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bedrooms
bedrooms
8
bathrooms
bathrooms
4
square feet
square feet
3,828
acreage
Acreage
0.0
open houses
Open Houses
-
year built
year built
-
full baths
Full Baths
4
half baths
Half Baths
0
**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 5.5% 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. Don t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
Location
Subdivision -
County Kings
Elementary School -
Middle School -
High School -
open houses Open houses
None scheduled.
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MLS number: 11389299
Listing agent: Louis Esposito
Listing broker: Compass
Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.   [source]
Last update: Tuesday, April 22 2025 at 10:13 a.m. EDT
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