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5401 4th Avenue - Availability Details

5401 4th Avenue, Brooklyn, NY 11220

  • For Sale 2300000
  • City Brooklyn
  • Neighborhood Sunset Park
  • Zip Code 11220
  • Property Type Mixed Use
  • Property Size 5,200 Sqft
  • Date Updated 13 Dec, 2019

5401 4th Avenue is a corner, mixed use property available for sale. The building presents a value add opportunity for investors. 


Smart Value Add Opportunity - Trailing 12 months cap rate of 4.88% all residential tenants paying rent at 15-30% discount to market.

Multi-family use.


Free-Market / No Leases

No need to worry about Rent Regulated apartments or the new regulations. All the apartments are Free Market. Tenants pay month-month so renovations can be started very soon.


Location, Location, Location - Property is 100 feet away, or a half a city block, from the 53rd Street Subway Station. Combined with the fact that this is a corner property, it makes a compelling case for a local or a national retailer to succeed here.


Redevelopment Opportunity - There are approximately 4,000 SF of Air Rights available as of-right. The L Shaped lot afford one the ability to buy up to 10,000 Air Rights from the neighbors. Without adding elevators, one could as-of-right build two duplexed units


Growing Investment on 4th Avenue

4th Avenue allows for a 33% premium on Floor-to-Area Ratio compared to 5th avenue. And Developers have begun to notice. 

Most notably: Chase Bank on 51st, Blink Gym on 52nd Street, and NYC HPD on 51st street developing a 50 unit, 8 story building.

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Romain Sinclair


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Romain Sinclair


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