Investment Overview

Marcus & Millichap has been exclusively engaged to represent ownership in the sale of 156 5th Avenue in the Park Slope section of Brooklyn, NY. The subject property is a 4-story mixed-use building comprised of 3 two-bedroom/1.5 bathroom apartments, with 1 large commercial space on the ground floor. The building is located on 5th Avenue between Douglass Street & DeGraw Street in the Park Slope neighborhood of Brooklyn and is zoned R6A, C1-4. 156 5th Avenue was built in 1920 and measures 20 feet wide by 50 feet deep, on a lot that extends 90 feet deep. This is an excellent chance to acquire a clean brownstone mixed-use investment building in a prime Park Slope location 3 blocks from the Union Street [ N, R ] Train Station, providing easy access to Manhattan and the rest of Brooklyn. This is a well-established location that has seen apartment rents reach $65-70/SF, and commercial leases regularly being signed around $90-110/SF. Each apartment is in above average condition, offering legitimate rental upside even if a new buyer chooses not to extensively renovate.