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    7823 5Th Ave Brooklyn, NY 11209

    For Sale
    $20,500,000

    Spacious retail property with high frontage and development potential.

    Property size:
    21,016 SF
    Lot size:
    0.08 Acres

    Property Features for 7823 5Th Ave

    General Information

    Size
    21,016 SF
    Lot size
    0.08 Acres

    Source: Red Sparrow Realty Agent Russell Dinstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space on 5th Avenue

    This property features 73.5 feet of frontage on 5th Avenue and 100 feet of frontage on 15th Street, occupying the entire 7,350-square-foot lot. The building offers 13,800.1 square feet above grade, divided between 7,300 square feet on the first floor and 6,500 square feet on the second floor. Additionally, there is a 7,300-square-foot selling basement, bringing the total Gross Leasable Area (GLA) to 21,016 square feet. Zoned C4-3A, the property allows for both residential and commercial uses. The maximum Floor Area Ratio (FAR) is 3, providing approximately 7,600 square feet of unused as-of-right air rights.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Painting

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.023432
    Latitude
    40.626722

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    FAQs

    What type of property is this?
    Retail space - Spacious retail property with high frontage and development potential.
    Where is this retail space located?
    The property is located at 7823 5Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $20,500,000.
    What are key features of this property?
    This property features: - Prime location: **73.5 feet of frontage on 5th Avenue and 100 feet on 15th Street.**; - **Large building with 21,016 total square feet** of Cross Leasable Area (CLA), including a 7,300+ square foot selling basement.; - Flexible C4-3A zoning permits both residential and commercial uses.
    (212) 655-7526
    Request Owner's contact information
    7823 5Th Ave Brooklyn, NY 11209
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    Brooklyn, NY 11209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7823 5Th Ave Brooklyn, NY 11209
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