5206 6th Avenue
Property Description
Attention Investors! Excellent income-producing opportunity in the heart of Sunset Park, Brooklyn! This 4-story brick multifamily building features 16 residential units, consisting of 6 three-bedroom units, 8 two-bedroom units, and 2 one-bedroom units. Situated on a 35' * 100' lot with a 35' * 89' building footprint, the property offers approximately 12,460 SF of building space. Current total monthly rental income is approximately $21,500 with a CAP rate close to 7%. A standout feature is the extra-high basement with windows in each section, providing natural light and substantial additional space for storage and building operations. C2-4 / R6A zoning offers additional flexibility and future potential, subject to applicable zoning regulations and approvals. Prime Sunset Park location near the 5th Avenue, 7th Avenue, and 8th Avenue commercial corridors, surrounded by shopping, restaurants, supermarkets, and neighborhood amenities. Close to Industry City, with convenient access to the D, N & R subway lines and B11, B70 & B63 buses. A rare opportunity to acquire a strong income-producing 16-unit multifamily asset in one of Brooklyn's most established neighborhoods.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,499,900 |
| No. of Units: | 16 |
| Year Built: | 1910 |
| Lot Size: | 12,460.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $156,244 |
| Property Website | Click Here |
| Number of Bedrooms: | 36 |
| Number of Bathrooms: | 16 |
ID: 3yd-BMLSNY-503888
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