5507 Avenue North

Flatlands

$1,289,000
Price
3
Beds
3
Baths
3,450 Sq. Ft.
$374 / Sq. Ft.
3,450
Sq. Ft.
$374
per Sq. Ft.

Description

Our Commercial division is delighted to present this well sought after semi-detached mixed-use building in the Old Mill Basin section of Brooklyn NY. The oversized property is 3,450 interior usable space. The top floor consists of a 3-bedroom ,1 bath unit that is in need of renovation and the projected rent for a large 3 bedroom is Impressive. The second floor is set-up as a BEAUTIFUL office space with a conference room, private offices and administration station and has European bathroom. The space...Our Commercial division is delighted to present this well sought after semi-detached mixed-use building in the Old Mill Basin section of Brooklyn NY. The oversized property is 3,450 interior usable space. The top floor consists of a 3-bedroom ,1 bath unit that is in need of renovation and the projected rent for a large 3 bedroom is Impressive. The second floor is set-up as a BEAUTIFUL office space with a conference room, private offices and administration station and has European bathroom. The space is ideal for end user or professional tenant to occupy. The first-floor tenant is a well-established nail salon and spa in the community, they utilize the first floor and the finished basement plus pay (90% of water bill). All the tenants pay their own gas and electric, all mechanicals have been up-dated. This is an ideal investment property for anyone's portfolio or owner user.
  1. Listed by Kevin Stile • Bergen Basin Realty
  2. Listed by Jason Sciulara • Bergen Basin Realty

Amenities

  • Top Floor
  • Walk Up
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Spa
  • Lowrise
LISTING UPDATED: 11/07/2024 12:34 PM

Property Details for 5507 Avenue North

StatusActive
MLS ID481973
Days on Market194
Taxes$11,201 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size1,950 SF / 20' x 100'
CountyKings County

Building

5507 Avenue N

3 Units3 StoriesBuilt in 1931

Building Information for 5507 Avenue North

Stories3Residences3Year Built1931Lot Size1,950 SF / 20' x 100'Building Age-Building Type-

Property Information for 5507 Avenue North

Summary
Location and General Information
  • Block: 7880
  • Number Of Stories: 2
  • Cross Street Name: East 56th
  • Cross Street Name: East 55th
  • Roof: Flat
Parking
  • Parking Attributes: None
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Cash
  • Tax Amount: 11201.0
Property
Lot Information
  • Sq Ft Total: 3450
  • Yard: Back
  • Lot Number: 8
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 19
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished
  • Commercial Features Interior: Other
  • Foundation Details: Block
  • Flooring: Hardwood, Tile
  • Unit Count: 3
  • Lavatories: 3
  • Construction Materials: Brick
  • Electric: 110 V, 220 V, Circuit Breakers
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 975.0
  • Building Length: 50.0
  • Building Type: Semi-Detached
  • Building Width: 19.5
Unit 1
  • Unit Baths Three Quarter: 1.0
  • Unit Category: Store
  • Unit Current Rent: 3700.0
  • Unit Floor: 1
  • Unit Rooms Total: 3
  • Unit Sq Ftper Unit: 1500.0
  • Unit Status: Leased
  • Unit Unit Type: Retail
Unit 2
  • Unit Baths Three Quarter: 1.0
  • Unit Category: Store
  • Unit Room Description: Mint condition office space
  • Unit Floor: 2
  • Unit Projected Rent: 2800.0
  • Unit Rooms Total: 4
  • Unit Sq Ftper Unit: 975.0
  • Unit Status: Vacant
  • Unit Unit Type: Office
Unit 3
  • Unit Baths Full: 0
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 1
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Floor: 3
  • Unit Projected Rent: 3200.00
  • Unit Rooms Total: true
  • Unit Status: Vacant
  • Unit Unit Type: 3 Bedrooms
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No

Property History for 5507 Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5507 Avenue North

This home is within Nyc Geog District #22 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
P.S. 203 Floyd Bennett
PublicPK to 5

Jhs 78 Roy H Mann
Public6 to 8

Midwood High School
Public9 to 12

P.S. 326
PublicPK to 2

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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5507 Avenue North is a mixed use property for sale in Flatlands. This property was listed for sale on May 9, 2024 by Bergen Basin Realty, it's currently listed at $1,289,000. This listing's school district is Nyc Geog District #22 - Brooklyn. Nearby schools include P.S. 203 Floyd Bennett, Jhs 78 Roy H Mann and Midwood High School. 5507 Avenue North is a 3-bed, 3-bath, 3,450 sqft mixed use property built in 1931.

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Listing Courtesy of Bergen Basin Realty

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