622 5th Avenue

Greenwood Heights

$1,749,000
Price
5
Beds
3
Baths
2,772 Sq. Ft.
$631 / Sq. Ft.
2,772
Sq. Ft.
$631
per Sq. Ft.

Description

Discover an enticing opportunity in the vibrant heart of Park Slope, Brooklyn with this mixed-use building. This versatile property boasts two residential units and a ground-floor dry cleaning business, currently owner-operated, offering potential possession. Situated in a high-traffic locale, this property enjoys exceptional proximity to major transportation arteries such as the BQE and Prospect Expressway, along with easy access to buses and trains, making it an ideal location for residents and...Discover an enticing opportunity in the vibrant heart of Park Slope, Brooklyn with this mixed-use building. This versatile property boasts two residential units and a ground-floor dry cleaning business, currently owner-operated, offering potential possession. Situated in a high-traffic locale, this property enjoys exceptional proximity to major transportation arteries such as the BQE and Prospect Expressway, along with easy access to buses and trains, making it an ideal location for residents and businesses alike. Embrace the essence of city living with nightlife, shopping, and a diverse culinary scene right at your doorstep, ensuring convenience and a lively atmosphere. For those eager to explore the residential units, kindly note that showings require 48-72 hours notice to accommodate your schedule. Unlock the potential of this mixed-use gem in Park Slope, where residential comfort and commercial opportunity converge in a thriving urban landscape.
  1. Listed by Evangelos Theoharis • RE/MAX Edge

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Edge
Add your commute
LISTING UPDATED: 04/25/2024 02:17 PM

Property Details for 622 5th Avenue

StatusActive
MLS ID477792
Days on Market187
Taxes$9,680 / year
Maintenance-
Min. Down Pymt-
Total Rooms12.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1919
Lot Size1,499 SF / 20' x 75'
CountyKings County

Building

622 5th Ave

2 Units3 StoriesBuilt in 1919

Location

Listing Courtesy of RE/MAX Edge
Add your commute

Building Information for 622 5th Avenue

Stories3Residences2Year Built1919Lot Size1,499 SF / 20' x 75'Building Age-Building Type-

Payment Calculator

$10,352 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,545

Property Taxes

$807

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 622 5th Avenue

Summary
Location and General Information
  • Block: 631
  • Number Of Stories: 1
  • Cross Street Name: 18th St
  • Cross Street Name: 17th St
  • Zoning: R6A
  • Roof: Flat
  • Water Front Present YN: No
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 9680.0
  • Gross Expense: 61288.0
  • Gross Income: $126,000.00
  • Miscellaneous Expense: 1000.0
  • Cap Rate: .04%
Property
Lot Information
  • Lot Dimensions: 20x75
  • Sq Ft Total: 2772
  • Yard: Back
  • Lot Number: 47
  • Lot Size Irregular YN: No
  • Lot Size Length: 75
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 4000.0
  • Fuel Expense: 3500.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Unfinished
  • Commercial Features Interior: Restrooms - Staff
  • Foundation Details: Block
  • Flooring: Other
  • Unit Count: 0
  • Lavatories: 3
  • Construction Materials: Wood Frame
  • Electric: 110 V, 220 V
Exterior Features
  • Exterior: Vinyl Siding
  • Commercial Features Exterior: None
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 900.0
  • Building Length: 45.0
  • Building Type: Attached
  • Building Width: 20.0
Agent
Agent Information
  • Net Operating Income: 63912.0
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 4000.0
  • Owner Occupied: Yes
  • Rent Income: 126000.0

Property History for 622 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 622 5th Avenue

Taxable ValueLand$17,280Additions$82,560Total$99,840
Home Facts
Total Finished SqFt2,772 SqFtLot Size1,499 SqFtYear Built1919ZoningR6AAPN3006310047

Schools near 622 5th Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 6 to 8
Rating
School
Distance
P.S. 295
PublicPK to 5

Park Slope Collegiate
Public6 to 12

Jhs 88 Peter Rouget
Public6 to 8

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.

Similar Homes

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622 5th Avenue is a mixed use property for sale in Greenwood Heights. This property was listed for sale on October 24, 2023 by RE/MAX Edge, it's currently listed at $1,749,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 295, New Voices School Of Academic And Creative Arts and Park Slope Collegiate. 622 5th Avenue is a 5-bed, 3-bath, 2,772 sqft mixed use property built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Edge

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 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 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. 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. ©2024 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.©2024 The Real Estate Board of New York, Inc., All rights reserved.