Building Details

Building Size 3,400 SF

Year Built 1930

Tenancy Multi

Listing Agency: Winzone Realty Inc Show Phone

Listed By: Barbara Murray

Source: Hedgestonehomes

Added: Oct 21 Changed: Oct 31 Last Checked: Oct 31 at 2:34AM

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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

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Investment Insights

Based on property information with market context.

This renovated mixed-use property at 5001 Avenue M in Brooklyn contains three retail spaces and two apartments. The stores measure 1,000, 400, and 230 square feet, and each has a bathroom. The apartments include one three-bedroom, two-bathroom unit and one two-bedroom, one-bathroom unit.

The property is zoned C2-2 and was built in 1930. Its recorded property size is 3,400 square feet.

Key Highlights

• Three retail spaces measuring 1,000, 400, and 230 square feet
• Two apartments: one with 3 bedrooms and 2 baths, and one with 2 bedrooms and 1 bath
• A bathroom is provided in each of the three stores

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,420

Cap Rate

7.81%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,468,400 $2.5M

Cap Rate 7%

$1,763,143 $1.8M

Cap Rate 9%

$1,371,333 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,400 SF

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 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 (±1% cap)

NOI $163,046 @ 7.0% cap · market cap 10.32%

Second Best

Mixed Use

$1.76M

$1.54M – $2.06M (±1% cap)

NOI $123,420 @ 7.0% cap · market cap 7.81%

Theoretical Best

Specialty Retail

$2.82M

$2.46M – $3.28M (±1% cap)

NOI $197,064 @ 7.0% cap · market cap 12.47%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Nursing Home Gym & Fitness Center

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Three street-level retail spaces sit beneath two apartments in a renovated, C2-2-zoned 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 retail spaces measuring 1,000, 400, and 230 square feet; Two apartments: one with 3 bedrooms and 2 baths, and one with 2 bedrooms and 1 bath; A bathroom is provided in each of the three stores