Investment Overview

528 5th Street is a classic Park Slope double-barrel eight-unit multifamily building located on one of the most coveted residential blocks in all of Brooklyn. Spanning approximately 7,104 square feet, the property sits squarely in the heart of prime Park Slope, just moments from Prospect Park, 5th and 7th Avenue retail corridors, and multiple subway lines. After taxes and expenses, the property generates approximately $207,000 of net income offering immediate cashflow while also presenting significant upside. 5 of the 8 apartments are free-market with room to push rents as-is or even further with minor cosmetic upgrades. The building has been immaculately maintained and presents in excellent condition. The offering price reflects an extremely attractive $535 per square foot in an area condos sell at over $2,000/sf. The combination of a predominantly free-market rent roll, significant upside, premier Park Slope location, and exceptional physical condition positions 528 5th Street as a rare opportunity to acquire a blue-chip multifamily asset in one of Brooklyn’s most established neighborhoods.