8 beds3,828 sqft$1,215/sqft
397 5th Avenue, Park Slope
Est: $21,279/moGet pre-approved

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
...**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.
LISTING UPDATED: 08/07/2026 11:14 AM

Property Details for 397 5th Avenue

Status
Days on Market
19
Taxes
$598 / month
Maintenance
-
Min. Down Pymt
30%
Total Rooms
16.0
Property Type
MLS Type
-
Year Built
1899
Lot Size
1,429 SF
Buyer's Agent Compensation
1%

Amenities

  • Exposed Brick
  • Built-Ins
  • Wet Bar
  • Sound System
  • Private Entrance
  • Hardwood Floors
  • High Ceilings
  • Casement Windows

Location

Listing Courtesy of: .

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Building Information for 397 5th Avenue

Stories3Residences4Year Built1899Building Size20' x 55'Building Sq. Ft3,300 SFLot Size1,429 SFBuilding Age-Building Type-

Payment Calculator

$21,279 per month

30 year fixed, 6.55% Interest

Principal and Interest

$20,681

Property Taxes

$598

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

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Property History for 397 5th Avenue

DateEvent & SourcePriceAppreciationLink
Jul 24, 2026

Listed (Active)

Manual

$4,650,000
Jul 31, 2025

Temporarily Off Market

Manual

Jun 23, 2025

Listed (Active)

Manual

$5,375,000
DateEvent & SourcePrice
07/24/2026

Listed (Active)

Manual

$4,650,000
07/31/2025

Temporarily Off Market

Manual

06/23/2025

Listed (Active)

Manual

$5,375,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 397 5th Avenue

Taxable ValueLand$154,800Additions$313,200Total$468,000
Home Facts
Total Finished SqFt3,509 SqFtLot Size1,429 SqFtYear Built1899ZoningR6AAPN3009940003

Schools near 397 5th Avenue

This home is within New York City Geographic District #15.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
P.S. 39 Henry Bristow
PublicK to 5

Ms 51 William Alexander
Public6 to 8

John Jay School for Law
Public9 to 12

Maurice Sendak Community School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Park Slope
Park Slope
Scenic sidewalks and fun for all ages. Park Slope is a name-brand Brooklyn neighborhood known for its organic food markets and picturesque, pedestrian-friendly sidewalks. Prospect Park, charming cafes, and plenty of public amenities contribute to the neighborhood's small-town vibe.

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Similar Homes

397 5th Avenue is a multi-family home for sale in Park Slope. This property was listed for sale on July 24, 2026 by Compass, it's currently listed at $4,650,000. It has been on the market for a total of 19 days and was last sold on December 1, 2015. This listing's school district is New York City Geographic District #15. Nearby schools include P.S. 39 Henry Bristow, Ms 51 William Alexander and John Jay School for Law. 397 5th Avenue is a 8-bed, 6-bath, 3,828 sqft multi-family home built in 1899.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2026 The Real Estate Board of New York, Inc., All rights reserved.