Brooklyn, NY 11220 5002 5th Avenue

Presented By: Kun (John) Wu with Century 21 Realty First
  • MLS# 484018
  • 06/19/2024
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  • SQFT • 7,400

Home Details

Welcome to this Solid brick construction semi-detached 2-family and 5-store in Sunset Park. Attention Investors. I am excited to present a prime investment opportunity located in the highly visible and heavily trafficked Sunset Park area. This property sits on a 30 x 100 lot and is a corner property featuring a mixed-use building with 5 stores and 2 residential units. Situated in the bustling 5th Avenue business district, this property offers exceptional exposure and foot traffic. Property Highlights mixed-use building: Comprising 5 retail stores and 2 residential units. Located on a prominent corner in a high traffic area. The current rent rolls: Net Operating Income (NOI) is approximately $358,749.40 annually. Convenient located close to public transportation, including the R train, and just a few minutes from Brooklyn’s Chinatown on 8th Avenue. The amenities include easy access to shopping, grocery stores, restaurants, and more. This property is a rare find in Sunset Park and offers great potential for both retail and residential income. With its strategic location and substantial NOI, it presents an outstanding investment opportunity. For more information or to schedule a viewing, please contact me at your earliest convenience. Don’t miss out on this exceptional investment opportunity!
Presented By: Kun (John) Wu with Century 21 Realty First

Interior Features for 5002 5th Avenue

Other Interior Features

Unit Count0
Sq Ft Total7400
Lavatories4+
Basement AmenitiesFull, Semi-Finished
Commercial Features ExteriorNone
Commercial Features InteriorNone
FlooringCeramic, Concrete, Granite, Tile
Heating FuelGas
Hot WaterGas
WallsMasonry, Poured Concrete

General for 5002 5th Avenue

# Families2
Block791
BoroughBrooklyn
Building TypeSemi-Detached
Cap Rate0.06
Ceiling Height8-10 Foot
CityBrooklyn
Commercial Condo YNNo
Construction MaterialsMasonry
Cumulative Days on Market180
DOM180
Electric110 V, 200 Amp
Financing1031 Exchange, Bank Mortgage, Cash
Gross Expense39137.60
Gross Income407887
Insurance Expense10000.00
Lot Number38
MLS AreaPark Slope
Net Operating Income358749.40
Number Of Stores5
Property TypeMixed Use
Public RemarksWelcome to this Solid brick construction semi-detached 2-family and 5-store in Sunset Park. Attention Investors. I am excited to present a prime investment opportunity located in the highly visible
RoofFlat
Sale TypeArm's Length
StatusActive
Stories3
Sub TypeMixed Use
Transaction TypeSale
Year Built1931
Yearly Taxes56396.00
ZoningC4-3A

Exterior for 5002 5th Avenue

Building Length75.00
Building Width30.00
ExteriorBrick
Foundation Poured Concrete
Loading DocksNone
Lot Dimensions30x100
Lot Size Length100
Lot Size Width30
Lot Sq Ft3000
Parking AttribNone
Property Panorama YNYes
Water Front Present YNNo
YardNone

Additional Details

Price History

Lucy Badwan

NYS Licensed Real Estate Broker-Owner.
Price $6,499,000
MLS#484018
List Date 06/19/2024
Property Type Mixed Use
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