Mixed-Use Retail and Medical
For Sale
$4,450,000
5203-5207 Church Avenue, Brooklyn, NY 11203
COMMERCIAL - Other - Brooklyn, NY
Property Size14,700 SF
Price / SF$302.72
Days on Market182
Property Features for 5203-5207 Church Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
East Flatbush
High school district
000000
Standard status
Active
Size
14,700 SF
Amenities
elevator access
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Nathan Horne · License #10301210236
Added: Jan 30
Changed: Jul 29
Last Checked: Jul 31 at 1:06AM
MLS# 11640815
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property at 5203–5207 Church Avenue is configured with retail and medical tenants and includes elevator access throughout. The building features 10'+ ceiling heights and is described as approximately 15,000 square feet total, with about 10,000 square feet above grade. The property can be delivered vacant, depending on the portion being acquired, supporting either an owner-user plan or a repositioning strategy.
Located within one of Flatbush’s established commercial areas along a predominant retail corridor, the building offers strong flexibility for occupancy. Public remarks indicate a second-floor tenant currently paying approximately $13,500 per month, which may help offset carrying costs for an owner-user or provide interim income while space is re-leased.
From a development perspective, the property is identified as being within a Qualifying Residential Site (QRS), allowing a mixed-use FAR of up to 2.5, which the remarks translate to approximately 14,000 buildable square feet, providing longer-term optionality while maintaining current income in the interim.
Located within one of Flatbush’s established commercial areas along a predominant retail corridor, the building offers strong flexibility for occupancy. Public remarks indicate a second-floor tenant currently paying approximately $13,500 per month, which may help offset carrying costs for an owner-user or provide interim income while space is re-leased.
From a development perspective, the property is identified as being within a Qualifying Residential Site (QRS), allowing a mixed-use FAR of up to 2.5, which the remarks translate to approximately 14,000 buildable square feet, providing longer-term optionality while maintaining current income in the interim.
Key Highlights
- Approximately 15,000 SF commercial building at 5203–5207 Church Avenue (~10,000 SF above grade).
- Mixed retail and medical tenant setup, with 10'+ ceiling heights and elevator access throughout.
- Can be delivered vacant, with a credit‑worthy second‑floor tenant paying approximately $13,500/month.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $635.0k | $43.20 |
| − Vacancy | −$146.1k | −$9.94 |
| EGI | $489.0k | $33.26 |
| − OpEx | −$122.2k | −$8.32 |
| NOI | $366.7k | $24.95 |
14,700 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$10.07M
$8.81M – $11.75M
NOI $704,933 @ 7.0% cap · market cap 15.84%
Second Best
Office B
$5.24M
$4.58M – $6.11M
NOI $366,736 @ 7.0% cap · market cap 8.24%
Theoretical Best
Specialty Retail
$12.17M
$10.65M – $14.20M
NOI $852,012 @ 7.0% cap · market cap 19.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,058
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Cobble Hill Animal Veterinarian Care — 1139 Utica Ave, Brooklyn, NY 11203
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant building with retail and medical uses, elevator access, and 10-foot ceiling heights, with delivery options.
Where is this medical office space located?
The property is located at 5203-5207 Church Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Approximately 15,000 SF commercial building at 5203–5207 Church Avenue (~10,000 SF above grade).; Mixed retail and medical tenant setup, with 10'+ ceiling heights and elevator access throughout.; Can be delivered vacant, with a credit‑worthy second‑floor tenant paying approximately $13,500/month.
