390 5th Avenue

For Sale Mixed-Use Free Market Walkup

390 5th Avenue, Park Slope, NY
Asking Price $5,995,000
Type Mixed-Use
Neighborhood Park Slope
Properties 1
Lot Size 22' x 86.67'
Zoning Code R6A w/ C1-4 Overlay
Size Lot Size: 2,330 SF | Building Gross: 5,979 SF
Stories 5
Units 7 | 1 Commercial | 6 Residential
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present the exclusive offering of 390 5th Avenue, a mixed-use, Free Market walkup apartment building located between 6th and 7th Streets in prime Park Slope, Brooklyn. The 6,000 SF property boasts 22 feet of frontage and contains 6 apartments above a ground floor retail space. All 6 residential units are Free Market. The property benefits from the protected Tax Class 2B classification, which limits increases to Assessed Value to 8% annually or 30% over 5 years. The property underwent an entire gut renovation and 2-floor addition. All tenants pay their own electric and utilities. Surrounded by a variety dining and shopping options, tenants of the property will find some of Park Slope’s finest destinations just steps from their door. The 9th Street D, N, R, F, G and W subway trains, providing easy access to and from Manhattan, are located just a short walk from the property

Location:

Located between 6th and 7th Streets on 5th Avenue in prime Park Slope, Brooklyn

Property Listing Contact:

Richard Velotta // Managing Director // 800 3rd Ave., New York, NY // 212.468.5924 // RichardV@meridiancapital.com