5825 Fifth Avenue #1

- ft²

1 room

Studio

1 bath

Mixed-use building
Sunset Park
Resale

recorded sale

Sold on 3/16/2023

Verified by closing records

Last listed for $3,300,000

Seller's agent

Romain Sinclair

Licensed Real Estate Salesperson

Greysteel New York LLC

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Listing by Greysteel New York LLC, Limited Liability Broker, 287 Park Avenue S, New York, NY 10010

Common charges

Not applicable

Estimated payment

$16,060/mo

Taxes

No info

Tax abatement

No info

About

Seller’s agent

Romain Sinclair

Licensed Real Estate Salesperson

Greysteel New York LLC

description

Free market property: 10-unit building without any rent regulations mean future owners can capture the full-upside in residential and commercial units. Most tenants do not have leases. DHCRs are available upon request.

Great value add potential: Residential rents are 40% below market and present an opportunity to add value to the Property.

Policies

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Home features

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Building amenities

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About the building

5825 5th Avenue

5825 5th Avenue, Brooklyn, NY 11220

Mixed-use building inSunset Park

4 units

4 stories

1931 built

For sale

0 available units for sale

For rent

0 available units for rent

Documents and permits

View documents and permits

Learn more about 5825 5th Avenue

Property history

Price Change: ↓ $400,000 (-10.8%) on 11/15/22
Days on market: 205 days

Date	Price	Event
3/16/2023	$2,950,000	Sold by Greysteel New York LLC
11/15/2022	$3,300,000	Price decreased by 11%
9/6/2022	$3,700,000	Listed by Greysteel New York LLC

Date

Price

Event

3/16/2023

$2,950,000

Sold by Greysteel New York LLC

11/15/2022

$3,300,000

Price decreased by 11%

9/6/2022

$3,700,000

Listed by Greysteel New York LLC

Past listing photos

3/16/2023

Explore Sunset Park

Transit

Location	Distance
NRWat 5th Av/59th St	0.16 miles
Rat 53rd St	0.31 miles
Nat 8th Av	0.44 miles
Rat Bay Ridge Av	0.56 miles
Nat Fort Hamilton Parkway	0.7 miles

View transit on Google Maps

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About Sunset Park

Rental prices shown are base rent before any fees. Visit listings for cost and fees breakdown.

SalesMedian asking price

Studio

$1.59M

RentalsMedian asking base rent

Studio

$2,050

Tucked between Park Slope and Bay Ridge, Sunset Park is a bit of a hike from Manhattan and Downtown Brooklyn. Relative obscurity has kept rents low for decades, although that appears to be slowly changing as brownstone families are priced out of Park Slope and Carroll Gardens. A new hipster wave is beginning here: Industry City, a cluster of 16 warehouses on cobblestone streets, now hosts Smorgasburg, The Brooklyn Flea, and Mister Sunday, a day dance party in the summer. The galleries, tech conferences, rooftop movie screenings, and countless artisan shops in that complex are slowly putting Sunset Park on the map for young people.

Learn more about Sunset Park