Renovated Mixed-Use
For Sale
Contact for pricing
5723 5th Avenue, Brooklyn, NY 11220
Fully renovated property combining retail occupancy with rent-stabilized residential apartments.
Property Size7,681 SF
Days on Market147
Property Features for 5723 5th Avenue
General Information
Standard status
Active
Size
7,681 SF
Property subtype
Mixed Use
Site & Location
Corner Location
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
8 x 1BR
Multifamily Units
8
Building Details
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Ariel Property Advisors
Listed By:
Stephen Vorvolakos · License #NY 10401268778
(212) 544-9500
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 7:09PM
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 Ariel Property Advisors
Investment Insights
Based on property information with market context.
This fully renovated, three-story mixed-use building contains 7,681 square feet across two commercial units and eight one-bedroom apartments. All residential units are rent-stabilized. One commercial space is occupied by a pharmacy under a lease extending through 2022, with 4% annual escalations and a five-year renewal option; the second commercial unit is vacant and was previously used as a doctors office. The property is designated in tax class 2B, which limits annual tax increases.
The building occupies the northeast corner of 5th Avenue and 58th Street in Sunset Park. It sits along a retail corridor near Sprint, T-Mobile, GameStop, Subway, Papa Johns, and Carvel. Transit access includes the B63 bus line on 5th Avenue and the 59th Street N/R subway station, located 0.2 miles away.
The building occupies the northeast corner of 5th Avenue and 58th Street in Sunset Park. It sits along a retail corridor near Sprint, T-Mobile, GameStop, Subway, Papa Johns, and Carvel. Transit access includes the B63 bus line on 5th Avenue and the 59th Street N/R subway station, located 0.2 miles away.
Key Highlights
- Fully renovated three‑story mixed‑use building totaling 7,681 square feet
- Two commercial units plus 8 one‑bedroom residential apartments
- All 8 residential units are rent‑stabilized
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,216
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully renovated property combining retail occupancy with rent-stabilized residential apartments.
Where is this mixed-use property located?
The property is located at 5723 5th Avenue Brooklyn, NY.
What are key features of this property?
This property features: Fully renovated three‑story mixed‑use building totaling 7,681 square feet; Two commercial units plus 8 one‑bedroom residential apartments; All 8 residential units are rent‑stabilized
