5405 6Th AveBrooklyn, NY 11220

For Sale
Call for price

Prime Brooklyn location, high-traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property, located at 5405 6th Avenue in Brooklyn, NY, presents a unique investment opportunity. The building, constructed in 1910 and extensively renovated in 2008, boasts a total of 4,723 square feet across four stories. It features a Class B designation and is zoned R6A. The lot size is 1,600 square feet, with an additional 80 square feet of air rights. The building comprises one structure with five units: three residential apartments and a storefront. Each residential unit offers four bedrooms, two full bathrooms, and two balconies, averaging 1,822 square feet with high ceilings, updated kitchens, and bathrooms. The storefront, currently occupied by a tenant under a five-year lease (commencing May 1, 2019) paying $5,000 per month NNN, encompasses 1,080 square feet and includes a fully finished basement with high ceilings and a bathroom, accessible via a separate entrance. The building's dimensions are 20 x 55 feet. The property's current cap rate is 3%, offering significant upside potential. Its prime location in Sunset Park, near the 8th Avenue shopping corridor and various transportation options, ensures strong tenant demand. The property is currently owner-occupied. This is a rare opportunity to acquire a well-maintained, high-yield mixed-use property in a thriving Brooklyn neighborhood.

Highlights

  • Prime Sunset Park location at 5405 6th Avenue, near 8th Avenue shopping and public transportation.
  • Mixed-use building (4,723 sq ft) with three 4-bedroom, 2-bathroom residential units (avg. 1,822 sq ft each), each with two balconies.
  • 1,080 sq ft storefront with a finished basement, currently leased for $5,000/month NNN on a 5-year lease (started May 1, 2019).
  • Building is 20' x 55' on a 1,600 sq ft lot with 80 sq ft of air rights; R6A zoning.
  • Class B building, extensively renovated in 2008, currently owner-occupied, with a 3% cap rate and significant upside potential.

Property Details for 5405 6Th Ave

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
4,723 SF
Class
B
Year Built/Renovated
1910/2008
Buildings
1
Stories
4
Units
5

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.641211
Longitude
-74.010384
5405 6Th Ave, Brooklyn, New York

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5405 6Th Ave
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