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406 5th Avenue Brooklyn $4,400,000
  • R6A (C1-4)
    Zoning
  • 6,400
    SF
  • 10,140
    BSF
  • Corner
    Notes
  • $64,333
    ANNUAL TAX BILL
406 5th Avenue 406 5th Avenue
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INVESTMENT HIGHLIGHTS

Invictus  Property  Advisors  (“Invictus”)  is pleased to announce that we recently sold a partially vacant mixed-use property in  Park Slope, Brooklyn.  Invictus leveraged its buy-side brokerage network to work in conjunction to find an end-user looking to occupy the property.  The subject property is a corner building comprising one floor of retail space and one floor of office space. The property is located on the highly trafficked 5th Avenue in Park Slope and is just three blocks away from the F, G, and R subway lines.

“With an existing tenant on the ground floor, the most aggressive buyer for this was going to be an end-user looking to occupy the second-story space,”  said  Chase Kirkpatrick,  a Senior Associate of Invictus  Property  Advisors. “Our team was able to work with the buy-side broker community and close at an above-market price”.

The purchaser will be opening an additional dentist practice to better serve the needs of Park Slope. New ownership is excited about repositioning the asset in a neighborhood populated with vibrant restaurants, shops, and the overall community vibe.

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