Mixed-Use Building with Vacant
5319 Church Avenue Brooklyn, NY 11203
New
For Sale
$1,088,000
Mixed-use property with a ground-floor commercial unit and two vacant residential apartments.
Property Size2,480 SF
Price / SF$438.71
Days on Market5
Property Features for 5319 Church Avenue
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing Agency:
Wolf Properties Inc
(718) 382-9653
Listed By:
Frank Lupi
Source:
Penrealty
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 26 at 2:10PM
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 Wolf Properties Inc
Investment Insights
Based on property information with market context.
This mixed-use property includes one ground-floor commercial unit and a residential apartments building. The commercial space and apartment 2R are both being delivered vacant, providing flexibility for a new owner or tenant.
The property is located on a busy stretch of Church Avenue in a dense residential area with consistent foot and vehicle traffic, with local retail, transportation, and community amenities nearby.
The site measures 20 by 95, with the apartment building listed at 20 by 62. The offering is designed to combine street-level commercial use with residential income within the same structure.
The property is located on a busy stretch of Church Avenue in a dense residential area with consistent foot and vehicle traffic, with local retail, transportation, and community amenities nearby.
The site measures 20 by 95, with the apartment building listed at 20 by 62. The offering is designed to combine street-level commercial use with residential income within the same structure.
Key Highlights
- Mixed‑use property with 1 ground‑floor commercial unit and 2 residential apartments
- All units delivered vacant: commercial store and apartment 2R
- Year built: 1931
Financial Insights For Mixed Use
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 | $163.7k | $66.00 |
| − Vacancy | −$19.6k | −$7.92 |
| EGI | $144.0k | $58.08 |
| − OpEx | −$54.0k | −$21.78 |
| NOI | $90.0k | $36.30 |
2,480 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,927 @ 7.0% cap · market cap 10.93%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,024 @ 7.0% cap · market cap 8.27%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Magic Fingers Studio
Hair Salon
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with a ground-floor commercial unit and two vacant residential apartments.
Where is this mixed-use property located?
The property is located at 5319 Church Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,088,000.
What are key features of this property?
This property features: Mixed‑use property with 1 ground‑floor commercial unit and 2 residential apartments; All units delivered vacant: commercial store and apartment 2R; Year built: 1931
