Retail and Medical Building with
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 Market171
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 20 at 7:06 am
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.
Located at 5203–5207 Church Avenue within one of Flatbush’s established commercial areas, this commercial property totals approximately 15,000 SF, including roughly 10,000 SF above grade. The building is currently configured with retail and medical tenants and features multiple ceiling heights and elevator access throughout, supporting a flexible layout for a range of occupancies. The property can be delivered vacant.
A second-floor tenant is paying approximately $13,500 per month, which may support an owner-user occupying the remaining space or an investor retaining income while repositioning other portions. From a development perspective, the property sits within a Qualifying Residential Site (QRS), allowing mixed-use FAR up to 2.5 and translating to approximately 14,000 buildable square feet, providing long-term optionality while maintaining existing income in the interim.
A second-floor tenant is paying approximately $13,500 per month, which may support an owner-user occupying the remaining space or an investor retaining income while repositioning other portions. From a development perspective, the property sits within a Qualifying Residential Site (QRS), allowing mixed-use FAR up to 2.5 and translating to approximately 14,000 buildable square feet, providing long-term optionality while maintaining existing income in the interim.
Key Highlights
- Approximately 15,000 SF commercial building at 5203/5207 Church Avenue along a major Flatbush retail corridor
- Configured with retail and medical tenants and includes elevator access throughout
- 10+ ceiling heights for a flexible, customizable interior layout
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
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Cobble Hill Animal Veterinarian Care — 1139 Utica Ave, Brooklyn, NY 11203
- Greenpoint Vet Service — 917 Albany Ave, Brooklyn, NY 11203
FAQs
What type of property is this?
Medical Office Space - Multi-tenant building configured for retail and medical use, with elevator access throughout.
Where is this medical office 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 at 5203/5207 Church Avenue along a major Flatbush retail corridor; Configured with retail and medical tenants and includes elevator access throughout; 10+ ceiling heights for a flexible, customizable interior layout
