Park Slope Commercial Condominium Units for Investor or User
$3,250,000
575 4th Avenue, Brooklyn, NY 11215
For Sale
Retail
Condo
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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