Address
5411 4th Avenue, Brooklyn, NY
Price
$ 1,250,000
Property Attributes
- MLS#488822
- TypeMulti-Family
- Listing Status Active
- CountyKINGS
- CityBrooklyn
- AreaBrooklyn
- NeighborhoodSunset Park
- Zip11220
- StyleMulti-Family
- Taxes$ 14863
- Price$ 1,250,000
- Bedrooms18
- Full Bathrooms6
- Half Bathrooms0
- Lot Size0.045914 Acres
Data Source:
Brooklyn MLS (BNYMLS)
Property Description
Presenting an exceptional investment opportunity, a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling investment opportunity, boasting a current capitalization rate of 5.7%, with projections indicating potential growth to 6.5% or higher. Constructed in 1931, this multi-family home encompasses approximately 4,551 square feet of living space on a 2,000 square foot lot. Its prime location places it amidst a plethora of retail stores, diverse shops, and a variety of restaurants along 4th, 5th, and 8th Avenues, providing residents with unparalleled convenience. The property is strategically situated just minutes from multiple [R & N] subway stations and bus stops, facilitating an effortless commute to Manhattan and other key areas. Additionally, the zoning districts R7A and C2-4, with a Floor Area Ratio (FAR) of 4, offer significant commercial conversion possibilities, presenting avenues for value addition and diversification. Sunset Park is renowned for its rich cultural tapestry and dynamic community atmosphere. The neighborhood's namesake park provides ample green space and recreational facilities, contributing to a lively atmosphere and strong sense of community. This property not only promises stable income through its current rent-stabilized units but also offers substantial upside potential through strategic enhancements and leveraging its prime location. Seize this rare opportunity to invest in a property that combines immediate financial benefits with promising future prospects in one of Brooklyn's most sought-after neighborhoods.
| Price History | |
|---|---|
| 1/25/2025 | Listed $1,480,000 |
| 7/17/2025 | 7$1,388,000 |
| 11/22/2025 | 7$1,299,999 |
| 9/9/2026 | 4$1,250,000 |
General Features
| Net Operating Income | 83325.00 |
|---|---|
| Roof | Other |
| Zoning | R7A,C2-4 |
| Electric | Other |
| Property Type | Residential |
| Block | 823 |
| Cap Rate | 0.07 |
| Lot Number | 5 |
| Yearly Taxes | 14863.00 |
| Transaction Type | Sale |
| Insurance Expense | 8200.00 |
| Utility Expense | 900.00 |
| Gross Expense | 34563.00 |
| Financing | 1031 Exchange,Bank Mortgage,Cash |
| Building Type | Detached |
| Gross Income | 117888 |
| Status | Active |
| Fuel Expense | 5500.00 |
| Construction Materials | Other |
| Cumulative Days on Market | 599 |
| MLS Area | Sunset Park |
| Sub Type | Multi-Family |
| City | Brooklyn |
| Borough | Brooklyn |
| Residential Features | Other |
| DOM | 599 |
| Sale Type | Arm's Length |
| # Families | 6 |
| Public Remarks | Presenting an exceptional investment opportunity,a distinguished six-family residence nestled in the vibrant Sunset Park neighborhood of Brooklyn. This rent-stabilized property offers a compelling in |
Interior Features
| Heating Fuel | Other |
|---|---|
| Flooring | Other |
| Hot Water | Other |
| Full Baths | 6 |
| Building Amenities | Storage rooms |
| AC Units | 5+ |
| Basement Amenities | Finished,Full |
| Baths Total Level 1 | 2.00 |
| Baths Total Level 2 | 2.00 |
| Baths Total Level 3 | 2.00 |
| Beds Total Level 1 | 6 |
| Beds Total Level 2 | 6 |
| Beds Total Level 3 | 6 |
| Beds Total | 18 |
Exterior Features
| Exterior | Other |
|---|---|
| Yard | Back,Front |
| Foundation | Other |
| Lot Sq Ft | 2000 |
| Building Length | 65.00 |
| Building Width | 25.00 |
| Property Panorama YN | Yes |
| Lot Size Length | 80 |
| Lot Size Width | 25 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 11220
Price
Taxes
Visits
In The Neighborhood
Just Listed
Brooklyn
$ 1,399,000
- Type
- Multi-Family
- Size
- 5,100 SqFt
- Rooms
- 17 Beds + 6 Baths
Listed by: Tiger Realty
Brooklyn
$ 1,659,000
- Type
- Multi-Family
- Size
- 2,820 SqFt
- Rooms
- 8 Beds + 4 Baths
Listed by: Tiger Realty
Brooklyn
$ 2,099,000
- Type
- Multi-Family
- Rooms
- 0 Beds + 3.5 Baths
Listed by: Real Estate Top Sales LLC
Brooklyn
$ 2,899,000
- Type
- Multi-Family
- Size
- 2,840 SqFt
- Rooms
- 8 Beds + 5 Baths
Listed by: RE/MAX Real Estate Professiona
Brooklyn
$ 2,495,000
- Type
- Multi-Family
- Size
- 7,140 SqFt
- Rooms
- 0 Beds + 11 Baths
Listed by: Momentum Real Estate LLC
Brooklyn
$ 2,495,000
- Type
- Multi-Family
- Size
- 7,140 SqFt
- Rooms
- 0 Beds + 9 Baths
Listed by: Momentum Real Estate LLC
Brooklyn
$ 1,595,000
- Type
- Multi-Family
- Size
- 4,400 SqFt
- Rooms
- 14 Beds + 7 Baths
Listed by: RE/MAX Real Estate Professiona
Brooklyn
$ 2,350,000
- Type
- Multi-Family
- Size
- 1,922 SqFt
- Rooms
- 6 Beds + 2 Baths
Listed by: Tiger Realty
Brooklyn
$ 1,300,000
- Type
- Multi-Family
- Size
- 4,250 SqFt
- Rooms
- 0 Beds + 6 Baths
Listed by: Tiger Realty
Brooklyn
$ 1,325,000
- Type
- Multi-Family
- Size
- 2,352 SqFt
- Rooms
- 5 Beds + 4 Baths
Listed by: Tiger Realty
Brooklyn
$ 1,950,000
- Type
- Multi-Family
- Size
- 2,892 SqFt
- Rooms
- 0 Beds + 3 Baths
Listed by: Tiger Realty
Brooklyn
$ 2,499,900
- Type
- Multi-Family
- Size
- 12,460 SqFt
- Rooms
- 36 Beds + 16 Baths
Listed by: E House Realty & Mgt. Inc.
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