The Brennan Team successfully completed the sale of 5902 5th Avenue in the Sunset Park neighborhood of Brooklyn, New York. The subject property, located on the corner of 5th Avenue and 59th Street, is a four story mixed-use property with six apartments and three retail components. The property is built 20 feet by 90 feet with an additional ground floor extension currently occupied by a barber shop. The lot measures 20 feet by 100 feet, and the gross building size is approximately 7,320 square feet. The subject property was built in 1931 and is zoned C2-4/R6A. (Block: 863, Lot: 38).

This building presents investors the opportunity to capitalize on the rapid growth occurring in Sunset Park at this time. There is substantial upside in the current apartment and retail rents, and the building is located in a highly active retail corridor with major daily foot traffic. A conversion from oil to gas heat is recommended.

• Active Retail Corridor in Sunset Park
• Corner Mixed-Use Property
• Six Apartments & Three Retail Units
• Brick Construction
• Offered at Roughly $211 Per Square Foot
• Upside in Current Retail and Apartment Rents
• Gas Conversion Recommended