557 5th Avenue Brooklyn, NY $ 4,000,000
557 5th Avenue
$ 4,000,000
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557 5th Avenue

Brooklyn, NY, 11215
$ 4,000,000
Baths0.0 Sq 4,890

Monthly Estimate*

$ 27,941

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Studio

Commercial Property for sale in Brooklyn, NY

for $4,000,000. This 4,890 square foot building was built in 1925 on a lot size of 0.039945.

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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Commercial Active

Price

$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 47,236

Style

Mixed Use

Lot Size

0.039945

Year Built

1925

Town/City

Brooklyn

County/Region

Kings

MLS | Web ID

480354

Features
Interior
Heating Fuel Gas
Flooring Ceramic Granite
Hot Water Gas
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General
Roof Flat Rubber
Zoning C4-3A
Electric 110 V 200 Amp
Stories 3
Property Type Mixed Use
Block 1048
Yearly Taxes 47236.00
Transaction Type Sale
Financing Bank Mortgage Cash
Building Type Semi-Detached
Status Active
Construction Materials Block
Cumulative Days on Market 70
MLS Area Park Slope
Sub Type Mixed Use
Year Built 1925
City Brooklyn
DOM 70
# Families 4
Coming Soon 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
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Exterior
Exterior Brick
Lot Dimensions 20 x 87
Foundation Poured Concrete
Parking Attrib None
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Internal Only
Originating MLS Brooklyn New York MLS
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* Excluded Features
List By
Re/Max Edge

Broker

(347) 515-3898

Phone

Affordability Calculator

$31,878
Per Month
88%
12%
0%
Monthly Principal & Interest
$27,941
Monthly Property Taxes
$3,936
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1337269 Elementary School
1337270 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/28/2024$4,000,000 -5.88% Price Down
3/6/2024$4,250,000 Listed Price

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557 5th Avenue, Brooklyn, NY, 11215 is a Commercial Property for sale at $4,000,000 with 4,890 sqft and a lot size of 0.039945. 557 5th Avenue is a studio with 0.0 baths and was built in 1925. The property's zip code is 11215 which is in Brooklyn, NY