Gut Renovated Mixed-Use Property at 585 5th Avenue
FOR SALE
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$2,300,000
585 5th Avenue, Brooklyn, NY 11215
6.38%
CAP
Property Description
NOI
$146,661
Cap Rate
6.38%
- 8% CAP proforma
- Gut Renovated Apartments with Separate Heat and Outdoor Space
- South Park Slope Location
Property Details
Asset Type
Mixed-use
Neighborhood
South Slope
Submarket
Brooklyn
ZIP
11215
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$232,678
Debt Service Coverage Ratio (DSCR)
1.78x
Cap Rate
10.12%
Cash Flow (Annual)
$101,840
Cash-on-Cash Return
17.71%
Monthly Debt Service
$10,903
Annual Debt Service
$130,838
View on Map
Address
585 5th Avenue
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
