5014 Fourth Avenue - Sunset Park, New York
Fully gut-renovated and 100% occupied, 5014 Fourth Avenue presents a great investment opportunity with a 5% CAP rate in burgeoning Sunset Park. This large and mixed-use building is three stories plus a fully finished basement. The ground floor retail/office space features new glass frontage, an automated gate and full use of the entire basement. The residential apartments are floor-through 4BR apartments located on the second and third floors of the building, and each have been recently renovated.5014 Fourth Avenue is located 2 blocks from the N/R trains, which offers express service into Manhattan. Located between Bay Ridge and Park Slope, area eatery hotspots include New Victory, La Caretta and Cafe Zona Sur. Close to Industry City, which has capitalized on an emerging innovation economy and further revitalized the area in recent years, the location is unsurpassed. Lot size: 20 x 80. Building size: 20 x 57. Taxes: $4,674. Zoning S2.
This listing courtesy of Douglas Elliman