Corner Mixed-Use Retail and
6823 5th Avenue Brooklyn, NY 11220
6823 5th Avenue, Brooklyn, NY, 11220
Contact for pricing
For Sale
Contact for pricing
Corner property with two retail units and two full office floors, plus a legal basement and elevator access.
Property Size9,390 SF
Lot Size0.07 Acres
Price / SF$628.33
Days on Market44
Property Features for 6823 5th Avenue
General Information
- Standard status
- Active
- Size
- 9,390 SF
- Lot size
- 0.07 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1920
Listing agency
Marcus & Millichap - Manhattan
Listed by
Saiid Boukhalfa · License #NY 30BO1115908
Source
Crexi
Added: Jun 9 Updated: Jul 21 at 3:59AM Checked: Jul 21 at 3:59AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
6823 5th Avenue is a corner mixed-use building with two retail units and two full office floors. The upper levels include 18 offices, a reception area, a kitchen, and elevator access. A legal basement with high ceilings provides additional space of approximately 3,000 square feet, not included in the stated office and retail totals.
The property is located in Bay Ridge along a busy retail corridor and is about one block from the Bay Ridge Avenue R subway station. It is zoned R6B and C1-3.
Offered 100% vacant, the building is designed to support a variety of office and retail uses and may be well suited for owner-users, investors, or redevelopment strategies within the parameters of its zoning.
The property is located in Bay Ridge along a busy retail corridor and is about one block from the Bay Ridge Avenue R subway station. It is zoned R6B and C1-3.
Offered 100% vacant, the building is designed to support a variety of office and retail uses and may be well suited for owner-users, investors, or redevelopment strategies within the parameters of its zoning.
Key Highlights
- Corner mixed‑use building with 2 retail units and 2 full office floors
- Approximately 8,979 SF total with about 6,000 SF office and 3,000 SF retail
- Upper floors include 18 offices plus reception, kitchen, and elevator access
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $473.3k | $50.40 |
| − Vacancy | −$99.4k | −$10.58 |
| EGI | $373.9k | $39.82 |
| − OpEx | −$93.5k | −$9.95 |
| NOI | $280.4k | $29.86 |
9,390 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.01M
$3.51M – $4.67M
NOI $280,404 @ 7.0% cap · market cap 4.75%
Second Best
Retail
$3.54M
$3.10M – $4.13M
NOI $247,907 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$6.09M
$5.33M – $7.10M
NOI $426,111 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Catholic Charities
Social Service Agency
Galaxy Comics II ...
(Bike/Boat/Book/etc) Store
Ccns Bensonhurst Senior ...
Social Service Agency
Maged Law Office ...
Law Firm
Brookkyn Kabab
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
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- Outdoor Plants NYC — 7811 3rd Ave #763, Brooklyn, NY 11209
- Enchanted Florist — 7515 5th Ave, Brooklyn, NY 11209
FAQs
What type of property is this?
Storefront property - Corner property with two retail units and two full office floors, plus a legal basement and elevator access.
Where is this storefront property located?
The property is located at 6823 5th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Corner mixed‑use building with 2 retail units and 2 full office floors; Approximately 8,979 SF total with about 6,000 SF office and 3,000 SF retail; Upper floors include 18 offices plus reception, kitchen, and elevator access
