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    5215 Church Ave Brooklyn, NY 11203

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    For Sale
    $1,149,900

    Vacant two-story building with high-traffic frontage, ideal for various uses.

    Type:Commercial
    Property size:
    2,698 SF
    Added:
    Apr 22, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 22 at 3:24 am

    Property Features for 5215 Church Ave

    General Information

    Standard status
    Active
    Size
    2,698 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1931

    We can help!

    Listing Contact
    Nina Sabag
    Nina Sabag

    Listing agent Nina Sabag

    Listing office 5 BORO REALTY CORP

    Listing date Apr 22, 2026

    Source Elliman

    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 5 BORO REALTY CORP

    Overview

    East Flatbush Commercial Building Opportunity

    Located in East Flatbush, Brooklyn, 5215 Church Avenue is a vacant two-story commercial building featuring 19 feet of frontage on Church Avenue. The property offers approximately 2,698 square feet across two levels, in addition to a full basement and rear yard. The building is zoned R5/C1-2, making it suitable for office use, medical practice, wellness center, fitness/gym, educational facility, retail storefront, or reactivation as a daycare. Previously operated as a daycare, the layout is conducive to repurposing with minimal modification. This property is located in a densely populated neighborhood with demand for service-based and community-focused commercial uses. The building is delivered completely vacant, ready for immediate occupancy, renovation, or repositioning. The location has a bike score of 55, a walk score of 80, and a transit score of 92.
    Location Intelligence

    Current Use by Public Records

    Magic Kingdom High School COC Educational Green ... High School

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 911DAYCARE/24 HOUR EMERGENCY DAYCARE SERVICES — 4409 Clarendon Rd, Brooklyn, NY 11203
    • Kids Dynasty — 817 E 49th St, Brooklyn, NY 11203
    • Be Above #27 — 771 E 49th St, Brooklyn, NY 11203
    • Lessey Group Family Day Care — 4622 Avenue D, Brooklyn, NY 11203
    • Forever Young Day Care — 4503 Avenue D, Brooklyn, NY 11203

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.928004
    Latitude
    40.652488

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    FAQs

    What type of property is this?
    Day care center - Vacant two-story building with high-traffic frontage, ideal for various uses.
    Where is this day care center located?
    The property is located at 5215 Church Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,149,900.
    What are key features of this property?
    This property features: Prime Church Avenue frontage (19 feet) in a high‑traffic commercial area.; Delivered fully vacant, ready for immediate occupancy, renovation, or repositioning.; Versatile R5/C1‑2 zoning allows for various uses: office, medical, retail, daycare, etc.
    (917) 705-0005
    We can help!
    Listing Contact
    Nina Sabag
    Nina Sabag
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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