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5913-5915 Avenue N 11,295 SF Vacant Retail Building Brooklyn, NY 11234 $4,500,000 ($398.41/SF) 5.50% Cap Rate
Investment Highlights
- Mill Basin, excellent opportunity to purchase the following as a package deal with 5913-5915 Avenue N, 2372-2374-2376-2378-2380 Ralph Avenue, consisti
Executive Summary
This is a 2 Building Sale. Mill Basin, excellent opportunity to purchase the following as a package deal with 5913-5915 Avenue N, 2372-2374-2376-2378-2380 Ralph Avenue, consisting of approximately 11,295 sq ft for the 2 buildings and 4,000 sq ft for parking lot, 6 retail stores and 2 large second floor offices. The retail stores, medical building, and parking lot sold as a package sale only. There is a new rubber roof with 15 year warranty. The Net annual rent roll is approximately $199,389.
Financial Summary (Actual - 2022) 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
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2022) 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 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,295 SF
Building Class
C
Year Built
1939
Price
$4,500,000
Price Per SF
$398.41
Cap Rate
5.50%
NOI
$247,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.85
Lot Size
0.14 AC
Zoning
C1-2 overlay in an R3 - Commercial district predominantly residential in character
Frontage
Amenities
- 24 Hour Access
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07884-0004 | Improvements Assessment | $302,400 (2026) |
| Land Assessment | $58,500 (2026) | Total Assessment | $360,900 (2026) |
Property Taxes
Parcel Number
07884-0004
Land Assessment
$58,500 (2026)
Improvements Assessment
$302,400 (2026)
Total Assessment
$360,900 (2026)
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5913-5915 Avenue N
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