$1,100,000 $1,350,000
Updated 25 days ago
Sunset Park, Brooklyn | 54th Street & 55th Street
2,000 Square FeetCommercial

$1,100,000 $1,350,000
floors1
Lot Size20'x100'
Built Size20'x100'
ZoneR6A
Building TypeLow-Rise
RE Taxes$17,884
Price Per SF
$550

Property Description

INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 5421 Second Avenue, a unique investment opportunity that may appeal to a variety of purchasers, such as: owner-occupiers, retailers, non-profits and developers. The property is located directly across the street from NYU Langone Hospital and the Calvary Hospital - Brooklyn Campus. Currently, the property is a 2,000 SF, single story retail building that is vacant and offers a total buildable of 6,000 BSF. The previous tenant was a medical group (Lutheran Family Health Centers) that used the space for their offices. The existing layout has eight (8) offices and three (3) bathrooms. NYU Langone Hospital is currently undergoing a $500 million expansion which is expected to be completed by 2022. The expansion will include the new construction of a 16-bed observation unit adjacent to the emergency department and the Perlmutter Cancer Center at 5718 Second Avenue. At the approval of the expansion project, Dr. Andrew Brotman, NYU Lutheran's Chief Clinical Officer stated "We want to make NYU Lutheran the best hospital in Brooklyn." The subject property is located just two blocks away from the N & R subway line on 53rd Street and Fourth Avenue as well as a 7 minute walk to the ferry stop at the Sunset Park/Brooklyn Army Terminal Station that offers quick commutes to other areas of Brooklyn, Manhattan, Queens and The Bronx.

Listing History

Now
12/26/2019
$1,100,000 [-$250,000] [18.5%]
Price Drop by Josh Lipton
Invictus Property Advisors
10/24/2019
$1,350,000
Initial Price by Josh Lipton
Invictus Property Advisors

Building Details

OwnershipCommercial
Building TypeLow-Rise
AgePre-War
AccessWalk-up
Year Built1931
Floors1
Learn More About the Building

Transit and Citi Bike

Subway

53 St
0.3 miles
59 St
0.36 miles

Citi Bike

53 St & 2 Ave
0.08 miles
58 St & 2 Ave - Brooklyn Army Terminal Vaccination Site
0.16 miles
57 St & 1 Ave - Brooklyn Army Terminal Vaccination Site
0.18 miles

Ferry

Sunset Park/BAT
0.36 miles

Contact Agents

Contact Agents

Josh Lipton
Invictus Property Advisors
Andrew Levine
Invictus Property Advisors
View this property on the company's website
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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: 77582TH