Buy with Yoreevo
$5,978,000
List Price: $6,100,000
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397 Fifth Avenue
Townhouse in Park Slope •  building info
8bd • 4ba • 3,828ft² $1,594 per ft²
Buy with Yoreevo

$5,978,000

List Price

$6,100,000

Key Details
Days on market
23
Last price change
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Estimated payment
$36,209
Taxes
$601
Monthly maintenance
N/A
Description
**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods. Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Dont miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.

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Important Stuff
Pets allowed
Listing Amenities
Hardwood floors
Dishwasher
Central Air
Building Amenities
Fios Available
Building info

History
What it'll cost
Purchase price
$6,100,000
Asking Price: $6,100,000
Term
30 Years
Down Payment
$610,000 (10%)
Min: 10% (610,000)
Rate
6.75 %
Mortgage Amount
$5,490,000
Mortgage Payment
$35,608
Taxes
$601
Estimated Yoreevo rebate
$122,000
Estimated closing cost
$274,000
Total monthly cost $36,209
Buy your dream home with us and get an estimated $122,000 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Compass

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