Four-Story Brick Storefront
For Sale
$4,990,000
5301 7th Avenue, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size6,970 SF
Lot Size0.03 Acres
Price / SF$715.93
Days on Market47
Property Features for 5301 7th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7A
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
6,970 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
58930
Building Details
Year built
1899
Floors in Building
4
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Patsy P. He
(718) 838-2600
Added: Aug 22
Changed: Sep 16
Last Checked: Oct 7 at 12:06AM
MLS# 503979
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
This four-story storefront property contains approximately 6,970 square feet within a brick building constructed in 1899. The structure occupies a 19*80 lot and includes a flat roof. R7A zoning is identified, with potential for residential conversion subject to applicable zoning requirements, permits, and approvals.
The property is positioned along a commercial corridor near 8th Avenue in Brooklyn. Surrounding conveniences include schools, supermarkets, shopping, restaurants, and public transportation. The 5301 7th Avenue address places the building within the 11220 postal area of Kings County.
The property is positioned along a commercial corridor near 8th Avenue in Brooklyn. Surrounding conveniences include schools, supermarkets, shopping, restaurants, and public transportation. The 5301 7th Avenue address places the building within the 11220 postal area of Kings County.
Key Highlights
- Approximately 6,970 square feet in a 4‑floor building
- 1980 building on a 1980 lot
- R7A zoning with residential conversion potential subject to approvals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,016
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,680,320
$3.7M
Cap Rate 7%
$2,628,800
$2.6M
Cap Rate 9%
$2,044,622
$2.0M
Market Conditions
NOI Build-Up for 6,970 SF
Gross rent
$292.7K $42.00/SF
− Vacancy
−$29.9K −$4.28/SF
EGI
$262.9K $37.72/SF
− OpEx
−$78.9K −$11.31/SF
NOI
$184.0K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,680,320
Cap Rate 7%
$2,628,800
Cap Rate 9%
$2,044,622
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,016 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.52M
$3.95M – $5.27M
NOI $316,293 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,331
Businesses Nearby
70k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 22%
Dining 15%
Apparel 9%
Bravo Supermarkets
Groceries
15,635 visits/mo
0.5 miles
Shell
Shops & Services
14,799 visits/mo
0.5 miles
Chase Bank
Shops & Services
13,539 visits/mo
0.4 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.3 miles
Jimmy Jazz
Apparel
3,391 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with conversion potential, subject to applicable zoning, permits, and approvals.
Where is this storefront property located?
The property is located at 5301 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Approximately 6,970 square feet in a 4‑floor building; 19*80 building on a 19*80 lot; R7A zoning with residential conversion potential subject to approvals
