5411 4th Ave
Listing Notes
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.
Price in context
Cheaper than 87% of the 24 homes listed nearby right now, which run $728,000 to $1,850,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 422 49th St Apt 1F | $728,000 | 2 bd · 2 ba |
| 463 52nd St | $1,250,000 | 18 bd · 7 ba |
| 345 54th St | $1,299,000 | 3 bd · 2 ba |
| 322 56th St | $1,328,888 | 5 bd · 2 ba |
| 345 53rd St | $1,358,888 | 5 bd · 4 ba |
| 361 59th St | $1,388,000 | 8 bd · 6 ba |
| 368 54th St | $1,398,000 | 6 bd · 2 ba |
| 449 57th St | $1,399,999 | 6 bd · 3 ba |
| 458 58th St | $1,450,000 | 8 bd · 2 ba |
| 5907 4th Ave | $1,480,000 | 16 bd · 8 ba |
| 461 50th St | $1,558,800 | 3 bd · 3 ba |
| 346 52nd St | $1,580,000 | 5 bd · 2 ba |
| 338 56th St | $1,600,000 | 7 bd · 4 ba |
| 5502 6th Ave | $1,600,000 | 11 bd · 10 ba |
| 516 55th St | $1,620,000 | 10 bd · 3 ba |
| 346 53rd St | $1,630,000 | 5 bd · 2 ba |
| 346 53rd St | $1,630,000 | 5 bd · 8 ba |
| 469 52nd St | $1,650,000 | 20 bd · 6 ba |
| 472 57th St | $1,680,000 | 9 bd · 3 ba |
| 5015 4th Ave | $1,688,000 | 3 bd · 1 ba |
| 524 51st St | $1,699,000 | 8 bd · 4 ba |
| 524 51st St | $1,699,000 | 8 bd · 4 ba |
| 426 54th St | $1,749,000 | 4 bd · 4 ba |
| 355 58th St | $1,850,000 | 24 bd · 9 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more