524 5th St

New York, NY 11215
  • $3,450,000

    Price
  • 16

    Bed
  • 8

    Bath
  • 2,117

    SqFt

About the Listing 334 - 56107

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.

Listing Highlights for 524 5th St

Status Active
Days on Site 61
Property Type Residential
MLS ® RLS20023189
Year Built 1920
Total Square Footage 2,117
Lot/Acreage 100.00x26.00
County Kings
Neighborhood Park Slope

Interior Details

  • Bedrooms: 16
  • Bathrooms: 8 Full
  • Appliances:
  • Air Cond:
  • Heating:
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other: Smoke Free,Building Yes,No,Pets Allowed
  • Water:

Exterior Details

  • Garage Capacity: N/A
  • Lot Dimensions: 100.00x26.00
  • Zoning: R6B
  • Roof:
  • Others: Private Outdoor Space Under 60 Sqft
  • Sewer:

Financial Details

  • Tax Amount: $25,680
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

Payment Calculator

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524 5th St New York, NY 11215

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Originating MLS: RLS

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