Prime Sunset Park Mixed-Use Building For Sale!
Excellent investment opportunity featuring a 3-story building with a full finished basement—2 family and 1 commercial storefront. Lot size 20x80; Building size: 1FL 20x80, 2FL&3FL 20x56. Ideally located on 8th Avenue in the heart of Sunset Park, a highly desirable commercial corridor with strong foot traffic and excellent visibility. The ground-floor retail unit is currently a pharmacy with 2 years remaining on the lease and a 3-year option to renew; rent includes 25% of property tax. The 2nd and 3rd floor residential units have been renovated and require no additional work. The residential units can be DELIVERED VACANT, offering great flexibility for owner-use or rental.
Convenient to N train and B9, B70 bus lines, restaurants, supermarkets, and all neighborhood amenities. Excellent income-producing property with a current 5.51% cap rate and strong potential to reach 6.71%! A rare find in a prime 8th Avenue location!
All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.
Active
$5,980,000
5415 8th Ave, Brooklyn, NY 11220
8beds
3,840sqft
Multi Family
Built in 1930
-- sqft lot
$5,705,300 Zestimate®
$1,557/sqft
$-- HOA
What's special
Full finished basementGround-floor retail unitStrong foot trafficExcellent visibilityHighly desirable commercial corridor
- 7 days |
- 296 |
- 2 |
Likely to sell faster than
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