Realtyna\MlsOnTheFly\Components\CloudPost\SubComponents\RFClient\SDK\RF\Entities\RFProperty Object
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[post_author] => 1
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[ListingId] => RLS20078243
[PropertyType] => Residential
[PropertySubType] => Multi Family
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[RFModificationTimestamp] => 2026-10-15T08:48:30Z
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[BathroomsHalf] => 2
[BedroomsTotal] => 8
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[LivingArea] => 3828
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[PostalCode] => 11215
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[YearBuilt] => 1899
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[PublicRemarks] => **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 apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years,
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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[AssociationFeeFrequency] => Monthly
[Basement] => Full
[BasementYN] => 1
[BathroomsFull] => 4
[BuildingAreaUnits] => Square Feet
[CLIP] => 4322454548
[CityRegion] => Brooklyn
[CoListAgentAOR] => Real Estate Board of New York
[CoListAgentDirectPhone] => (718) 710-1844
[CoListAgentEmail] => rdegliuomini@compass.com
[CoListAgentFirstName] => Roseanne
[CoListAgentFullName] => Roseanne Degliuomini
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[CoListAgentLastName] => Degliuomini
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[CommonInterest] => None
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[Cooling] => Central Air,Wall Unit(s)
[CoolingYN] => 1
[CountyOrParish] => Kings
[CreationDate] => 2026-07-24T16:19:10.035473+00:00
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[DocumentsCount] => 4
[EntryLevel] => 1
[ExteriorFeatures] => Private Entrance,Private Outdoor Space Under 60 Sqft
[Flooring] => Hardwood
[Furnished] => Unfurnished
[Heating] => Central,Forced Air,Natural Gas,Wall Furnace
[HeatingYN] => 1
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[InteriorFeatures] => Wet Bar,Built-in Features,Chandelier,High Ceilings,Recessed Lighting,Sound System,Bar
[RFTransactionType] => For Sale
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[InternetConsumerCommentYN] => 1
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[LaundryFeatures] => See Remarks
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[NumberOfUnitsTotal] => 4
[OnMarketDate] => 2026-07-24
[OnMarketTimestamp] => 2026-03-19T00:00:00Z
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[PostalCity] => Brooklyn
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[StateOrProvince] => NY
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[StoriesTotal] => 3
[StreetName] => 5th
[StreetNumber] => 397
[StreetNumberNumeric] => 397
[StreetSuffix] => Avenue
[StructureType] => Multi Family,Mixed Use
[SubdivisionName] => Park Slope
[TaxAnnualAmount] => 7176.0
[TaxBlock] => 00994
[TaxLot] => 0003
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Description
**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 apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years, 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.
Address
Open on Google Maps-
Address: 397 5th Avenue
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City: New York City
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State/county: NY
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Zip/Postal Code: 11215
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Area: Park Slope
Details
Updated on October 15, 2026 at 8:45 am-
Property ID RLS20078243
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Price $4,650,000
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Property Size 3828 Sqft
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Bedrooms 8
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Rooms 16
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Bathrooms 5
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Garage Size x x
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Year Built 1899
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Type Multi Family, Residential
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Property Status Active, For Sale
Additional details
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Cooling Central Air, Wall Unit(s)
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Heating Central, Forced Air, Natural Gas, Wall Furnace
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Flooring Hardwood
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County Kings
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Property Type Residential
Mortgage Calculator
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Down Payment
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