Mixed-Use Building with
5109 8th Avenue, Brooklyn, NY 11220
For Sale
$3,800,000
Ground-floor retail and two residential floors share an R6-zoned property on 8th Avenue.
Property Size4,000 SF
Price / SF$950
Days on Market193
Property Features for 5109 8th Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Mixed-Use Components
Multifamily Units
Tenant in Place
Amenities
Hardwood,Tile
Gas
3
4000
Full
Back
Brick
1600
Poured Concrete
20.00
20
50.00
80
Yes
Building Details
Year Built
Buildings
Stories
Listing Agency:
Ben Bay Realty Co
Listed By:
Phoebe F. Burger · License NY PFB1940
(718) 680-6442
Source:
Suitsre
Added: May 2
Changed: Nov 10
Last Checked: Nov 10 at 2:15PM
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 Ben Bay Realty Co
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Investment Insights
Based on property information with market context.
This mixed-use building combines a ground-floor store with two family-residential floors above. The store measures 20 by 70 feet; the second and third floors each measure 20 by 50 feet. The property is zoned R6 and was built in 1920. The retail space has 1.5 years remaining on its lease.
The property is located on 8th Avenue, near shopping and restaurants.
The property is located on 8th Avenue, near shopping and restaurants.
Key Highlights
- Storefront measures 20 by 70 feet
- Two family‑residential floors, each measuring 20 by 50 feet
- R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,400
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,208,000
$2.2M
Cap Rate 7%
$1,577,143
$1.6M
Cap Rate 9%
$1,226,667
$1.2M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$192.0K $48.00/SF
− Vacancy
−$15.4K −$3.84/SF
EGI
$176.6K $44.16/SF
− OpEx
−$66.2K −$16.56/SF
NOI
$110.4K $27.60/SF
Area
ZIP 11220
Vacancy
8.00%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,208,000
Cap Rate 7%
$1,577,143
Cap Rate 9%
$1,226,667
Alternative Uses
Best Use
Mixed Use
$1.58M
$1.38M – $1.84M
NOI $110,400 @ 7.0% cap · market cap 2.91%
Second Best
Retail
$1.51M
$1.32M – $1.76M
NOI $105,605 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.59M
$2.27M – $3.03M
NOI $181,517 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,625
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 30%
Apparel 29%
Electronics 22%
Home Improvements & Furnishings 12%
Carvel Ice Cream
Dining
5,481 visits/mo
0.5 miles
Jimmy Jazz
Apparel
3,391 visits/mo
0.4 miles
Snipes
Apparel
2,716 visits/mo
0.4 miles
W 8 Electric Supply Corp.
Home Improvements & Furnishings
2,500 visits/mo
0.4 miles
Boost Mobile
Electronics
2,500 visits/mo
0.5 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail and two residential floors share an R6-zoned property on 8th Avenue.
Where is this mixed-use property located?
The property is located at 5109 8th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Storefront measures 20 by 70 feet; Two family‑residential floors, each measuring 20 by 50 feet; R6 zoning
