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For sale
  • $1,480,000

    5411 4th Ave, Brooklyn, NY 11220

    18beds
    --sqft
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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.
    166 days
    on Zillow
    |
    123
    |
    2
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 23, 2025 at 05:34am

    Listing by:

    RE/MAX Edge 718-612-3088,

    ZaiYou (Joe) Zhu 347-791-7011

    Source: BNYMLS,MLS#: 488822MLS Logo
    Travel times

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    Next available tour time:Today at 2:30pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 18
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Other
    Cooling
    • Has cooling: Yes
    Features
    • Flooring: Other
    • Basement: Finished,Full

    Property

    Parking
    • Parking features: None
    Lot
    • Size: 2,000 Square Feet
    • Dimensions: 25x80
    • Features: Back Yard, Front Yard
    Details
    • Foundation area: 1625
    • Zoning: R7A, C2-4
    • Special conditions: Arm's Length

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Other
    • Foundation: Other
    • Roof: Other

    Utilities & green energy

    • Electric: Other

    Community & HOA

    Community
    • Subdivision: Brooklyn
    Location
    • Region: Brooklyn

    Financial & listing details

    • Annual tax amount: $14,863
    • Date on market: 1/25/2025
    • Total actual rent: 9824
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