Mixed-Use Conversion Corner
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657-665 5th Avenue, Brooklyn, NY 11215
23,400 sq ft above-grade shell and 8,975 sq ft basement on a 120' corner lot with frontage on 5th Avenue.
Property SizeContact for details
Days on Market127
Property Features for 657-665 5th Avenue
General Information
Standard status
Active
Property subtype
Mixed Use
Listing Agency:
Ariel Property Advisors
(212) 544-9500
Listed By:
Sean R. Kelly, Esq. · License #NY 10301203478
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 2:05AM
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.
The property at 657–665 5th Avenue is a mixed-use conversion opportunity featuring a 23,400 square foot above-grade shell with an 8,975 square foot basement on a 10,228 square foot lot. The site is planned to be converted into residential units above retail, with the corner building designed for 12 residential units above retail and the mid-block portion designed as a six-story building with 18 residential units above retail.
The 2nd and 3rd floors of the corner building are currently occupied. The project is planned to total 39,109 gross square feet, including 30,134 square feet above grade. The seller is also open to a tax lot partition, allowing the corner building and the mid-block portion to be sold as two separate tax lots.
The corner lot measures approximately 39' x 85' (irregular) and would total about 3,690 square feet, with approximately 9,970 buildable square feet per the plans. The mid-block lot measures approximately 81' x 85' (irregular) and totals about 6,538 square feet, with approximately 21,080 buildable square feet per the plans.
The 2nd and 3rd floors of the corner building are currently occupied. The project is planned to total 39,109 gross square feet, including 30,134 square feet above grade. The seller is also open to a tax lot partition, allowing the corner building and the mid-block portion to be sold as two separate tax lots.
The corner lot measures approximately 39' x 85' (irregular) and would total about 3,690 square feet, with approximately 9,970 buildable square feet per the plans. The mid-block lot measures approximately 81' x 85' (irregular) and totals about 6,538 square feet, with approximately 21,080 buildable square feet per the plans.
Key Highlights
- 10,228 SF lot with 120’ frontage on 5th Avenue at the southeast corner of 5th Avenue & 19th Street in South Slope, Brooklyn
- 23,400 SF above‑grade shell plus 8,975 SF basement; plans for conversion to 12 residential units above retail in the corner building
- Mid‑block portion planned as a 6‑story building with 18 units above retail
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,296
Businesses Nearby
Explore this area
Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 23,400 sq ft above-grade shell and 8,975 sq ft basement on a 120' corner lot with frontage on 5th Avenue.
Where is this mixed-use property located?
The property is located at 657-665 5th Avenue Brooklyn, NY.
What are key features of this property?
This property features: 10,228 SF lot with 120’ frontage on 5th Avenue at the southeast corner of 5th Avenue & 19th Street in South Slope, Brooklyn; 23,400 SF above‑grade shell plus 8,975 SF basement; plans for conversion to 12 residential units above retail in the corner building; Mid‑block portion planned as a 6‑story building with 18 units above retail
