$8,850,000
Updated 7 years ago
Sold

177 5th Ave

Park Slope, Brooklyn | Degraw Street & Berkeley Place

6 Beds8 Baths8,835 Square FeetIncome Property

$8,850,000
floors / apts4 / 6
Lot Size28'5"x84'25"
Built Size28'5"x62'
ZoneR6A
Building TypeTownhouse
RE Taxes$13,425
Price Per SF
$1,002

Listing Features

  • High Ceilings
  • New Windows
  • Oversized Windows
  • Skylights
  • Baseboard Heat
  • Central AC

Outdoor space and views

  • Backyard [635 SF]
  • Partial City
  • Townhouse Views
  • Treeline Views

Building Amenities

  • Voice Intercom

Property Description for 177 5th Ave

PARK SLOPE CENTER / NORTH AREA

4 Story MIXED-USE - 2 Commercial Retail Spaces + 6 Two Bedroom Units

Total Units: 8
Residential Units: 6
Retail Units: 2

Lot Size: 28.5' X 84.25'
Building Size: 28.5' X 62'

Gross sq ft: 8835 including basement
Total Building sq ft: 7068
Total Lot sq ft: 2401
Building Area sq ft: 7,068

Block: 950 Lot: 3
Year built: 1920
Primary zoning: R6A Commercial Overlay: C1-4

INCOME PER ANNUM
Actual
Residential Rent: $198,000
Retail Rent: $181,452
Annual Income $379,452

Projected
Residential Rent: $230,400
Retail Rent: $216,000
Annual Income $446,400

Expenses
Water / Sewer: $2,727
Property Taxes: $9,900
Annual Expenses: $12,627

Building Details for 177 5th Ave

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1920
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

Union St
0.18 miles
Bergen St
0.35 miles
7 Av
0.38 miles
Atlantic Av-Barclays Ctr
0.45 miles
Grand Army Plaza
0.47 miles

Railroad

Atlantic TerminalLong Island Rail Road
0.49 miles

Citi Bike

Berkeley Pl & 6 Ave
0.08 miles
Sterling Pl & 5 Ave
0.14 miles

Contact Agent

Contact Agent

Licensed As
Omar Saeed Butt
Broker
License#:
10311203439
Company:
Zealestate Group, Inc
Omar Saeed Butt
Zealestate Group, Inc

Park Slope | Brooklyn

Quick Profile

Boasting beautiful tree-lined streets, brownstones and a range of activities for all age groups, Park Slope is consistently ranked as one of New York’s most desirable neighborhoods. Filled with lush parks and greenery, the neighborhood is also known for its rare combination of excellent public schools, award-winning restaurants, nightlife, small independently owned businesses and community gardens.

Situated at the western slope of Prospect Park, the neighborhood is divided into different sections: North Slope, Center Slope and South Slope. Depending on who you ask, of course, the definitions of where these borders end and begin may vary (is the divide between North and Center deemed Union Street, Garfield Place, 1st Street or 3rd Street? The one between Center and South 6th Street, 9th Street, 11th Street or 15th Street?). 

Regardless of what part of the Slope you find yourself on, there’s no shortage of architectural beauty. From row houses to brownstones to mansions, the idyllic setting of the neighborhood is further enhanced by its Romanesque and Renaissance Revival styles. Case in point of this is also two of the area’s most well-known churches, Park Slope United Methodist Church and Saint Augustine Roman Catholic Church. 

Revered for its family-friendly appeal, Park Slope is often regarded as one of the best places to raise a family in New York City. That said, it doesn’t mean that parents don’t know how to have a good time... a slew of bars constantly opening in the neighborhood ranging from the high-end cocktail saloon to the dive (well, by Park Slope standards, anyway). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 58995TH