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8707 5th Ave 3,000 SF 100% Leased Retail Building Brooklyn, NY 11209 $2,800,000 ($933.33/SF)
Investment Highlights
- This is an excellent investment opportunity for a 1031 exchange, investors, or potential future owners.
Executive Summary
Mixed-Use Building with Five Residential Units and One Store in Prime Bay Ridge Neighborhood! This property is located just one block away from the 86th Street shopping area. Building Size: 4,800 sq ft (20 ft x 80 ft)Lot Size: 2,325 sq ft (20 ft x 116.25 ft)Zoning: R6B, C2-3 All units are currently rented, providing great potential for growth. One apartment will be vacant soon.This is an excellent investment opportunity for a 1031 exchange, investors, or potential future users. Please call the broker for more information and financial details.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1925
Price
$2,800,000
Price Per SF
$933.33
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.38
Lot Size
0.05 AC
Zoning
R6 - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location
Frontage
19’ on 5th Ave
Amenities
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06051-0006 | Improvements Assessment | $526,500 |
| Land Assessment | $6,300 | Total Assessment | $532,800 |
Property Taxes
Parcel Number
06051-0006
Land Assessment
$6,300
Improvements Assessment
$526,500
Total Assessment
$532,800
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8707 5th Ave