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5405 6th Ave 4,723 SF 23% Leased Retail Building Brooklyn, NY 11220 For Sale
Investment Highlights
- Busy Heavy Traffic
- Cap rate 3%
- Gross Income: $139,200
Executive Summary
Prime Location 6 Avenue 54 street Sunset park, Busy high traffic area newly rebuilt gut renovated from ground up legal 3 family with storefront & LEGAL rentable basement storefront/Office/ Storage not included in Cap Rate! Huge three residential apartment, each consist of 4 bedrooms & 2 full baths & 2 balcony! Lots of closet space, Average residential size 1,822 sq ft with high ceiling! New kitchen bathroom, floors too much to say! Month to month occupancy! Storefront 1,080 sq ft with full finished basement with high ceiling & bathroom with its separate entrance & boiler! Building size 20 x 55 lot size 20 x 80. R6 S2zoning. Storefront currently discount 99 cents store -no lease - paying $ 5,000-month NNN lease. Projected Cap rate 7% with many upsides potential Projected $ 366,000 yr income! All market values! Near 8th Or 4 Avenue shopping corridor, all train, restaurant & much more!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,723 SF
Building Class
C
Year Built/Renovated
1910/2010
NOI
$195,363 CAD
Percent Leased
23%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
2.71
Lot Size
0.04 AC
Zoning
R6A - Medium density residential district
Frontage
21’ on 6th Ave
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00825-0008 | Improvements Assessment | $191,574 CAD |
| Land Assessment | $17,572 CAD | Total Assessment | $209,146 CAD |
Property Taxes
Parcel Number
00825-0008
Land Assessment
$17,572 CAD
Improvements Assessment
$191,574 CAD
Total Assessment
$209,146 CAD
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5405 6th Ave
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