Closed 06/19/2018

7-Unit Mixed-Use Building

55 5th Avenue

Park Slope

Closed 06/19/2018 at
$4,150,000 | $657 per SF

6,316 Gross SF
933_5 Block_Lot
26 Ft x 77 Ft Lot Size
2,002 Lot SF
6,006 Total Buildable SF
310 Available Air Rights
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Other Transportation
LIRR
Mixed-Use 55 5th Avenue, Park Slope
7-Unit Mixed-Use Building
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Details

FAR 3.00
Zoning R6A, C1-4

Overview

TerraCRG has been retained to exclusively sell 55 5th Avenue, a mixed-use building in the heart of Park Slope, just two blocks from the Barclays Center and Atlantic Terminal Mall.

55 5th Avenue is a 6,316 SF building comprised of one ground-level retail unit and six residential units. The unit mix includes five rent stabilized units and one free market apartment.  There is significant upside in the rents as the five RS units are paying on average just $18/SF in a market where renovated units rent for over $60/SF.  The retail unit is 1,390 SF and will be delivered vacant.

Attractions

The property is located two blocks from Flatbush Avenue at the intersection of 4th, 5th and Atlantic Avenue, providing tenants easy access to retail amenities including Starbuck’s, Patsy’s Pizzeria, Barclays Center, Atlantic Terminal Mall, Shake Shack, Modell’s, and PC Richards.

Apple
WholeFoods
Shake Shack
Chipotle
Uniqlo
Chase
Starbucks
Soul Cycle
Modell's Sporting Goods
Target
Bank of America
CityMD
Orange Theory
Union Market
Victoria's Secret
True Religion
TD Bank
Vitimin Shoppe

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