Mixed-Use Building with Vacant
For Sale
$999,000
5319 Church Avenue, Brooklyn, NY 11203
Mixed-use property with a ground-floor commercial unit and two vacant residential apartments.
Property Size2,480 SF
Price / SF$402.82
Days on Market51
Property Features for 5319 Church Avenue
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,534
Building Details
Building Size
2,480 SF
Year Built
1931
Listing Agency:
Wolf Properties Inc
Listed By:
Frank Lupi · License #NEWYORK49LU1164095
(718) 382-9653
Source:
Penrealty
Added: Jul 22
Changed: Aug 13
Last Checked: Sep 9 at 9:12AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,024
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,800,480
$1.8M
Cap Rate 7%
$1,286,057
$1.3M
Cap Rate 9%
$1,000,267
$1.0M
Market Conditions
NOI Build-Up for 2,480 SF
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.
Gross rent
$163.7K $66.00/SF
− Vacancy
−$19.6K −$7.92/SF
EGI
$144.0K $58.08/SF
− OpEx
−$54.0K −$21.78/SF
NOI
$90.0K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,800,480
Cap Rate 7%
$1,286,057
Cap Rate 9%
$1,000,267
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,927 @ 7.0% cap · market cap 11.90%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,024 @ 7.0% cap · market cap 9.01%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,011
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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 $999,000.
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
