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 LLC
  2. Listed by Jason Sciulara • Bergen Basin Realty LLC

Amenities

  • Top Floor
  • Walk Up
  • Basement
  • Private Outdoor Space
  • Parking Included
  • Spa
  • Lowrise
LISTING UPDATED: 12/04/2024 04:17 PM

Property Details for 5507 Avenue North

StatusActive
MLS ID481973
Days on Market224
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 LLC, 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 LLC

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.