Brick Mixed-Use
For Sale
$4,600,000
5706 7th Avenue, Brooklyn, NY 11220
Includes a commercial storefront, residential units, and finished basement space.
Property Size6,700 SF
Lot Size0.06 Acres
Price / SF$686.57
Days on Market202
Property Features for 5706 7th Avenue
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.06 Acres
Property subtype
Mixed Use
Zoning
R7A
Additional Details
Multifamily Units
7
Building Details
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Prideestates
Added: Mar 30
Changed: Oct 13
Last Checked: Oct 16 at 9:07AM
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 Tiger Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1925 brick mixed-use building contains a commercial storefront alongside seven residential apartments. The property measures 6,700 square feet and occupies a 25 × 100 lot, with a 25 × 75 building footprint. A fully finished basement adds usable interior area. The building is located at 5706 7th Avenue in Brooklyn within an R7A zoning district. Each apartment has a separate heating system and individual boiler. The configuration combines retail and residential components in a single building, with the basement providing additional storage or expansion space.
Key Highlights
- One commercial storefront and seven residential units
- 6,700 square feet in a 1925 brick building
- 25 × 75 building on a 25 × 100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,920
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,698,400
$3.7M
Cap Rate 7%
$2,641,714
$2.6M
Cap Rate 9%
$2,054,667
$2.1M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$321.6K $48.00/SF
− Vacancy
−$25.7K −$3.84/SF
EGI
$295.9K $44.16/SF
− OpEx
−$111.0K −$16.56/SF
NOI
$184.9K $27.60/SF
Area
ZIP 11220
Vacancy
8.00%
Lease Rate
$48.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,698,400
Cap Rate 7%
$2,641,714
Cap Rate 9%
$2,054,667
Alternative Uses
Best Use
Mixed Use
$2.64M
$2.31M – $3.08M
NOI $184,920 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$2.55M
$2.23M – $2.98M
NOI $178,666 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$4.34M
$3.80M – $5.07M
NOI $304,041 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
7
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,012
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes a commercial storefront, residential units, and finished basement space.
Where is this mixed-use property located?
The property is located at 5706 7th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: One commercial storefront and seven residential units; 6,700 square feet in a 1925 brick building; 25 × 75 building on a 25 × 100 lot
