Side-by-Side Mixed-Use Apartment
For Sale
$3,899,000
Pending
7127-7129 5th Ave, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property Size7,200 SF
Lot Size0.09 Acres
Days on Market104
Property Features for 7127-7129 5th Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed Use
Bedrooms
14
Bathrooms
14
Full bathrooms
14
Rooms
Bathroom 7, Bathroom 14, Bathroom 11, Bedroom 5, Bathroom 6, Bedroom 4, Bathroom 2, Bathroom 13, Bathroom 10, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 6, Bathroom 12, Bedroom 13, Bedroom 8, Bathroom 3, Bathroom 4, Bathroom 9, Bedroom 9, Bedroom 11, Bathroom 1, Bedroom 3, Bedroom 12, Bedroom 14, Bedroom 7, Bedroom 10, Bathroom 8
Subdivision
Park Slope
View
City
Standard status
Pending
Size
7,200 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
53555
Utilities
Heating system
Steam, Natural Gas
Amenities
bike storage
Building Details
Year built
1907
Floors in Building
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: May 7
Changed: Aug 4
Last Checked: Aug 18 at 2:06PM
MLS# 11742021
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Two mixed-use side-by-side apartment buildings for sale in Brooklyn. Each building features 7 one-bedroom apartments and 1 commercial space, for a total of 14 residential and 2 commercial spaces. The residential units have been renovated with modern finishes and amenities. Common areas and utilities have been updated within the last 5 years, and the spacious basement offers room for bike storage and/or cubicals. Construction is brick with hardwood flooring, and heating is provided by steam and natural gas. The roof is flat. The property benefits from a 2B tax class that limits tax increases.
The buildings are offered as a package deal including 7127 and 7129 5th Ave. The commercial tenants include a doctor’s office and a jewelry store. The location provides access to nearby neighborhood attractions and parks, and is served by the Bay Ridge Avenue R train station and the B63 bus route. Major highway access is also available via the Gowanus Expressway and Belt Parkway.
The buildings are offered as a package deal including 7127 and 7129 5th Ave. The commercial tenants include a doctor’s office and a jewelry store. The location provides access to nearby neighborhood attractions and parks, and is served by the Bay Ridge Avenue R train station and the B63 bus route. Major highway access is also available via the Gowanus Expressway and Belt Parkway.
Key Highlights
- Package deal: 7127 and 7129 5th Ave
- Each building has 7 one‑bedroom apartments and 1 commercial space, totaling 14 residential and 2 commercial
- Residential units renovated; common areas and utilities updated within the last 5 years
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
$219,809
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
5.64%
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%
$4,396,180
$4.4M
Cap Rate 7%
$3,140,129
$3.1M
Cap Rate 9%
$2,442,322
$2.4M
Market Conditions
NOI Build-Up for 7,200 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
$407.8K $56.64/SF
− Vacancy
−$8.2K −$1.13/SF
EGI
$399.7K $55.51/SF
− OpEx
−$179.8K −$24.98/SF
NOI
$219.8K $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%
$4,396,180
Cap Rate 7%
$3,140,129
Cap Rate 9%
$2,442,322
Alternative Uses
Best Use
Apartment 5plus
$3.14M
$2.75M – $3.66M
NOI $219,809 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.96M
$5.22M – $6.96M
NOI $417,312 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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?
Apartment building - Two side-by-side buildings each offer 7 one-bedroom apartments and 1 commercial space, with updated common areas and utilities.
Where is this apartment building located?
The property is located at 7127-7129 5th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,899,000.
What are key features of this property?
This property features: Package deal: 7127 and 7129 5th Ave; Each building has 7 one‑bedroom apartments and 1 commercial space, totaling 14 residential and 2 commercial; Residential units renovated; common areas and utilities updated within the last 5 years
