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5th avenue retail 8627 5th Ave 4,800 SF 100% Leased Retail Building Brooklyn, NY 11209 $1,998,000 ($416.25/SF) 5.81% Cap Rate
INVESTMENT HIGHLIGHTS
- Great investment for now but will look better in the future
- Located in a high foot traffic area
- Storefront and rear vacant apartment could be combined in the near future
EXECUTIVE SUMMARY
Prime investment - vacant apartments !
Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivering all apartments vacant. .
The apartments are dated but after some renovation you can achieve High rents. The area will be occupied with more retail anchor tenants soon. Buy for the Future!
projected Income and expenses to be provided upon request .
Storefront and rear vacant apartment could be combined in the near future to make a large retail/restaurant.
Just 200 Ft Off of 86th Street and 5th Avenue! Store is leased for the next 6 years. Pays 25 % of the RE Tax and part of the Water Bill. This is an investment opportunity to own "Bay Ridge Prime". Delivering all apartments vacant. .
The apartments are dated but after some renovation you can achieve High rents. The area will be occupied with more retail anchor tenants soon. Buy for the Future!
projected Income and expenses to be provided upon request .
Storefront and rear vacant apartment could be combined in the near future to make a large retail/restaurant.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Year Built
1920
Price
$1,998,000
Price Per SF
$416.25
Cap Rate
5.81%
NOI
$116,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.97
Lot Size
0.06 AC
Zoning
R6B - R6 zoning districts are widely mapped in built-up, medium-density areas
Frontage
20’ on 5Th Ave
AMENITIES
- Signage
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (90)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06051-0010 | Total Assessment | $310,950 (2025) |
| Land Assessment | $139,050 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $171,900 (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
06051-0010
Land Assessment
$139,050 (2025)
Improvements Assessment
$171,900 (2025)
Total Assessment
$310,950 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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5th avenue retail | 8627 5th Ave
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