Presenting an exceptional investment opportunity, a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling investment opportunity, boasting a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher. Constructed in 1931, this multi-family home encompasses approximately 4,551 square feet of living space on a 2,000 square foot lot. Its prime location places it amidst a plethora of retail stores, diverse shops, and a variety of restaurants along 4th, 5th, and 8th Avenues, providing residents with unparalleled convenience. The property is strategically situated just minutes from multiple [R & N] subway stations and bus stops, facilitating an effortless commute to Manhattan and other key areas. Additionally, the zoning districts R7A and C2-4, with a Floor Area Ratio (FAR) of 4, offer significant commercial conversion possibilities, presenting avenues for value addition and diversification. Sunset Park is renowned for its rich cultural tapestry and dynamic community atmosphere. The neighborhood's namesake park provides ample green space and recreational facilities, contributing to a lively atmosphere and strong sense of community. This property not only promises stable income through its current rent-stabilized units but also offers substantial upside potential through strategic enhancements and leveraging its prime location. Seize this rare opportunity to invest in a property that combines immediate financial benefits with promising future prospects in one of Brooklyn's most sought-after neighborhoods.
Active
$1,480,000
5411 4th Ave APT 6, Brooklyn, NY 11220
18beds
4,551sqft
Building
Built in 1931
-- sqft lot
$-- Zestimate®
$325/sqft
$-- HOA
What's special
- 154 days
- on Zillow |
- 166 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: March 20, 2025 at 02:10pm
Listing by:
Remax Edge 347-791-7011,
Joe Zhu
Source: StreetEasy,MLS#: S1753345
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 18
- Bathrooms: 6
- Full bathrooms: 6
Interior area
- Total structure area: 4,551
- Total interior livable area: 4,551 sqft
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Building
Condition
- Year built: 1931
Community & HOA
Community
- Subdivision: Sunset Park
HOA
- Services included: Maintenance
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $325/sqft
- Date on market: 2/7/2025
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