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5415 8th Avenue, Brooklyn, New York, 11220

$5,980,000

0

Beds

Bathrooms

3,840

Building Sqft

0.04

Acres

1,600

Lot Sqft

About 5415 8th Avenue

Prime Sunset Park Mixed-Use Building For Sale! Excellent investment opportunity featuring a 3-story building with a full finished basement—2 family and 1 commercial storefront. Lot size 20×80; Building size: 1FL 20×80, 2FL&3FL 20×56. Ideally located on 8th Avenue in the heart of Sunset Park, a highly desirable commercial corridor with strong foot traffic and excellent visibility.The ground-floor retail unit is currently a pharmacy with 2 years remaining on the lease and a 3-year option to renew; rent includes 25% of property tax. The 2nd and 3rd floor residential units have been renovated and require no additional work. The residential units can be DELIVERED VACANT, offering great flexibility for owner-use or rental. Convenient to N train and B9, B70 bus lines, restaurants, supermarkets, and all neighborhood amenities. Excellent income-producing property with a current 5.51% cap rate and strong potential to reach 6.71%! A rare find in a prime 8th Avenue location! All information is deemed reliable but is not guaranteed. Buyer is advised to independently verify the accuracy of all information.

Features of 5415 8th Avenue

MLS® #
497004
Acres
0.04
Type
Mixed Use
Price
$5,980,000
Square Footage
3,840
Year Built
1930
Sub-Type
Mixed Use

Community Information

Address
5415 8th Avenue
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Zip Code
11220

Listing Information

Agent Name
Xiu Qin (Jenny) Zou
Agent Office
Fang Fang Realty Inc

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(718) 987-7900