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About This Home

This 18-bedroom, 6-bathroom residential multi family at 5411 4th Avenue in Brooklyn, NY is listed for $1,299,999 ($800 per sqft). the home offers 1,625 sqft of living space on a 0.05 acres lot.

Agent Description

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.

Key Features

  • 0.05 acre lot

Property Details

6 full

Amenities

A/C

Monthly Cost Estimate

$6,953/mo

20% down · 6.5% · 30 years

Principal$940
Interest$5,633
Insurance$379

Estimates only. Actual payments may vary.

Location

5411 4th Avenue

Brooklyn, NY 11220

Questions & Answers

This 18-bedroom, 6-bathroom residential multi family at 5411 4th Avenue is listed at $1,299,999 ($800/sqft). The estimated monthly payment is $5,633 based on 20% down at 6.5% interest.

Key features include: 0.05 acre lot.

This property is listed by ZaiYou (Joe) Zhu and can be reached at (718) 612-3088 or joe@remaxedgeny.com.

ZZ

ZaiYou (Joe) Zhu

Agent at RE/MAX Edge

(718) 612-3088

Listed by RE/MAX Edge · View on Broker Site

MLS# 488822· Source: listhub· Updated 492 days ago

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5411 4th Avenue, Brooklyn, NY 11220

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