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 Market155
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
Net Operating Income
$189,425
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$24,295
Amenities
Other
Tile
Finished
Block
Brick
Building Details
Year Built
1925
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #hc3855
(917) 708-9966
Source:
Compass
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 31 at 1:18AM
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
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 = 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
$184,920
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
4.02%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
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 - 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
