Mixed-Use Property with
New
For Sale
$1,290,000
5805 Avenue N, Brooklyn, NY 11234
The storefront will be delivered vacant, alongside two one-bedroom apartments with separate heating systems.
Property Size3,762 SF
Price / SF$342.90
Days on Market4
Property Features for 5805 Avenue N
General Information
Standard status
Active
Size
3,762 SF
Property subtype
Mixed Use
Units
Unit Mix
2 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Edge
Listed By:
Barbara Horan
(718) 612-3088
Source:
Prideestates
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 3:55PM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This 3,762-square-foot mixed-use property combines a commercial storefront, two one-bedroom apartments, and a full basement. The residential units have separate heating systems, and their tenants pay their own utilities. The residential tenancies have no leases; the storefront will be delivered vacant.
The property is just off Ralph Avenue, with access to the B41 bus, shopping, and neighborhood amenities.
The property is just off Ralph Avenue, with access to the B41 bus, shopping, and neighborhood amenities.
Key Highlights
- Two one‑bedroom apartments, each with a separate heating system
- Commercial storefront to be delivered vacant
- Full basement
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
$114,850
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
8.90%
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%
$2,297,000
$2.3M
Cap Rate 7%
$1,640,714
$1.6M
Cap Rate 9%
$1,276,111
$1.3M
Market Conditions
NOI Build-Up for 3,762 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
$213.1K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$208.8K $55.51/SF
− OpEx
−$94.0K −$24.98/SF
NOI
$114.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$2,297,000
Cap Rate 7%
$1,640,714
Cap Rate 9%
$1,276,111
Alternative Uses
Best Use
Retail
$2.58M
$2.26M – $3.01M
NOI $180,405 @ 7.0% cap · market cap 13.98%
Second Best
Mixed Use
$1.95M
$1.71M – $2.28M
NOI $136,561 @ 7.0% cap · market cap 10.59%
Theoretical Best
Specialty Retail
$3.11M
$2.73M – $3.63M
NOI $218,046 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,155
Businesses Nearby
206k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Groceries 23%
Apparel 15%
Dining 7%
Food Way
Groceries
29,449 visits/mo
0.4 miles
Exxon
Shops & Services
23,516 visits/mo
0.4 miles
Key Food
Groceries
17,150 visits/mo
0.4 miles
Five Below
Shops & Services
17,012 visits/mo
0.4 miles
MadRag
Apparel
15,612 visits/mo
0.3 miles
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The storefront will be delivered vacant, alongside two one-bedroom apartments with separate heating systems.
Where is this mixed-use property located?
The property is located at 5805 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Two one‑bedroom apartments, each with a separate heating system; Commercial storefront to be delivered vacant; Full basement
