**Prime Park Slope Investment Opportunity: 397 5th Avenue, Brooklyn**
Discover a meticulously maintained, three-story mixed-use building in the bustling retail corridor of 5th Avenue in Park Slope, Brooklyn. This property represents a rare investment opportunity in one of Brooklyn's most desirable neighborhoods.
Situated on a high foot traffic section of 5th Avenue, the building enjoys maximum visibility and accessibility. It is currently fully occupied, featuring a diverse tenant mix. The residential component includes four well-appointed 2-bedroom apartments, each with desirable front and back layouts. The retail space is currently leased for the next 10 years,
In excellent, turnkey condition, the building requires no immediate renovations or repairs, allowing for a seamless transition and continued revenue generation. This exceptional property combines a prime location, stable income, and well-maintained infrastructure, making it a valuable addition to any real estate portfolio. Don’t miss this opportunity to invest in a thriving area with a solid track record of demand and profitability.
Active
$4,650,000
397 5th Ave, Brooklyn, NY 11215
8beds
3,828sqft
Mixed Use
Built in 1899
-- sqft lot
$4,531,700 Zestimate®
$1,215/sqft
$-- HOA
What's special
- 46 days
- 324
- 7
Zillow last checked:
Listing updated:
Listed by:
Compass 718-710-1844,
Roseanne Degliuomini,
Louis Esposito
Source: StreetEasy,MLS#: S1837916
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 6
- Full bathrooms: 6
Cooling
- Central Air
Appliances
- Included: Dishwasher
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 3,828
- Total interior livable area: 3,828 sqft
Property
Features
- Patio & porch: Other
- Exterior features: Courtyard
- Has view: Yes
- View description: City
Details
- Parcel number: 009940003
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1899
Community & HOA
Community
- Subdivision: Park Slope
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,215/sqft
- Tax assessed value: $867,000
- Annual tax amount: $7,176
- Date on market: 7/13/2026
Estimated market value
$4,531,700
$4.31M - $4.76M
$6,722/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Price change | $4,650,000-13.5%$1,215/sqft |
Source: StreetEasy #S1837916 Report a problem | ||
| 10/12/2024 | Price change | $5,375,000-11.9%$1,404/sqft |
Source: StreetEasy #1731398 Report a problem | ||
| 8/26/2024 | Listed for sale | $6,100,000+139.2%$1,594/sqft |
Source: StreetEasy #1731398 Report a problem | ||
| 4/5/2016 | Sold | $2,550,000+2.4%$666/sqft |
Source: Public Record Report a problem | ||
| 4/10/2015 | Listing removed | $2,490,000$650/sqft |
Source: Ideal Properties Group Report a problem | ||
| 11/8/2013 | Price change | $2,490,000-10.8%$650/sqft |
Source: Ideal Properties Group Report a problem | ||
| 10/10/2013 | Listed for sale | $2,790,000$729/sqft |
Source: Ideal Properties Group Report a problem | ||
| 7/14/2013 | Listing removed | $2,790,000$729/sqft |
Source: Ideal Properties Group #251077 Report a problem | ||
| 6/15/2013 | Listed for sale | $2,790,000$729/sqft |
Source: Ideal Properties Group #251077 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,176 -0.5% | $390,150 +6.6% |
| 2024 | $7,212 | $366,120 +20% |
| 2023 | -- | $305,100 +1.8% |
| 2022 | -- | $299,700 +6.4% |
| 2021 | -- | $281,700 -15.6% |
| 2020 | $5,535 -12.8% | $333,900 +269.3% |
| 2019 | $6,345 +7.2% | $90,420 +219.4% |
| 2018 | $5,921 +8.7% | $28,305 +5.9% |
| 2017 | $5,447 -1.5% | $26,722 +5.9% |
| 2016 | $5,529 | $25,230 |
| 2015 | $5,529 +81.8% | $25,230 +1% |
| 2014 | $3,041 | $24,980 |
Find assessor info on the county website








