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Park Slope Commercial Condominium Units for Investor or User

$3,250,000

575 4th Avenue, Brooklyn, NY 11215

Active
Last Updated: 05/28/2025

5.21

Cap Rate

169,241

NOI

Details:
Cap Rate:    5.21%
NOI:    $169,241
:    4,146 sqft
Highlights:
  • 2 commercial condominium units are located on the ground floor of a newly constructed 70-unit luxury residential building
  • Over 105’ of wraparound frontage on the corner of 4th and Prospect Avenues in Park Slope
  • The corner unit A totals 2,370 SF and is occupied by a gourmet deli through January 2035. They have one five-year extension
  • Unit B totals 1,776 SF and is occupied by Studio Pilates through September 2029. They have one 5-year extension
  • Steps from the Prospect Ave D, N, R, W subway station, which provides access to Manhattan in under 25 minutes
  • Directly next to the Prospect Expressway, providing access to Manhattan via the Hugh L. Carey Tunnel or Brooklyn Bridge
  • Proximity to Prospect Park, high-quality schools, dining and shopping options make Park Slope one of NYC’s most desirable residential enclaves. It is in need of more retail to satisfy demand.
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