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Type:
Mixed Use
Sq Ft:
6,760
Units:
Property Description
Investment Property Realty Group (IPRG) is pleased to present an exclusive opportunity to acquire 341 5th Avenue, a prime mixed use asset located between 4th Street and 5th Street in the heart of Park Slope, Brooklyn.
This well-maintained property features 6 residential units (with 3 free-market apartments and 3 rent-stabilized) and 2 retail storefronts, offering approximately 6,670 square feet of total space. Recently enhanced with capital improvements—including extensive exterior waterproofing, parapet repairs and Thorocoat application, a new APP rubber roof membrane, fire escape refurbishment, new appliances in select units, modern hot water tanks, and furnace repairs—the building is in excellent condition and positioned for future upside with in place stable cash flow.
Its strategic location provides excellent access to public transportation, including proximity to the F, G, and R subway lines, enhancing its appeal as a reliable investment in one of Brooklyn’s most desirable and dynamic neighborhoods. This is an exceptional opportunity for investors seeking long-term value in a well-established market.
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Block & Lot:
00985-0007
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Neighborhood:
Park Slope
Morrisania
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Cross Streets:
4th & 5th Street
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Building Dimensions:
26 ft x 65 ft
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Lot Dimensions:
26 ft x 85.83 ft
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Units:
8
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Total Approx. SF:
6,760
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Zoning:
R6A, C1-4
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FAR:
3.0
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Tax Class:
2B
