Mixed-Use
294 South 5th Street
294 S 5th St, Brooklyn, NY 11211
Listing Price: $3,250,000
Investment Overview
Marcus & Millichap is pleased to offer 294 South 5th Street, a rare value-add opportunity in one of Brooklyn’s most sought-after neighborhoods, positioned in the heart of trendy South Williamsburg. The 3,560 SF brick mixed-use building features Five Free-Market apartments over One Retail space, offering multiple pathways to upside through renovation, repositioning, or lease-up. With two units already vacant and the remaining tenants on Month-to-Month agreements, investors benefit from near-term flexibility and the potential to deliver the building fully vacant. A 2010 Certificate of Occupancy, Tax Class 2A status, and full exemption from Good Cause Eviction further streamline management and operations, making this an attractive, low-risk platform for strategic upside.
294 South 5th Street
Investment Highlights
- 294 South 5th Street is a brick mixed-use building comprised of 6 units, spanning 3,560 SF.
- Built 20' x 45' on a 20' x 80' Lot | Tax Class: 2A | Exempt from Good Cause Eviction Through 2040
- Located in Prime South Williamsburg area with close proximity to Marcy Ave subway station and connections to M, J, Z train lines.
Listing Price: $3,250,000
Investment Highlights
- 294 South 5th Street is a brick mixed-use building comprised of 6 units, spanning 3,560 SF.
- Built 20' x 45' on a 20' x 80' Lot | Tax Class: 2A | Exempt from Good Cause Eviction Through 2040
- Located in Prime South Williamsburg area with close proximity to Marcy Ave subway station and connections to M, J, Z train lines.
Investment Overview
Marcus & Millichap is pleased to offer 294 South 5th Street, a rare value-add opportunity in one of Brooklyn’s most sought-after neighborhoods, positioned in the heart of trendy South Williamsburg. The 3,560 SF brick mixed-use building features Five Free-Market apartments over One Retail space, offering multiple pathways to upside through renovation, repositioning, or lease-up. With two units already vacant and the remaining tenants on Month-to-Month agreements, investors benefit from near-term flexibility and the potential to deliver the building fully vacant. A 2010 Certificate of Occupancy, Tax Class 2A status, and full exemption from Good Cause Eviction further streamline management and operations, making this an attractive, low-risk platform for strategic upside.
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