Mixed-Use Building with Vacant
For Sale
$999,000
Pending
5319 Church Avenue, Brooklyn, NY 11203
Mixed-use property with a ground-floor commercial unit and two vacant residential apartments.
Property Size2,480 SF
Days on Market98
Property Features for 5319 Church Avenue
General Information
Standard status
Pending
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
(646) 773-7624
Source:
Penrealty
Added: Jul 22
Changed: Oct 25
Last Checked: Oct 27 at 12:24AM
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
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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 / Yr
$90,024
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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
