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180 Fifth Ave 7 Unit Apartment Building $7,592,400 CAD ($1,084,629 CAD/Unit) 5.30% Cap Rate Brooklyn, NY 11217
Investment Highlights
- 100% Free Market
- Renovated Restaurant Space on Ground Floor
- Turnkey
- A+ Location Prime Park Slope
- Beautifully Renovate Apartments
Executive Summary
The New York Multifamily Group at Marcus & Millichap is pleased to exclusively present 180 5th Avenue, a premier opportunity situated in the heart of Park Slope, one of Brooklyn's most distinguished and enduring residential and retail corridors. This particular stretch of 5th Avenue is especially attractive as the crowd from Barclay’s dies out a few blocks north around Sterling, settling into a classic Park Slope neighborhood feel right around St. John's and Lincoln Place, running all the way to 1st Street. This is where you want to be on 5th Avenue.
The existing building features strong bones with renovated interiors maintained in impeccable condition. The building is 100% Free Market with top of the line finishes and a newly renovated restaurant. This is a core plus asset supported by proximity to Prospect Park, top-dining and independent retail, cultural institutions, and multiple transit options, including the R, F, and G lines.
The existing building features strong bones with renovated interiors maintained in impeccable condition. The building is 100% Free Market with top of the line finishes and a newly renovated restaurant. This is a core plus asset supported by proximity to Prospect Park, top-dining and independent retail, cultural institutions, and multiple transit options, including the R, F, and G lines.
Property Facts
| Price | $7,592,400 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,084,629 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.30% | Lot Size | 0.04 AC |
| Gross Rent Multiplier | 14.1 | Building Size | 5,200 SF |
| No. Units | 7 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1921 |
| Zoning | R6A - R6A Zoning is a medium-density residential zoning district. It is a contextual zone that follows the regulations of the Quality Housing Program. | ||
| Price | $7,592,400 CAD |
| Price Per Unit | $1,084,629 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 14.1 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 5,200 SF |
| No. Stories | 4 |
| Year Built | 1921 |
| Zoning | R6A - R6A Zoning is a medium-density residential zoning district. It is a contextual zone that follows the regulations of the Quality Housing Program. |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 00949-0049 | Improvements Assessment | $1,769,234 CAD |
| Land Assessment | $16,006 CAD | Total Assessment | $1,785,240 CAD |
Property Taxes
Parcel Number
00949-0049
Land Assessment
$16,006 CAD
Improvements Assessment
$1,769,234 CAD
Total Assessment
$1,785,240 CAD
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180 Fifth Ave
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