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  1. House
  2. For Sale
  3. Brooklyn
Joe Zhu 1,388,000 USD

Residential - Multi-Family - Brooklyn, New York, United States - United States – 18 Bedrooms, 6 Bathrooms

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Joe Zhu

RE/MAX Edge

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1388000.0000 USD
1020192022-131 Multi-Family RE/MAX 1020192022-131 1020192022-131 https://global.remax.com/en/listings/usa/multi-family/for-sale/brooklyn/5411-4th-ave/1020192022-131

Residential - Multi-Family - Brooklyn, New York, United States - United States

MultiFamily in Brooklyn, NY

1,388,000 USD https://global.remax.com/en/listings/usa/multi-family/for-sale/brooklyn/5411-4th-ave/1020192022-131 InStock
 
5411 4th Ave - Brooklyn, Brooklyn, New York, United States
Bedrooms:
18
Bathrooms
6
Lot Size:
0.05 acre(s)
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.
Features Description


All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
Joe Zhu - RE/MAX Edge
+1 (718) 288-3835 0 - 99999999 Joe Zhu Joe Zhu https://global.remax.com/en/agents/usa/brooklyn/joe-zhu/1020192022 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647

Joe Zhu

RE/MAX Edge

+1 (718) 288-3835 0 - 99999999 USD United States RE/MAX RE/MAX Edge Brooklyn 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647


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+1 (718) 288-3835 0 - 99999999 Joe Zhu Joe Zhu https://global.remax.com/en/agents/usa/brooklyn/joe-zhu/1020192022 1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647

RE/MAX Edge

1812 Bath Ave Ste 2
Brooklyn, New York, United States
11214-4647
https://remaxedgeny.com/
+1 (718) 288-3835 0 - 99999999 USD United States RE/MAX RE/MAX Edge Brooklyn

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