308-310 Fifth Avenue, Park Slope

Two Mixed-Use Buildings for Sale

308-310 Fifth Avenue, Brooklyn, NY 11215
Asking Price Submit Offers
Type Mixed-Use
Neighborhood Park Slope
Properties 2
Lot Size 308 Fifth Ave: 34 FT X 81.83 FT | 310 Fifth Ave: 28 FT X 81.83 FT
Zoning Code 308 Fifth Ave: D1 | 310 Fifth Ave: S9
Size 308 Fifth Ave: 8,346 SF | 310 Fifth Ave: 6,874 SF
Stories 308 Fifth Ave: 6 Stories | 310 Fifth Ave: 4 Stories
Units Total: 15 Residential & 2 Commercial
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present the Exclusive Offering for 308 and 310 5th Avenue, two corner mixed-use buildings on 5th Avenue and 2nd Street in Park Slope, Brooklyn. The offering provides the rare opportunity to acquire a corner mixed-use elevator building and the adjacent pre-war walk up building. Assets have a total of 15 apartments, two large commercial spaces and a total of 62 ft of frontage on 5th Avenue. The assets can be purchased separately or together.

• Rare opportunity to acquire core assets of scale in prime Park Slope
• Assets are located on 5th Avenue at the corner of 2nd Street
• Significant upside in rental income with residential rents ~35% below market
• Both buildings belong to protected Tax Class 2B
• 308 5th Avenue offers a rarely available Park Slope corner elevator building
• 310 5th Avenue is a pre-war walkup building with high-end restaurant space
• 62 Feet of Retail Frontage on 5th Avenue
• In place gross income of ~$975,000 and NOI of ~$850,000
• Buildings can be purchased separately or together
• Assets are easily accessible by subway as location is only a few blocks from F,G & R trains and walking distance to Barclays Center

Location:

Located on the corner of 2nd Street and 5th Avenue

Property Listing Contact:

Adam Hess // Senior Managing Director // One Battery Park Plaza, New York, NY 10004 // 718.534.9201 // ahess@meridiancapital.com

Eddie Setton // Vice President // One Battery Park Plaza, New York, NY 10004 // 718.534.9202 // esetton@meridiancapital.com

Aaron Birns // Associate // One Battery Park Plaza, New York, NY 10004 // 718.534.9203 // abirns@meridiancapital.com