Bank of America Anchored Mixed-Use

Highlights:

• Institutional 4-Story Mixed-Use Asset On Sunset Park’s Prime 5th Avenue Corridor | New 15-Year Lease From Bank Of America On Ground Level | 14 Free Market Apartments | Additional Income From T-Mobile Cell Tower With Annual Increases
• Irreplaceable 5th Avenue Frontage In The Heart Of Sunset Park | Dense, Transit-Rich Neighborhood With Superb Foot Traffic | Nearest Transit: R & N Trains At 53rd St And The B63 & B11 Bus Lines | Exceptional Connectivity
• Recently Repositioned | Turnkey, Low-Maintenance Building With Modern Systems, New Construction Efficiencies, And Minimal Landlord Responsibilities/Near-Term Capital Expenditure
• Investment-Grade Credit Anchor (Bank Of America) | S&P Credit Rating "A-" | Secure And Balanced Income Profile With Built- In Risk Mitigation | Credit-Backed Cash Flow
• Long-Term Value Preservation In A Proven Brooklyn Submarket - Sunset Park Continues To Demonstrate Strong Capital Durability Across Cycles, Supported By Entrenched Demographics, Local Retail Demand, And Consistent Investor Interest In Well-Located Mixed-Use Assets
• Neighboring Retailers Include: Burger King, Rite Aid, McDonald's, Popeye's, Planet Fitness, Pollo Campero, Five Below, Chase Bank, GameStop, Baskin-Robbins, Dunkin', Hawaiian Fried Wings, Carvel, And More

Description:

5102 5th Avenue brings luxury living to Sunset Park. Premium, sunlit residences were designed with modern finishes and highlight a clean aesthetic. Units feature washer/dryer in the unit, luxury wide plank flooring, video intercom system, and individual heating and cooling system. Smartly laid out kitchens with custom cabinetry. Baths are equipped with custom vanities and deep soaking bathtubs or walk-in showers.

While a landscaped roof deck features an area for lounging, relaxing, and entertaining. Bike Storage is on the lower level.

Sunset Park is a lively neighborhood celebrated for its diverse culture, dining options, and distinctive blend of old and new architecture. Residents have easy access to an array of local eateries, shops, and entertainment, making it a desirable place to live. The area is also well-connected, with nearby D, N, and R subway lines offering quick commutes to Manhattan and other parts of Brooklyn.




Brooklyn is the most populous of the five boroughs of New York City, coextensive with Kings County, in the state of New York. Located at the westernmost end of Long Island and formerly an independent city, Brooklyn shares a land border with the borough and county of Queens. It has several bridge and tunnel connections to the borough of Manhattan, across the East River, including the architecturally significant Brooklyn Bridge, and is connected to Staten Island by the Verrazzano–Narrows Bridge.

The borough, as Kings County, at 37,339.9 inhabitants per square mile, is the second most densely populated county in the U.S. after Manhattan (New York County), and the most populous county in the state, as of 2022. In the 2020 United States census, the borough had a population of 2,736,074. Had Brooklyn remained an independent city on Long Island, it would now be the fourth most populous American city after the rest of New York City, Los Angeles, and Chicago. With a land area of 69.38 square miles and a water area of 27.48 square miles, Kings County, one of the twelve original counties established under British rule in 1683 in the then-province of New York, is the state of New York's fourth-smallest county by land area and third smallest by total area.

Educational institutions in Brooklyn include the City University of New York's Brooklyn College, Medgar Evers College, and College of Technology, as well as Pratt Institute, Long Island University, and the New York University Tandon School of Engineering. In sports, basketball's Brooklyn Nets, and New York Liberty play at the Barclays Center. In the first decades of the 21st century, Brooklyn has experienced a renaissance as a destination for hipsters, with associated gentrification, dramatic house-price increases, and a decrease in housing affordability. Some new developments are now required to include affordable housing units. Since the 2010s, parts of Brooklyn have evolved into a hub for entrepreneurship, high-technology startup firms, postmodern art, and design.

The rezoning of Downtown Brooklyn has generated over US$10 billion of private investment and $300 million in public improvements since 2004. Brooklyn is also attracting numerous high technology start-up companies, as Silicon Alley, the metonym for New York City's entrepreneurship ecosystem, has expanded from Lower Manhattan into Brooklyn.

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