32 5th Avenue — Sale in Brooklyn, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Brooklyn, NY 11217

Investment Figures

Cap rate
5.56%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 32 5th Avenue, a free-market mixed-use property ideally located in the heart of Park Slope, one of Brooklyn’s most desirable and affluent neighborhoods. The building offers 6,063 square feet across multiple levels and sits on a 2,933 square foot lot (40' x 73.33'). With 100% free-market status, zero DOB/HPD violations, and C/O issued in December 2023, the asset presents a turnkey opportunity for investors. Investment Highlights: • 32 5th Avenue, built in1920, spans 3 stories and is comprised of 7 mixed-use units approx. 6,063 SF. • Lot 40' x 73.33' | Available Air Rights: 2,737 SF | Tax Class: 2A | 113' wraparound frontage along 5th Avenue • Convenient access to multiple nearby subway lines (2,3,4,5, B, D, N, Q, R) and major thoroughfares.

Market Context

This mixed use in Brooklyn, NY is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing mixed use assets. It has been on the market for 101 days. Compare it against other mixed use listings for sale in Brooklyn, NY — view the full market.

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