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$3,406,875
List Price: $3,450,000
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524 5th Street
Apartment in Park Slope •  building info
8bd • 4ba
Buy with Yoreevo

$3,406,875

List Price

$3,450,000

Key Details
Days on market
82
Last price change
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Estimated payment
$19,626/mo
Taxes
N/A
Maintenance
N/A
Description
Prime Park Slope Investment Opportunity - Fully Leased 8-Unit Pre-War Multifamily Located on a picturesque, tree-lined block in the heart of Park Slope, 524 5th Street presents a rare opportunity to acquire a well-maintained, income-generating multifamily asset. This stately 4-story, 8-unit building spans approximately 7,104 square feet and sits on a 25.5" x 83" lot. Built in 1920, the property showcases timeless architectural details and has been thoughtfully preserved by its current owner. Property Highlights: Eight spacious floor-through apartments, 4 stabilized & 4 market rent, each featuring: Two true bedrooms and one full bathroom High ceilings and expansive living rooms Separate eat-in kitchens with modern appliances Original hardwood floors, crown moldings, and stained glass accents Abundant natural light from three exposures and multiple windows Central stairwell providing access to all units Fully leased, offering immediate and stable rental income Full English basement Location & Accessibility: Situated just one block from Prospect Park and 500 feet from the vibrant retail corridor of 7th Avenue, residents enjoy unparalleled access to local amenities, including cafes, boutiques, banks, pharmacies, and the renowned Park Slope Farmers Market. The F and G subway lines at 7th Avenue are a mere four blocks away, ensuring a swift commute to Manhattan and other parts of Brooklyn. Investment Potential: With its prime location, historic charm, and solid rental history, 524 5th Street is an exceptional addition to any investor's portfolio. The property's pre-war character combined with modern updates appeals to discerning tenants, ensuring continued demand and minimal vacancy.

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Important Stuff
Washer/Dryer in unit
Building info

History
What it'll cost
Purchase price
$3,450,000
Asking Price: $3,450,000
Term
30 Years
Down Payment
$345,000 (10%)
Min: 10% (345,000)
Rate
6.5 %
Mortgage Amount
$3,105,000
Mortgage Payment
$19,626
Estimated Yoreevo rebate
$43,125
Estimated closing cost
$59,000
Total monthly cost $19,626
Buy your dream home with us and get an estimated $43,125 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Corcoran Group

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