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  • Price cut: $725K (7/13)
    $4,650,000

    397 5th Ave, Brooklyn, NY 11215

    8beds
    3,828sqft
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    Mixed Use
    Built in 1899
    -- sqft lot
    $-- Zestimate®
    $1,215/sqft
    $-- HOA

    What's special

    **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.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Compass 718-710-1844,

    Roseanne Degliuomini,

    Louis Esposito

    Source: StreetEasy,MLS#: S1837916

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      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

        Not available

        Estimated sales range

        Not available

        $7,246/mo

        Price history

        DateEventPrice
        7/13/2026Price change$4,650,000-13.5%$1,215/sqft
        Source: StreetEasy #S1837916 Report a problem
        10/12/2024Price change$5,375,000-11.9%$1,404/sqft
        Source: StreetEasy #1731398 Report a problem
        8/26/2024Listed for sale$6,100,000+139.2%$1,594/sqft
        Source: StreetEasy #1731398 Report a problem
        4/5/2016Sold$2,550,000+2.4%$666/sqft
        Source: Public Record Report a problem
        4/10/2015Listing removed$2,490,000$650/sqft
        Source: Ideal Properties Group Report a problem
        11/8/2013Price change$2,490,000-10.8%$650/sqft
        Source: Ideal Properties Group Report a problem
        10/10/2013Listed for sale$2,790,000$729/sqft
        Source: Ideal Properties Group Report a problem
        7/14/2013Listing removed$2,790,000$729/sqft
        Source: Ideal Properties Group #251077 Report a problem
        6/15/2013Listed for sale$2,790,000$729/sqft
        Source: Ideal Properties Group #251077 Report a problem

        Public tax history

        YearProperty taxesTax 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

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Park Slope

        Getting around

        99 / 100
        Walker's Paradise
        91 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

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