Ad #7366163
MLS #11902327
**Prime Park Slope Investment Opportunity: 397 5th Avenue
397 5th Ave, Brooklyn, NY 11215
$4,650,000
8Beds
5Baths
--Sqft
--Acres
About this property
**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods. Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
Property Features
8 Beds
5 Baths
0 Sqft
0 Acres
Kings County
Park Slope Community
Additional Photos
Contact Information
Louis Esposito
Compass
Location
Listing Agent: Louis Esposito
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 28, 2026
Photo Gallery
$4,650,000
8
Beds
5
Baths
--
Sqft
397 5th Ave, Brooklyn, NY 11215
By contacting this agent you agree to these Terms and Conditions.
MLS# 11902327
**Prime Park Slope Investment Opportunity: 397 5th Avenue
$4,650,000
397 5th Ave, Brooklyn, NY 11215
8
Beds
5
Baths
--
Sqft
--
Acres
$4,650,000
397 5th Ave, Brooklyn, NY 11215
8 Beds
5 Baths
-- Sqft
-- Acres
**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn** Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods. Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom rental units, each with desirable front and back layouts. The retail space is leased to the popular Flatiron Steakhouse - Park Slope, ensuring a steady stream of rental income. Based on actual and projected rent rolls, this property easily yields a 5.2% cap rate, reflecting a strong return on investment, already demonstrating a robust and reliable rent roll. This makes it an attractive option for investors seeking both stability and growth. In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
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Property Details
HOME DETAILS
8 Beds
5 Baths
0 Sqft
0 Acres
FINANCIAL & COMMUNITY
Kings County
Park Slope Community
Location
Mortgage Calculator
Ad Statistics
Ad Number
7366163
Viewed
9 times
Listing Status
Active
Added
Jul 25, 2026
Last Refresh
Jul 28, 2026 08:05:58 AM
Listing Information
Data Source
My State MLS
Source Property ID
11902327
Listing Agent: Louis Esposito
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Compass 646-982-0353 Listing Site
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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