Two-Building Apartment
For Sale
$3,899,000
Pending
7127-7129 5th Ave, Brooklyn, NY 11209
Residential Income, Brooklyn, NY
Property Size7,200 SF
Lot Size0.09 Acres
Days on Market150
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 2, Bedroom 13, Bedroom 9, Bedroom 11, Bedroom 14, Bedroom 10, Bathroom 8, Bedroom 12, Bathroom 7, Bathroom 4, Bathroom 6, Bathroom 10, Bathroom 1, Bedroom 8, Bedroom 5, Bedroom 6, Bathroom 12, Bedroom 2, Bedroom 3, Bathroom 13, Bathroom 5, Bathroom 11, Bathroom 3, Bathroom 14, Bedroom 1, Bathroom 9, Bedroom 7, Bedroom 4
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
Natural Gas, Steam
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 #VITLO524
(718) 532-2000
Added: May 7
Changed: Sep 17
Last Checked: Oct 2 at 11:06PM
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.
This package includes two adjacent mixed-use buildings at 7127 and 7129 5th Ave, totaling 7,200 square feet on 0.0918 acres. Together, the properties contain 14 one-bedroom apartments and 2 commercial spaces, with 7 apartments and 1 commercial space in each building. The residential units feature modern renovations, while common areas and utilities were updated within the last 5 years. Brick construction, hardwood flooring, natural gas and steam heat, and flat roofs are among the existing building features. A spacious basement provides bike storage and cubicle space.
The commercial spaces are occupied by a doctor's office and a jewelry store. The properties carry a 2B Tax Class, which limits tax increases. The package is positioned along 5th Avenue in Bay Ridge, near Bay Ridge Avenue R train station, the B63 bus route, Gowanus Expressway, Belt Parkway, neighborhood parks, and nearby retail and dining destinations.
The commercial spaces are occupied by a doctor's office and a jewelry store. The properties carry a 2B Tax Class, which limits tax increases. The package is positioned along 5th Avenue in Bay Ridge, near Bay Ridge Avenue R train station, the B63 bus route, Gowanus Expressway, Belt Parkway, neighborhood parks, and nearby retail and dining destinations.
Key Highlights
- 14 one‑bedroom apartments and 2 commercial spaces across two buildings
- 7,200 square feet on 0.0918 acres
- Renovated residential units with 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
$261,360
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
6.70%
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%
$5,227,200
$5.2M
Cap Rate 7%
$3,733,714
$3.7M
Cap Rate 9%
$2,904,000
$2.9M
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
$475.2K $66.00/SF
− Vacancy
−$57.0K −$7.92/SF
EGI
$418.2K $58.08/SF
− OpEx
−$156.8K −$21.78/SF
NOI
$261.4K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
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%
$5,227,200
Cap Rate 7%
$3,733,714
Cap Rate 9%
$2,904,000
Alternative Uses
Best Use
Mixed Use
$3.73M
$3.27M – $4.36M
NOI $261,360 @ 7.0% cap · market cap 6.70%
Second Best
Apartment 5plus
$3.14M
$2.75M – $3.66M
NOI $219,809 @ 7.0% cap · market cap 5.64%
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
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Open Analytics
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,260
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Mixed-use buildings combine renovated residences, commercial spaces, and updated common areas near neighborhood parks and transit.
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: 14 one‑bedroom apartments and 2 commercial spaces across two buildings; 7,200 square feet on 0.0918 acres; Renovated residential units with common areas and utilities updated within the last 5 years
