397 5th AvenueLoading

Townhouse For Sale Brooklyn, Park Slope

Web ID # RLS11003754

Listed: 08/12/2024

Days on Market: 281 days

$5,375,000Loading

3,828 ft2 Approx. $1,404 per ft2 8 Beds 5 Baths

Mortgage Est: $.../month

397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue
397 5th Avenue

Townhouse For Sale Brooklyn, Park Slope

Web ID # RLS11003754

Listed: 08/12/2024

Days on Market: 281 days

3,828 ft2 Approx. $1,404 per ft2 8 Beds 5 Baths

Mortgage Est: $.../month

  Listing Courtesy of Compass

  Louis Esposito

Contact Agent

Gea Elika

 212-590-0540

Inquire about 397 5th Avenue


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Description

**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods. Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Dont miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.

Highlights

  • Central Air

Building Information

  • Building Type: Walkup
  • Year Built: 1899

Mortgage Calculator

$
$
%
%
$/month
$/month
/year
Advanced

Your mortgage payments over years will add up to .
Estimated monthly payment: $.

Recalculate with more details

Purchase Price

Property Type

Mansion Tax
Title Insurance
Attorney Fee
Move-In Deposit
Title Search
Survey Fees
Board Application Fees
Move-In Fee
Title Search
Recording Fees (Deed)
Lien Search
Credit Check

Mortgage Financing Costs

Mortgage Recording Tax
Title Insurance
Bank Attorney Fee
Loan Application Fee
Appraisal Fee
Mortgage Recording Fee
Aztech Recognition Agreement Fee
UCC-1 Filing Fee

New Construction Costs

NYC Transfer Tax
NY State Transfer Tax
Sponsor's Attorney Fee
Total
Total
Total
Email Me Closing Costs
Export PDF
Export CSV
  View closing costs
  View Post Closing Liquidity Calculator
$
$
Property Type
Amount Financed
$
$
$
$
$
$
$
Estimated Closing Costs
$
Post-closing liquidity without 401k
months
Post-closing liquidity with 401k
months
  View more details
$
months
%
%

$
$
%
%
$/month
$/month
/year

Your mortgage payments over years will add up to .

Your rent payments over years will add up to .


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