AveBrooklyn, NY 11220

This exceptional investment opportunity presents a well-maintained, 8-unit apartment building situated at 5501 5th Avenue in Brooklyn's desirable Sunset Park neighborhood. The property boasts a total of 6,453 square feet on a 0.038-acre lot (APN 832-8), offering a compelling mix of immediate cash flow and significant upside potential. Currently operating at 100% occupancy, the building generates a strong net operating income (NOI) of $190,917, resulting in an attractive 5.87% cap rate. Built in 1931, this four-story building is zoned C4-3A and features a fee simple ownership structure. Two units benefit from preferential rents below market value, presenting a clear path to increase profitability. The asking price is $3,250,000, translating to $503.64 per square foot. This stabilized multifamily investment offers a rare combination of immediate return and long-term growth potential in a thriving Brooklyn community. The property's strong rental history and prime location make it an ideal acquisition for savvy investors seeking a stable and appreciating asset. The building's solid construction and excellent location within Sunset Park ensure a consistent stream of rental income and potential for future appreciation. This is a turnkey investment ready for immediate ownership.