Mixed-Use Property at 475 6th Avenue Brooklyn for Sale
FOR SALE
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$4,350,000
475 6th Avenue, Brooklyn, NY 11215
3,875 SF
Square Feet
$1,123
PPSF
2
Units
2.0M
PPU
5.68%
CAP
Property Description
Units
2 — PPU: 2.0M
NOI
$247,130
Cap Rate
5.68%
- Fully free-market mixed-use asset on a premier Park Slope corridor
- Recently gut-renovated residential units with high-end finishes and in-unit laundry
- Strong in-place income with ~5.7% current cap and stable cash flow
- Durable corner retail tenancy on one of Park Slope’s most trafficked streets
- Excellent transit access steps from the F and G lines near Prospect Park
Property Details
Asset Type
Mixed-use
Zoning
R6B
Lot Size
1,302 SF
Neighborhood
South Slope
Submarket
Brooklyn
ZIP
11215
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$392,072
Debt Service Coverage Ratio (DSCR)
1.58x
Cap Rate
9.01%
Cash Flow (Annual)
$144,617
Cash-on-Cash Return
13.30%
Monthly Debt Service
$20,621
Annual Debt Service
$247,455
View on Map
Address
475 6th Avenue
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
