Mixed-Use Retail and Medical
5203-5207 Church Avenue Brooklyn, NY 11203
5203-5207 Church Avenue, Brooklyn, NY, 11203
$4,450,000
For Sale
$4,450,000
COMMERCIAL - Other - Brooklyn, NY
Property Size15,000 SF
Price / SF$296.67
Days on Market168
Property Features for 5203-5207 Church Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Building Details
- Architectural style
- Other
Listing Agency
Compass
(646) 982-0353
3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY
Listed by
Nathan Horne · License #10301210236
Added: Jan 30 Checked: Jul 17 at 9:06 pm
MLS# 11640815
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property at 5203–5207 Church Avenue is an approximately 15,000 SF commercial building configured with both retail and medical tenants. The layout includes 10+ ceiling heights and elevator access throughout, supporting flexible, high-usable spaces for an owner-user or tenant customization. The property can be delivered vacant, while a second-floor tenant is currently paying approximately $13,500 per month.
Located within one of Flatbush’s established commercial areas, the building sits along a predominant retail corridor, offering an active streetscape for commercial operations.
From a development perspective, the property is identified as being within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5 and approximately 14,000 buildable square feet, providing long-term optionality while income remains in place during any transition period.
Located within one of Flatbush’s established commercial areas, the building sits along a predominant retail corridor, offering an active streetscape for commercial operations.
From a development perspective, the property is identified as being within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5 and approximately 14,000 buildable square feet, providing long-term optionality while income remains in place during any transition period.
Key Highlights
- Approximately 15,000 SF commercial building (about 10,000 SF above grade) on Church Avenue in Flatbush’s retail corridor.
- Can be delivered vacant for an end‑user or investor repositioning/redevelopment while keeping current income potential.
- Current layout includes retail and medical tenants with 10+ ceiling heights and elevator access throughout.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $648.0k | $43.20 |
| − Vacancy | −$149.0k | −$9.94 |
| EGI | $499.0k | $33.26 |
| − OpEx | −$124.7k | −$8.32 |
| NOI | $374.2k | $24.95 |
15,000 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$10.28M
$8.99M – $11.99M
NOI $719,319 @ 7.0% cap · market cap 16.16%
Second Best
Office B
$5.35M
$4.68M – $6.24M
NOI $374,220 @ 7.0% cap · market cap 8.41%
Theoretical Best
Specialty Retail
$12.42M
$10.87M – $14.49M
NOI $869,400 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Multi-tenant building with retail and medical configurations, elevator access, and multiple ceiling heights along a Flatbush retail corridor.
Where is this retail space located?
The property is located at 5203-5207 Church Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,450,000.
What are key features of this property?
This property features: Approximately 15,000 SF commercial building (about 10,000 SF above grade) on Church Avenue in Flatbush’s retail corridor.; Can be delivered vacant for an end‑user or investor repositioning/redevelopment while keeping current income potential.; Current layout includes retail and medical tenants with 10+ ceiling heights and elevator access throughout.
