4716 Fifth Avenue, Sunset Park, Brooklyn

Bijou Equities is pleased to exclusively represent the ownership in the sale of a prime mixed-use building located at 4716 5th Avenue in the vibrant Sunset Park neighborhood of Brooklyn. This property is strategically positioned on 5th Avenue, the premier retail corridor of Sunset Park, nestled between 47th & 48th Streets.

The building is a 2-story brick structure consisting of 2 free-market, fully renovated residential units and 1 occupied retail store. The residential units have undergone gut renovations and feature in-unit washer and dryer, central air conditioning, modern kitchens, and new appliances. The property sits on a 30 x 80-foot lot and has a total square footage of 4,200. Zoned C4-3A, the property has a Floor Area Ratio (FAR) of 3, allowing for an additional 3,000 square feet of air rights, making it possible to add another 1-2 stories to increase income.

Asking Price: $2,900,000

Cap Rate: 
6.48% Cap Rate

Air Rights: 3,000 SF to Build