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5023 5th Ave 5,654 SF 100% Leased Retail Building Brooklyn, NY 11220 $4,800,000 ($848.96/SF) 5.04% Cap Rate
Investment Highlights
- Just a block's distance to the subway lines,
- location benefits immensely from its accessibility to public transportation
Executive Summary
East Coast Realtors Inc is proud to present the sale of 5023 5 Ave, Brooklyn, NY 11220. The mixed-used
property is situated on 5th Ave and 51st St with great exposure.
The building boasts 6 retail units and 4 residential units, 7,000 SF of space and C4-3 zoning making it
an optimal choice for various retail and residential purposes. It is graced by an array of prominent
national tenants and commanding an excellent foot traffic. The building is fully occupied with all tenants
being on month-to-month rental agreement. With just a block's distance to the subway
lines, this location benefits immensely from its accessibility to public transportation via subway and
buses.
property is situated on 5th Ave and 51st St with great exposure.
The building boasts 6 retail units and 4 residential units, 7,000 SF of space and C4-3 zoning making it
an optimal choice for various retail and residential purposes. It is graced by an array of prominent
national tenants and commanding an excellent foot traffic. The building is fully occupied with all tenants
being on month-to-month rental agreement. With just a block's distance to the subway
lines, this location benefits immensely from its accessibility to public transportation via subway and
buses.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,654 SF
Building Class
C
Year Built
1927
Price
$4,800,000
Price Per SF
$848.96
Cap Rate
5.04%
NOI
$242,119
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.26
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-3A - C4-3 zoning making it
an optimal choice for various retail and residential
purposes.
Frontage
34’ on 5th Ave
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00792-0001 | Improvements Assessment | $558,900 (2026) |
| Land Assessment | $12,600 (2026) | Total Assessment | $571,500 (2026) |
Property Taxes
Parcel Number
00792-0001
Land Assessment
$12,600 (2026)
Improvements Assessment
$558,900 (2026)
Total Assessment
$571,500 (2026)
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Presented by
East Coast New York
5023 5th Ave
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