Four-Story Mixed-Use Building in Sunset Park

5102 5th Avenue

Sunset Park

$4,600,000

Cross Streets Corner of 51st Street
Total SF with Duplex 8,388
Lot SF 2,467
Total Units 7
Subways
n
q
r
w
Other Transportation
B9, B11, B35, B47, B63, B70
Request More Info
Would you like to know more?

I would like to be contacted:

Are you in a 1031 Exchange?

Mixed-Use 5102 5th Avenue, Sunset Park
Matthew Cosentino
Have Matthew contact you

Want Matthew to contact you?

I would like to be contacted:

Are you in a 1031 Exchange?

Details

Residential Units 4
Office Units 1
Retail Units 2
Stories 4
Zoning C4-3A
Tax Class 4

Overview

TerraCRG has been retained to exclusively represent ownership in the sale of 5102 5th Avenue, a corner mixed-use building located on a prime retail corridor in Sunset Park.

This 4-story property offers the unique opportunity to obtain free market residential units, a highly desirable corner retail space along with additional cell tower income.

The corner building consists of 4 free-market apartments, 2 retail spaces, 1 office space and a cell tower. The retail spaces are occupied by a jewelry store and a cell phone store, both on a month-to-month basis. Three out of four apartments are vacant, and the 4th unit is also month-to-month. Fully-occupied, the building can generate an annual gross income of ~$416,000 and a net operating income of ~$295,000.

Attractions

The property is located on one of the busiest retail strips in Brooklyn and is in very close proximity to the R train and numerous national tenants, including CityMD, T-Mobile, Duane Reade, Rite Aid, Capital One Bank, and many more.

Chase Bank
Snipes
GNC
Burger King & McDonald's

Brooklyn Neighborhood Guides

Our neighborhood guides tell you everything you need to know about Brooklyn, from comprehensive market data to the best places to eat, shop and play.

Learn More >