Eastern Consolidated chosen to market 5310-5312 Fourth Avenue, Brooklyn

Eastern Consolidated has been retained as the exclusive agent to market for sale 5310-5312 Fourth Ave. in the Sunset Park area. The four-story, mixed-use building is located on a two-way stretch between 53rd and 54th Sts. The ground floor houses two retail stores with frontage along Fourth Ave., while the upper floors are divided into 12 rent stabilized, one-bedroom apartments. Four of the 12 apartments in the 9,600 s/f building will be delivered vacant and all are complemented by income-producing antennae on the roof. "5310-5312 Fourth Ave. is a valuable asset for any portfolio because of its central location and multiple revenue streams," said Andrew Sasson, an associate director of the investment sales division at Eastern Consolidated, who exclusively represents the seller, 5310 4th Avenue LLC. "This bustling area of Brooklyn sees a steady flow of foot traffic, which prospective buyers will capitalize on when marketing the retail spaces in the future." The property was originally built in 1927 and includes nearly 5,000 s/f of unused air rights. The building is located immediately outside an entrance to the R subway line and one block from the Gowanus Expressway.