---
title: "397 5th Avenue, Brooklyn, NY 11215"
description: "397 5th Avenue, Brooklyn, NY 11215 — NYC real estate listing on Real Estate Rebate Team. Priced at $4,650,000. Est. potential buyer savings up to $116,250 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11215/397-5th-avenue-ny-11215"
source: "Real Estate Rebate Team"
---

# 397 5th Avenue, Brooklyn, NY 11215

> **Listing Courtesy of:** Compass

## Description

**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.

## Property Details

- **Price**: $4,650,000
- **Potential Buyer Rebate**: $116,250
- **Bedrooms**: 8
- **Bathrooms**: 4 full, 2 half
- **Living Area**: 3,828 sqft
- **Property Type**: Residential
- **Year Built**: 1899
- **Building**: 397 5th Avenue
- **Neighbourhood**: Park Slope
- **Area / Borough**: Brooklyn
- **Subdivision**: Park Slope
- **Listing Office**: Compass
- **State**: NY

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$116,250** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Building details](https://realestaterebatesnewyork.com/buildings//buildings/new-york-city/brooklyn/397-5th-avenue)
- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/new-york-city/brooklyn/park-slope)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

---

> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

> 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.