397 5th Ave
Listing Notes
**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 apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years, 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. Don't miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
Price in context
Cheaper than 28% of the 18 homes listed nearby right now, which run $2,600,000 to $6,000,000.
See all 18 nearby listings
| Address | Asking | Size |
|---|---|---|
| 438 12th St Apt 6A | $2,600,000 | 3 bd · 2 ba |
| 230A 7th St # Tha | $2,625,000 | 3 bd · 2 ba |
| 271 14th St Unit 2711A | $2,695,000 | 3 bd · 3 ba |
| 347 6th Ave Apt 1 | $2,850,000 | 2 bd · 3 ba |
| 6 Garfield Pl Ph 1201 | $2,875,000 | 2 bd · 3 ba |
| 436 4th Ave | $3,299,000 | Studio |
| 316 6th St | $3,300,000 | 18 bd · 8 ba |
| 390 9th St Unit A | $3,500,000 | 3 bd · 3 ba |
| 486 3rd Ave | $3,800,000 | 19 bd · 16 ba |
| 512 10th St | $3,995,000 | 4 bd |
| 277 7th St | $4,200,000 | 42 bd · 20 ba |
| 362A 6th Ave | $4,495,000 | 5 bd · 5 ba |
| 509 3rd St | $4,500,000 | 4 bd · 2 ba |
| 457 6th St | $4,650,000 | 6 bd · 4 ba |
| 383 10th St | $4,995,000 | 3 bd · 4 ba |
| 232 8th St | $5,995,000 | 5 bd · 6 ba |
| 524 11th St | $5,995,000 | 5 bd · 7 ba |
| 265 6th Ave | $6,000,000 | 4 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more