Park Slope Mixed-Use
For Sale
Contact for pricing
180 5TH AVE, Brooklyn, NY 11217
Premier mixed-use building in prime Park Slope location.
Property Size5,200 SF
Price / SF$1,067
Days on Market163
Property Features for 180 5TH AVE
General Information
Standard status
Active
Size
5,200 SF
Class
A
Property subtype
Multifamily, Mixed Use
Zoning
R6A, C1-4
Occupancy
100%
Investment Type
Core+
Net Operating Income
$299,933
Building Details
Year Built
1921
Buildings
1
Stories
4
Units
7
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Andrew Bronsteen · License #NY10401314581
Source:
Crexi
Added: May 11
Changed: Oct 18
Last Checked: Oct 19 at 7:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
Located in the heart of Park Slope, Brooklyn, 180 5th Avenue presents a prime mixed-use opportunity within one of the borough's most distinguished residential and retail corridors. This section of 5th Avenue offers a classic Park Slope neighborhood atmosphere near St. John's and Lincoln Place, extending to 1st Street. The existing building features a strong structure with renovated interiors maintained in impeccable condition. The property is 100% free market with high-end finishes and a newly renovated restaurant. This core plus asset benefits from its proximity to Prospect Park, dining and independent retail options, cultural institutions, and access to the R, F, and G subway lines. The property size is 5,200 square feet.
Key Highlights
- Prime location in the heart of Park Slope's desirable 5th Avenue retail and residential corridor.
- 100% Free Market building.
- Renovated interiors in impeccable condition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,760
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,775,200
$3.8M
Cap Rate 7%
$2,696,571
$2.7M
Cap Rate 9%
$2,097,333
$2.1M
Market Conditions
NOI Build-Up for 5,200 SF
Gross rent
$343.2K $66.00/SF
− Vacancy
−$41.2K −$7.92/SF
EGI
$302.0K $58.08/SF
− OpEx
−$113.3K −$21.78/SF
NOI
$188.8K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,775,200
Cap Rate 7%
$2,696,571
Cap Rate 9%
$2,097,333
Alternative Uses
Best Use
Mixed Use
$2.70M
$2.36M – $3.15M
NOI $188,760 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$2.27M
$1.98M – $2.65M
NOI $158,751 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$4.31M
$3.77M – $5.02M
NOI $301,392 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,855
Businesses Nearby
Explore this area
Business Placement
Demographics for 11217, NY
42,417
Population
21,590
Households
2
Avg Household Size
36
Median Age
73%
College-Educated
93%
High-School Grad
0.7 sq mi
ZIP Area
60,596
Density / Sq Mi
$158,314
Median Household Income
$95,067
Median Earnings
$2,800
Median Rent
$1,614,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Premier mixed-use building in prime Park Slope location.
Where is this mixed-use property located?
The property is located at 180 5TH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,550,000.
What are key features of this property?
This property features: Prime location in the heart of Park Slope's desirable 5th Avenue retail and residential corridor.; 100% Free Market building.; Renovated interiors in impeccable condition.
