6001 5th Ave Brooklyn, NY 11220
Sunset Park NeighborhoodEstimated payment $18,526/month
Highlights
- Wood Flooring
- 4-minute walk to 59 Street (N,R Line)
- Heating System Uses Steam
- Junior High School 227 Edward B Shallow Rated A-
About This Home
Investment Opportunity on Prime Corner Location!! Mixed-Use Building in the heart of Sunset Park featuring 5 free-market two-bedroom apartments (one with bonus office room) and 3 ground-floor retail stores including a prime corner unit. All leases are short-term, allowing for near-term rent increases or owner occupancy. Current rents are below market, providing exceptional upside potential. Located minutes from D, N & R trains, moments from buses, and close to shopping, dining, and major highways. Just minutes from NYU Langone Hospital, Sunset Park, Industry City, and Brooklyn Army Terminal. Great Income Property with strong growth potential in a high-traffic, high-demand location. Projected Annual Gross Income is roughly $330k, price is negotiable, present all offers.
Property Details
Property Type
- Other
Est. Annual Taxes
- $23,597
Year Built
- Built in 1931
Lot Details
- 2,000 Sq Ft Lot
- Lot Dimensions are 80 x 25
- Property is zoned R6A
Parking
- On-Street Parking
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Block Foundation
Interior Spaces
- 6,000 Sq Ft Home
- 3-Story Property
Flooring
- Wood
- Ceramic Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Block 5783
Community Details
Overview
- 5 Units
Building Details
- Fuel Expense $7,000
- Insurance Expense $10,000
- Utility Expense $800
- Gross Income $218,205
- Net Operating Income $170,263
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $23,601 | $568,800 | $9,450 | $559,350 |
| 2024 | $23,601 | $565,920 | $9,450 | $556,470 |
| 2023 | $21,442 | $707,400 | $9,450 | $697,950 |
| 2022 | $21,386 | $589,500 | $9,450 | $580,050 |
| 2021 | $20,777 | $674,100 | $9,450 | $664,650 |
| 2020 | $9,457 | $736,200 | $9,450 | $726,750 |
| 2019 | $18,314 | $738,450 | $9,450 | $729,000 |
| 2018 | $17,763 | $134,456 | $2,059 | $132,397 |
| 2017 | $17,101 | $134,456 | $2,182 | $132,274 |
| 2016 | $16,796 | $130,286 | $2,332 | $127,954 |
| 2015 | $10,420 | $120,636 | $2,341 | $118,295 |
| 2014 | $10,420 | $111,701 | $2,600 | $109,101 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2026 03/12/26 | Price Changed | $3,099,000 | -6.1% | $517 / Sq Ft |
| 01/26/2026 01/26/26 | Price Changed | $3,299,000 | -4.6% | $550 / Sq Ft |
| 01/15/2026 01/15/26 | Price Changed | $3,459,000 | -1.1% | $577 / Sq Ft |
| 12/03/2025 12/03/25 | Price Changed | $3,499,000 | -2.8% | $583 / Sq Ft |
| 11/25/2025 11/25/25 | Price Changed | $3,599,000 | -2.7% | $600 / Sq Ft |
| 11/05/2025 11/05/25 | Price Changed | $3,699,000 | -9.8% | $617 / Sq Ft |
| 10/11/2025 10/11/25 | Price Changed | $4,099,000 | +9.3% | $683 / Sq Ft |
| 10/08/2025 10/08/25 | Price Changed | $3,749,000 | -6.3% | $625 / Sq Ft |
| 09/26/2025 09/26/25 | Price Changed | $3,999,000 | -2.4% | $667 / Sq Ft |
| 08/11/2025 08/11/25 | For Sale | $4,099,000 | -- | $683 / Sq Ft |
| 08/10/2025 08/10/25 | Pending | -- | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Bargain Sale Deed | -- | Fidelity National Title Ins | |
| Bargain Sale Deed | -- | Fidelity National Title Ins |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $800,000 | Purchase Money Mortgage | |
| Closed | $800,000 | Purchase Money Mortgage |
Source: Brooklyn Board of REALTORS®
MLS Number: 494932
APN: 05783-0009
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