Two Adjacent Multifamily Buildings Totaling 37 Units in Sunset Park | FOR SALE

Description:

Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 5416-5422 4th Avenue, 2 adjacent 4-story walk-up multifamily buildings totaling 37 rent stabilized units. The property is located on the NW corner of 4th Avenue and 55th Street in the rapidly growing neighborhood of Sunset Park. The buildings total 28,000 gross square feet and consist of eleven (11) 1-bedrooms, twenty-two (22) 2-bedrooms and four (4) 3-bedrooms.

5416-5422 4th Avenue is situated just one avenue from the bustling 5th Avenue retail corridor and is within walking distance of several schools and attractions. Tenants also benefit from the buildings proximity to public transportation. The 53rd Street R train station is just 1 block away, and provides access into Manhattan in less than 30 minutes. The 4th Avenue/55th Street B11 bus stop is directly in front of the building. Additionally, the building’s elevated location provides several units with terrific views of the Manhattan skyline and Verrazano Bridge.

For more information, please contact our office.

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