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6001 5th Ave 6,000 SF 100% Leased Retail Building Brooklyn, NY 11220 $4,309,408 CAD ($718.23 CAD/SF) 5.49% Cap Rate
Investment Highlights
- ALL FREE-MARKET APARTMENTS
- Heavy Foot & Car Traffic
- Buses (B9 & B63) close for local transportation. Highway Entrance is 4 blocks away (Gowans Expressway)
- Prime Corner Location (High Visibility for Retail and Storefronts)
- Subway Trains (D,N & R) are less than 3 minute walk - Less than 30 minute ride to Downtown Manhattan
- Convenient Shopping on 5th Avenue and NYU Langone Hospital is close
Executive Summary
Investment Opportunity on Prime Corner Location!! Mixed-Use Building in the heart of Sunset Park featuring 5 free-market two-bedroom apartments (one with an extra room, can be used for home office or playroom) and 3 ground-floor retail stores including a prime corner unit. All leases are short-term, allowing for near-term rent increases or owner occupancy. Current rents are below market, providing exceptional upside potential. Located minutes from D, N & R trains, moments from buses, and close to shopping, dining, and major highways. Just minutes from NYU Langone Hospital, Sunset Park, Industry City, and Brooklyn Army Terminal. Great Income Property with strong growth potential in a high-traffic, high-demand location. Projected Annual Gross Income is roughly $330k, price is negotiable, present all offers.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$303,786
|
$50.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$303,786
|
$50.63
|
| Taxes |
$32,814
|
$5.47
|
| Operating Expenses |
$34,208
|
$5.70
|
| Total Expenses |
$67,022
|
$11.17
|
| Net Operating Income |
$236,764
|
$39.46
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $303,786 |
| Annual Per SF | $50.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $303,786 |
| Annual Per SF | $50.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,814 |
| Annual Per SF | $5.47 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $34,208 |
| Annual Per SF | $5.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $67,022 |
| Annual Per SF | $11.17 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $236,764 |
| Annual Per SF | $39.46 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1931
Price
$4,309,408 CAD
Price Per SF
$718.23 CAD
Cap Rate
5.49%
NOI
$236,764 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.75
Lot Size
0.05 AC
Zoning
R6 - Medium density residential district
Frontage
25’ on 5th Ave
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05783-0009 | Total Assessment | $781,014 CAD (2025) |
| Land Assessment | $12,976 CAD (2025) | Annual Taxes | $32,814 CAD ($5.47 CAD/SF) |
| Improvements Assessment | $768,038 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
05783-0009
Land Assessment
$12,976 CAD (2025)
Improvements Assessment
$768,038 CAD (2025)
Total Assessment
$781,014 CAD (2025)
Annual Taxes
$32,814 CAD ($5.47 CAD/SF)
Tax Year
2024
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