Four-Story Mixed-Use Building in Park Slope

88 5th Avenue

Park Slope

Cross Streets Warren Street and St. Marks Place
Lot SF 1,279
Approximate Gross SF 4,800
Subways
b
d
f
g
n
q
r
w
2
3
4
5
Buses
B61, B63, B67, B69
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Mixed-Use 88 5th Avenue, Park Slope
Matthew Cosentino
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Details

Residential Units 6
Commercial Units 1
Stories 4
Tax Class 2B

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 88 5th Avenue, a mixed-use building located between St Marks Pl and Warren Street on one of the busiest and best retail strips in Brooklyn, less than 3 blocks away from Barclays Center. This four-story 4,800 SF property offers the opportunity to obtain a tax-class protected building with strong upside in one of Brooklyn’s most prime neighborhoods.

The building consists of six residential units above the commercial space occupied by Pure Bistro, a healthy neighborhood café with a loyal customer base that has been in there for ~10 years.

Four of the apartments will be delivered vacant, providing an investor with immediate upside.

Attractions

In close proximity to the Barclays Center and Flatbush Avenue, the property benefits from heavy foot traffic and has an abundance of strong neighboring commercial tenants such as Artichoke Pizza, Miriam, Patsy’s, Harlem Shake, Insomnia Cookies, Chick-fil-A and Shake Shack.

88 5th Avenue sits steps away from the Atlantic Avenue-Barclays Center station, with access to the 2, 3, 4, 5, B, D, N, Q, R trains as well as the LIRR.

Barclays Center
Prospect Park
Park Slope Food Co-op
Talde
Blue Ribbon

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