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Former Bank Building Corner Site
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207 5th Ave, Brooklyn, NY 11215

Vacant bank building on a corner lot at Fifth Avenue and Union Street with approved plans for mixed-use condo development.

Property Size9,366 SF
Days on Market121

Property Features for 207 5th Ave

General Information

Standard status Active
Size 9,366 SF
Property subtype Retail
Listing Agency: Cushman & Wakefield New York
Listed By: Dylan Walsh · License #10401384207
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 3:28PM

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 Cushman & Wakefield New York

Investment Insights

Based on property information with market context.

The property is a vacant former bank building comprising 9,366 GSF, located on a corner site at Fifth Avenue & Union Street. The offering includes approved plans for a larger 20,504 GSF, mixed-use condominium development.

The site sits in Park Slope on one of the neighborhood’s prominent retail corridors. It is also described as conveniently located one block from the Union Street R train station, providing neighborhood access for future occupants.

This is a development-oriented opportunity featuring an existing building footprint and approved plans for an expanded mixed-use condo project.

Key Highlights

  • 9,366 GSF vacant former bank building on the corner of Fifth Avenue & Union Street in Park Slope
  • Approved plans for a 20,504 GSF mixed‑use condominium development
  • Corner location at Fifth Avenue & Union Street in Park Slope

Property Analytics

Current Use

Banks

Suggested Use

Top Pick Law Firm Accounting Firm Nursing Home Auto Parts Store Catering Service Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8,402
Businesses Nearby
367k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 33% Groceries 33% Shops & Services 23% Office Supplies 5%
Whole Foods Market Groceries
88,654 visits/mo 0.5 miles
Chick-fil-A Dining
35,688 visits/mo 0.5 miles
Key Food Urban Marketplace Groceries
23,386 visits/mo 0.3 miles
Staples Office Supplies
19,418 visits/mo 0.4 miles
Shake Shack Dining
18,217 visits/mo 0.5 miles

Demographics for 11215, NY

67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Bank - Vacant bank building on a corner lot at Fifth Avenue and Union Street with approved plans for mixed-use condo development.
Where is this bank located?
The property is located at 207 5th Ave Brooklyn, NY.
What are key features of this property?
This property features: 9,366 GSF vacant former bank building on the corner of Fifth Avenue & Union Street in Park Slope; Approved plans for a 20,504 GSF mixed‑use condominium development; Corner location at Fifth Avenue & Union Street in Park Slope
(718) 307-6517 Call to check price and availability
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