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575 4th Ave
Brooklyn, NY 11215
575 Fourth Avenue · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Steps from Public Transportation
- Close proximity to Prospect Park and schools
- Easy access to Prospect Expressway
PROPERTY FACTS
| Total Building Size | 83,065 SF | Typical Floor Size | 9,091 SF |
| Property Type | Multifamily | Year Built | 2018 |
| Property Subtype | Apartment | Lot Size | 0.58 AC |
| Building Class | A | Parking Ratio | 0.4/1,000 SF |
| Floors | 11 | ||
| Zoning | R8A - residential | ||
| Total Building Size | 83,065 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 11 |
| Typical Floor Size | 9,091 SF |
| Year Built | 2018 |
| Lot Size | 0.58 AC |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | R8A - residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Dining Room
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Fitness Center
- Playground
- Doorman
- Gameroom
- Grill
- Pet Play Area
- Roof Terrace
- Storage Space
- Bicycle Storage
- Lounge
- Smoke Detector
2 UNITS AVAILABLE
Unit A
| Unit Size | 2,370 SF | Cap Rate | 6.18% |
| Condo Use | Retail | NOI | $280,163.94 CAD |
| Sale Type | Investment |
| Unit Size | 2,370 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| NOI | $280,163.94 CAD |
DESCRIPTION
The corner unit A total approximately 2,370 SF and is currently vacant.
SALE NOTES
- 2 Commercial condominium units are located on the ground floor of a newly constructed 70-unit luxury residential building
-Over 105' of wraparound frontage on the corner of 4th and Prospect Avenues in Park Slope.
- The corner Unit A totals approximately 2,370 sf and is occupied by a gourmet deli through January 2035. They have one five-year extension
- Unit B totals 1,776 sf and is occupied by Studio Pilates through September
2029. They have one 5-year extension
- Steps from the Prospect Ave D, N, R,W subway station, which provides access
to Manhattan in under 25 minutes
- Directly next to the Prospect Expressway, providing access to Manhattan via
the Hugh L. Carey Tunnel or Brooklyn Bridge.
- Proximity to Prospect Park, high-quality schools, dining and shopping options
make park Slope on of NYC's most desirable residential enclaves. It is in need
of more retail to satisfy demand
Interior Photo
Interior Photo
Unit A Floor Plan
Unit B
| Unit Size | 1,776 SF | Cap Rate | 6.18% |
| Condo Use | Retail | NOI | $280,163.94 CAD |
| Sale Type | Investment |
| Unit Size | 1,776 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.18% |
| NOI | $280,163.94 CAD |
DESCRIPTION
The corner unit A total approximately 2,370 SF and is currently vacant.
SALE NOTES
- 2 Commercial condominium units are located on the ground floor of a newly constructed 70-unit luxury residential building
-Over 105' of wraparound frontage on the corner of 4th and Prospect Avenues in Park Slope.
- The corner Unit A totals approximately 2,370 sf and is occupied by a gourmet deli through January 2035. They have one five-year extension
- Unit B totals 1,776 sf and is occupied by Studio Pilates through September
2029. They have one 5-year extension
- Steps from the Prospect Ave D, N, R,W subway station, which provides access
to Manhattan in under 25 minutes
- Directly next to the Prospect Expressway, providing access to Manhattan via
the Hugh L. Carey Tunnel or Brooklyn Bridge.
- Proximity to Prospect Park, high-quality schools, dining and shopping options
make park Slope on of NYC's most desirable residential enclaves. It is in need
of more retail to satisfy demand
Interior Photo
Interior Photo
Unit B Floor Plan
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 70 | - | - |
