5406 5Th AveBrooklyn, NY 11220

Property Details for 5406 5Th Ave

Year built

1931

Lot size

0.04 AC

Property size (Sq ft)

3,780 SF

Zone code

C43A

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00823-0042

APU

8230042

Description

This exceptional retail property at 5406 5th Avenue in Brooklyn, New York, offers 3,200 square feet of versatile commercial space, currently entirely vacant and ready for immediate occupancy. The property is ideally suited for multiple tenants, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 1,600 square feet. Each unit includes a full basement, adding significant storage capacity. The building's location within Kings County ensures high foot traffic and benefits from a dense residential neighborhood, guaranteeing a strong customer base. The units are equipped with ventilation systems, enhancing their functionality and appeal. This is a unique opportunity to establish a thriving business in a vibrant and densely populated area of Brooklyn. The property's convenient location in the 11220 zip code provides easy access to major transportation routes and a wide range of amenities. With its ideal size, excellent features, and prime location, this property presents a compelling investment opportunity for discerning businesses seeking a high-visibility presence in a thriving Brooklyn neighborhood. The entire 3,200 square feet is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $624,947

  6.5%

  $576,874

  7%

  $535,669

• Comparable approach

  Method

  Valuation

  Relative Method

  $493,895

  Geo Method

  $493,895

• Alternative Use

  Use

  Valuation

  Residential

  $715,324

  Hospitality

  $655,233

  Educational

  $545,146

  Medical

  $563,894

  Retail

  $848,005

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6428

Longitude

-74.0131

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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