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Image 1 - 397 5th Ave, Brooklyn, New York, 11215 - House for sale
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Th Ave, Brooklyn, Home For Sale
397 5th Ave, Brooklyn, New York, 11215

Th Ave, Brooklyn, Home For Sale

house for sale
Listed: 08/29/24

397 5th Ave, Brooklyn, New York, 11215

8 Bed:
4.5 Bath:
3,828 Sq Ft Living Area:
Save
Price
$ 6,1M

About This House

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, …  Full description

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Park Slope Housing & Living

Household Income

Median household income: $63,799
Number of households: 3,2M
The average household income in New York, NY grew from $60,879 to $63,799 in the past year. This data is an estimate based upon 3,2M households in New York, NY.
The chart below presents how household income is distributed in New York, NY in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in New York, NY compared to median property taxes around the country. The prevalent amount of property taxes in New York, NY equals $3k+ , which is more than the national average.