Renovated Mixed-Use Corner
For Sale
$1,580,000
5001 AVENUE M, Brooklyn, NY 11234
Three storefronts and two apartments create a flexible mixed-use configuration at a Brooklyn corner property.
Property Size3,400 SF
Price / SF$464.71
Days on Market225
Property Features for 5001 AVENUE M
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Mixed Use
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$6,530
Amenities
Window/Wall Unit
3
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Winzone Realty Inc
(646) 823-8878
Listed By:
Rebecca Fang · License #40FA1050916
(646) 823-8878
Source:
Xome
Added: Jan 18
Changed: Aug 29
Last Checked: Aug 30 at 1:32PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This renovated mixed-use corner building combines three storefronts with two residential apartments. The commercial spaces measure 1,000 square feet, 400 square feet, and 230 square feet, and each includes a bathroom. A new entrance door serves the building, while the residential component includes one three-bedroom, two-bath apartment and one two-bedroom, one-bath apartment.
Built in 1930, the property is located at 5001 Avenue M in Brooklyn, NY 11234. The combination of retail spaces and defined apartment layouts provides a compact commercial and residential configuration within one building.
Built in 1930, the property is located at 5001 Avenue M in Brooklyn, NY 11234. The combination of retail spaces and defined apartment layouts provides a compact commercial and residential configuration within one building.
Key Highlights
- Three storefronts measuring 1,000 square feet, 400 square feet, and 230 square feet
- Each storefront includes a bathroom
- Two apartments: 3 bedrooms/2 baths and 2 bedrooms/1 bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,468,400
$2.5M
Cap Rate 7%
$1,763,143
$1.8M
Cap Rate 9%
$1,371,333
$1.4M
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$224.4K $66.00/SF
− Vacancy
−$26.9K −$7.92/SF
EGI
$197.5K $58.08/SF
− OpEx
−$74.1K −$21.78/SF
NOI
$123.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,468,400
Cap Rate 7%
$1,763,143
Cap Rate 9%
$1,371,333
Alternative Uses
Best Use
Retail
$2.33M
$2.04M – $2.72M
NOI $163,046 @ 7.0% cap · market cap 10.32%
Second Best
Mixed Use
$1.76M
$1.54M – $2.06M
NOI $123,420 @ 7.0% cap · market cap 7.81%
Theoretical Best
Specialty Retail
$2.82M
$2.46M – $3.28M
NOI $197,064 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,873
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three storefronts and two apartments create a flexible mixed-use configuration at a Brooklyn corner property.
Where is this mixed-use property located?
The property is located at 5001 AVENUE M Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: Three storefronts measuring 1,000 square feet, 400 square feet, and 230 square feet; Each storefront includes a bathroom; Two apartments: 3 bedrooms/2 baths and 2 bedrooms/1 bath
