The Brennan Team successfully completed the sale of 5605 4th Avenue, a 16 unit apartment building on 4th Avenue between 56th and 57th Streets in the Sunset Park neighborhood of Brooklyn, New York. The subject property, built 36 feet by 73 feet, consists of 16 one bedroom apartments and offers 8,752 gross square feet. The lot extends 100 feet deep and the current zoning is C2-4/R7A, allowing an FAR of 4. (Block: 839, Lot: 8).

The subject property offers investors the rare opportunity to purchase a 16 unit apartment building with upside, in a rapidly improving Brooklyn submarket.

• Tremendous Upside in the Current Rent Roll
• Ideal 4th Avenue Location Near the "R" Train
• Rare 16 Unit Investment Opportunity
• 36 Feet of Frontage on 4th Avenue
• Low Price Per Unit, Roughly Ten Times Current Rent Roll
• Current Zoning Allows an FAR of 4 With Commercial Overlay