Park Slope, Brooklyn, NY 11215
Property Type
Multi Family
Central AC
Yes
Pets Allowed
Building No, No
Year Built
1899
Financing Allowed
70%
RE Tax
$7,176 (Monthly)
Listing courtesy of Louis M Esposito of Compass.
**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.
6
4
2
8
Brooklyn
70%
RLS20078243
3,828 Sqft
Park Slope
Multi Family
$7,176 (Monthly)
1899
See Remarks
Multi Family, Mixed Use
4
3
1899
Building No, No
Park Slope
Brooklyn
$7,176 (Monthly)
70%
Full
Yes - Central Air, Wall Unit(s)
Hardwood
Unfurnished
Yes
Yes - Central, Forced Air, Natural Gas, Wall Furnace
Wet Bar, Built-in Features, Chandelier, High Ceilings, Recessed Lighting, Sound System, Bar
16
Total$31,551.64/Month
*The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.
| Address | Size | Sold For |
|---|---|---|
| 147 16th Street #NA #NAPark Slope | 8 BR / 4 BA | $3,250,000 |
| 445 9th Street #NA #NAPark Slope | 8 BR / 5.5 BA | $4,400,000 |
| 45 Montgomery Place 0Park Slope | 7 BR | $10,775,000 |
Closed sales recorded by Brown Harris Stevens agents.

Park Slope is a well-established Brooklyn neighborhood known for its historic architecture, community-oriented atmosphere, and proximity to Prospect Park. Bordered by Prospect Heights, Windsor Terrace…
RLSat REBNYThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
Last Updated: Jul 25, 2026 at 4:20 AM
RLS Data displayed by Brown Harris Stevens