Mixed-Use Building with Vacant
For Sale
$1,088,000
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$438.71
Days on Market10
Property Features for 5319 Church Avenue
General Information
Standard status
Active
Size
2,480 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
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 30 at 10:46AM
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 authorities.
Property 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
$677,700
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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 $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
