4405 5th Ave
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4405 5th Ave
7 Unit Apartment Building $3,373,954 CAD ($481,993 CAD/Unit) 5.08% Cap Rate Brooklyn, NY 11220
Executive Summary
Great investment opportunity! Prime location in Sunset Park near the B63 bus line, D, R, N, and W 45th St subway station, and all the stores and restaurants that 5th and 8th Ave have to offer. Sturdy brick building that has seven 2-bedroom family apartments as well as a store and a full basement. Store is leased until 2020. All apartments currently rented. Annual rent roll is approximately $119000. Commercial tenant pays 35% of property tax and heat expenses. Solid returns at 5% cap rate.
Property Facts
Price | $3,373,954 CAD | Apartment Style | Mid Rise |
Price Per Unit | $481,993 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.05 AC |
Cap Rate | 5.08% | Building Size | 5,132 SF |
No. Units | 7 | No. Stories | 4 |
Property Type | Multifamily | Year Built | 1926 |
Property Subtype | Apartment |
Price | $3,373,954 CAD |
Price Per Unit | $481,993 CAD |
Sale Type | Investment |
Cap Rate | 5.08% |
No. Units | 7 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Mid Rise |
Building Class | C |
Lot Size | 0.05 AC |
Building Size | 5,132 SF |
No. Stories | 4 |
Year Built | 1926 |
Unit Amenities
- Hardwood Floors
- Basement
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Walk Score ®
Walker's Paradise (95)
Transit Score ®
Rider's Paradise (96)
PROPERTY TAXES
Parcel Number | 00739-0007 | Improvements Assessment | $424,980 CAD |
Land Assessment | $10,716 CAD | Total Assessment | $435,695 CAD |
PROPERTY TAXES
Parcel Number
00739-0007
Land Assessment
$10,716 CAD
Improvements Assessment
$424,980 CAD
Total Assessment
$435,695 CAD
zoning
Zoning Code | R6A |
R6A |
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4405 5th Ave
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