5825 5th Ave | Brooklyn, NY 11220
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- LoopNet Team
5825 5th Ave
Brooklyn, NY 11220
Multifamily Property For Sale · 4 Units
Investment Highlights
- Property has a) 5 apartments (2 on 4th floor, 2 on 3rd floor, and 1 on 2nd floor), b) 1 office (2nd floor), and c) 4 retail stores (ground floor)
- Great value add potential: Residential rents are 40% below market and present an opportunity to add value to the Property.
- Low taxes & in future: the property's taxes are low for MX property on 5th ave & tax class 2B ensures increases will be very minimal
- Free market property: DHCR Deputy Commissioner wrote a letter explicitly stating free market status
- The property's 2nd floor will be delivered vacant & renovations can begin right at closing
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.05 AC |
| Property Type | Multifamily | Building Size | 8,190 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built | 1931 |
| Building Class | B |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 8,190 SF |
| No. Stories | 4 |
| Year Built | 1931 |
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- On-Site Retail
- Vintage Building
- Public Transportation
PROPERTY TAXES
| Parcel Number | 00856-0001 | Improvements Assessment | $676,800 |
| Land Assessment | $19,800 | Total Assessment | $696,600 |
PROPERTY TAXES
Parcel Number
00856-0001
Land Assessment
$19,800
Improvements Assessment
$676,800
Total Assessment
$696,600
zoning
| Zoning Code | R6A |
| R6A |
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