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397 5th Avenue, 
Brooklyn, NY 11215

$4,650,000


8

Beds


6

Baths


3,828

Sq Ft


Multi-Family

Active

Listed by

Louis M Esposito

Roseanne Degliuomini

Compass

Last updated:

September 18, 2026, 12:10 PM

MLS#

RLS20078243

Source:

NY REBNY

About This Home

397 5th Avenue

**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.

Home Facts

Multi-Family

6 Baths

8 Bedrooms

Built in 1899

Subdivision & Development:

Park Slope

Price Summary

4,650,000

$1,214 per Sq. Ft.

MLS #:

RLS20078243

Last Updated:

September 18, 2026, 12:10 PM

Added:

7 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

8

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

4

Interior

Living Area:

3,828 Sq. Ft.


Structure

Structure

Building Area:

3,828 Sq. Ft.

Year Built:

1899


Finances & Disclosures

Finances

Price:

$4,650,000

Price per Sq. Ft:

$1,214 per Sq. Ft.

MLS Logo
This 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. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.