Bankruptcy Sale_4811 5505 5507 Fifth Ave. Sunset Park_Exclusive Offering Memorandum
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PORTFOLIO OVERVIEW<br />
<strong>4811</strong>, <strong>5505</strong>, & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY<br />
EXECUTIVE SUMMARY<br />
PORTFOLIO FEATURES<br />
<strong>4811</strong> 5th <strong>Ave</strong>nue is a 6,076± square foot building on a 2,200± square foot lot. It stands<br />
4 stories, plus a selling basement for the retail use. This mixed-use asset consists of 6 residential<br />
units and two retail units at the base of the building. The residential units are comprised of two<br />
bedrooms and are all rent stabilized.<br />
<strong>5505</strong> 5th <strong>Ave</strong>nue is a 6,212± square foot building on a 2,667± square foot lot. It stands 4<br />
stories, plus a selling basement for the retail use. This mixed-use asset consists of 6 residential<br />
units and two retail units at the base of the building. The residential units are comprised of two<br />
bedrooms and are all rent stabilized.<br />
LOCATION<br />
<strong>Sunset</strong> <strong>Park</strong><br />
STORIES<br />
4<br />
RESIDENTIAL UNITS<br />
18<br />
COMMERCIAL UNITS<br />
6 Total<br />
<strong>5507</strong> 5th <strong>Ave</strong>nue is a 6,212± square foot building on a 2,667± square foot lot. It stands<br />
4 stories, plus a selling basement for the retail use. This mixed-use asset consists of 6 residential<br />
units and two retail units at the base of the building. The residential units are comprised of two<br />
bedrooms and are all rent stabilized.<br />
ZONING<br />
C4-3A<br />
BUILDING SQ FT.<br />
18,500<br />
RE TAXES<br />
~$60,000<br />
<strong>4811</strong> 5th <strong>Ave</strong>: $6,007 (Property tax bill for 7/1/2020 to 6/30/2021)<br />
<strong>5505</strong> 5th <strong>Ave</strong>: $27,275 (Property tax bill for 7/1/2020 to 6/30/2021)<br />
<strong>5507</strong> 5th <strong>Ave</strong>: $26,457 (Property tax bill for 7/1/2020 to 6/30/2021)<br />
Tax map<br />
48th St<br />
55th St<br />
<strong>Fifth</strong> <strong>Ave</strong><br />
<strong>Fifth</strong> <strong>Ave</strong><br />
49th St<br />
56th St<br />
12 | <strong>4811</strong>, <strong>5505</strong> & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY<br />
<strong>4811</strong>, <strong>5505</strong> & <strong>5507</strong> <strong>Fifth</strong> <strong>Ave</strong>. <strong>Sunset</strong> <strong>Park</strong>, Brooklyn, NY | 13
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