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67 5 Ave., Brooklyn, NY 11217

$2,750,000
Active Listing
Listing Details:
$2,750,000 Price
Condo Property Type
Park Slope Neighborhood
3 Beds
2 Baths
-- Approx. Sq. Ft.
$8,282 RET
Key Features:
Laundry
Storage
Unit Terrace
Description:

Unique opportunity! This mixed-use 3-unit building in Park Slope has already been converted to three separate condos. Featuring two residential apartments plus one ground floor retail, 67 5th Avenue is special as it provides enormous flexibility to use as a primary residence, investment, or both. All three units are condos and are being sold together as one package. The two residential units are in excellent condition, spacious, and each come with their own private outdoor space, making these absolutely turnkey apartments. The top floor loft-like apartment is flooded with natural light and features hardwood floors, a kitchen off the living room with double-height ceilings, large master bedroom, and an upstairs den/2nd bedroom that leads to a large private deck. The second-floor residence is a large and stylish one-bedroom with a large private deck. The street-level retail store is a fantastic neighborhood staple, Sip Fine Wine, whose recent designation as an essential business makes this shop an even stronger asset to the building. The possibilities here are plentiful; you can use it as is - live in one apartment and collect rent from the other units. Combine apartments, expand, and create a magnificent home. Keep it all to yourself or collect income from all three units. You get the picture...endless possibilities with infinite potential. As a pure investment, the building provides an excellent revenue stream as three separate rentals, yielding a 5.3% cap rate. With the potential for expansion (FAR As Built is 1.7, Allowable FAR is 3.0) and the benefit of each unit already being converted to condo, there is tremendous opportunity in this building. Located on vibrant 5th Avenue in the very heart of Park Slope. Enjoy the convenience of having top-notch restaurants and boutique shopping right on your doorstep -- and the luxury of living a stone's throw from Brooklyn's finest cultural attractions: Prospect Park, BAM, Barclays Center, Brooklyn Botanic Garden, Brooklyn Museum and the Brooklyn Public Library. Please reach out to the listing agent to schedule a private appointment.

Listing courtesy of The Corcoran Group

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