Vacant-User

5003 5th Avenue

5003 5th Ave, Brooklyn, NY 11220

Listing Price: $2,400,000

Cap Rate
5.23%
Gross SF
2,375
Rentable SF
2,375
Price/Gross SF
$1,010.53
Lot Size
0.05 acres
Year Built
1905

Investment Overview

Marcus and Millichap is proud to present 5003 5th Avenue, a one-story building with a vacant retail unit. The property is located on 5th Avenue between 50th Street & 51st Street in the Sunset Park neighborhood of Brooklyn.

The subject property was built in 1905 and measures 25 feet wide by 95 feet deep,on a lot that extends 100 feet deep and is zoned C4-3A. The Property contains an additional 5,125 square feet of air rights, with 7,500 total buildable square feet.

The subject property is located 4 blocks from the 53rd Street 'R" Train Station providing easy access to Manhattan, the rest of Brooklyn and Queens.

Investment Highlights

  • Sunset Park Retail Building With Additional Air Rights
  • Located on Prime 5th Avenue Retail Corridor With Heavy Foot Traffic
  • Full Basement Access Approximately 2,375 Square Feet
  • Rapidly Emerging Submarket With Strong Fundamentals

Exclusively Listed By

Listing Price: $2,400,000

Cap Rate
5.23%
Gross SF
2,375
Rentable SF
2,375
Price/Gross SF
$1,010.53
Lot Size
0.05 acres
Year Built
1905

Investment Highlights

  • Sunset Park Retail Building With Additional Air Rights
  • Located on Prime 5th Avenue Retail Corridor With Heavy Foot Traffic
  • Full Basement Access Approximately 2,375 Square Feet
  • Rapidly Emerging Submarket With Strong Fundamentals

Investment Overview

Marcus and Millichap is proud to present 5003 5th Avenue, a one-story building with a vacant retail unit. The property is located on 5th Avenue between 50th Street & 51st Street in the Sunset Park neighborhood of Brooklyn.

The subject property was built in 1905 and measures 25 feet wide by 95 feet deep,on a lot that extends 100 feet deep and is zoned C4-3A. The Property contains an additional 5,125 square feet of air rights, with 7,500 total buildable square feet.

The subject property is located 4 blocks from the 53rd Street 'R" Train Station providing easy access to Manhattan, the rest of Brooklyn and Queens.

Exclusively Listed By

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