5405 6Th AveBrooklyn, NY 11220

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.