397 5th Avenue

For Sale$5,750,000

397 5th Avenue, Brooklyn, New York, 11215, Brooklyn, NY 11215

  • Other

397 5th Avenue, Brooklyn, NY 11215 - Other Space

397 5th Avenue is located at 397 5th Avenue, Brooklyn, New York, 11215 in the Park Slope neighborhood, NY, Brooklyn, 11215. The Class S4 Other building was completed in 1899 and features a total of 3,550 Sqft.

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Details

  • Price $5,750,000
  • City Brooklyn
  • Neighborhood Park Slope
  • Zip Code 11215
  • Market Brooklyn
  • Property Type Other
  • Property Size 3,550 Sqft
  • Lot Size 0.03 Acre
  • Building Class S4
  • Year Built 1899
  • Date Updated 21 Jan, 2021

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Description

- 100% free market, 3-story brick mixed-use building
- Recently gut-renovated, fully leased property, generating $300,000 of in-place Net Operating Income
- Ground floor commercial space leased through November 2025
- Each of four (4) apartments feature 2 bedrooms and 2 bathrooms
- Extremely high foot and vehicular traffic
- Located on one of Brooklyn’s strongest retail corridors
- Immediate access to the F, G, R subway lines on 4th Avenue & 9th Street
- Very low RE Taxes

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 397 5th Avenue?

397 5th Avenue totals 3,550 square feet.

When was this property built?

397 5th Avenue was built in 1899.

Park Slope Demographics

The average household income in zip code 11215 is $171,776, from a total of 28,635 households. In terms of employment, there are 94.86 % white-collar and 5.14 % blue-collar jobs in zip code 11215.

Population

  • Total Population38,859
  • Male Population(47.6 %) 18,495
  • Female Population(52.4 %) 20,364
  • Median Age36.00

Income/Financial

  • Average Household Income$167,058
  • Median Household Income$115,472
  • Median Income Under 25$72,508
  • Median Income 25-44$137,246
  • Median Income 45-64$107,426
  • Median Income Over 65$60,581

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