For Sale
$2,550,000

5318 16Th Ave Brooklyn, NY 11204

3-Unit Building, $2.55M, 5,221 SF

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional mixed-use property, located at 5318 16th Avenue in the vibrant Borough Park neighborhood of Brooklyn, New York, presents a compelling investment opportunity. The building, constructed in 1931, boasts a total area of 5,221 square feet and comprises three units, offering a blend of residential and potential commercial space. Priced at $2,550,000, this translates to a price per square foot of $488.41, reflecting strong value in the current market. Situated in Kings County, with the precise address of 5318 16th Avenue, Brooklyn, NY 11204 (40.6285351, -73.9883232), the property benefits from its location within a thriving community. The building's age suggests potential for renovation and value enhancement, while the existing three units provide immediate rental income. This presents a unique chance to acquire a well-positioned mixed-use asset in a desirable Brooklyn neighborhood, offering both current income generation and future development potential. The property's size and layout offer flexibility for a variety of uses, making it an attractive proposition for both seasoned investors and those seeking to enter the New York City real estate market. Further due diligence is recommended to fully assess the property's potential.

Highlights

  • Exceptional mixed-use investment opportunity in Brooklyn's Borough Park.
  • 5,221 square foot building with three units, offering residential and commercial potential.
  • Priced at $2,550,000 ($488.41/SF).
  • Located at 5318 16th Avenue, Brooklyn, NY 11204.
  • Built in 1931, offering renovation potential and immediate rental income.

Property Details for 5318 16Th Ave

Property type
Mixed-use properties
Square Feet
5,221 SF
Year Built
1931
Units
3

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.6285351
Longitude
-73.9883232

FAQs

What type of property is this?
Mixed-use property - 3-Unit Building, $2.55M, 5,221 SF
Where is the mixed-use property located?
The property is located at 5318 16Th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Exceptional mixed-use investment opportunity in Brooklyn's Borough Park.; 5,221 square foot building with three units, offering residential and commercial potential.; Priced at $2,550,000 ($488.41/SF).
How can I contact the broker?
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5318 16Th Ave
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