Side-by-Side Mixed-Use
7127-7129 5th Ave, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property size:
7,200 SFLot size:
0.09 AcresPrice / SF:
$541/SF- Added:
- May 7, 2026
- Days on Market:
- 58
- Last Refresh:
- Jul 3 at 12:06 pm
Property Features for 7127-7129 5th Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 14
- Bathrooms
- 14
- Rooms
- Bathroom 9, Bedroom 10, Bathroom 8, Bedroom 13, Bedroom 12, Bathroom 2, Bedroom 9, Bathroom 6, Bedroom 11, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 11, Bathroom 1, Bedroom 6, Bathroom 4, Bathroom 14, Bathroom 10, Bathroom 13, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 8, Bathroom 5, Bathroom 7, Bedroom 3, Bathroom 12, Bedroom 14
- Standard status
- Active
- 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
Building Details
- Year built
- 1907
- Floors in Building
- 4
- Flooring type
- Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Vito Angelo License #40AN0957928 (718) 887-5708
Listing office REMAX REAL ESTATE PROFESSIONALS 6423 11th AVE, BROOKLYN, NY (718) 887-5708
Listing date May 7, 2026
MLS# 11742021
Listing URL
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.
HighLights
- Two side‑by‑side mixed‑use buildings at 7127 and 7129 5th Ave: 14 residential units and 2 commercial spaces total
- Each building features 7 one‑bedroom apartments plus 1 commercial space (7/1 per building)
- Current commercial tenants include a doctor’s office and a jewelry store
- Residential units renovated with modern finishes; common areas and utilities updated within the last 5 years
- 1907 construction with brick exterior, hardwood flooring, flat roof; heated with steam and natural gas
- Spacious basement includes bike storage and potential for additional cubicles; 2B tax class noted
Overview
This for-sale package offers two side-by-side mixed-use buildings on 5th Avenue in Bay Ridge, Brooklyn. Each building contains seven one-bedroom residential apartments and one commercial space, for a total of 14 one-bedroom units and two commercial suites. The residential units have been renovated with modern finishes, and the common areas and utilities have been updated within the last five years. A spacious basement provides room for bike storage and/or cubicles, supporting additional operational flexibility.
The property is positioned on 5th Avenue and benefits from nearby neighborhood destinations and parks listed in the remarks, including Lief Erickson Park, McKinley Park, and Owl’s Head Park. It is also described as well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, along with easy access to the Gowanus Expressway and Belt Parkway. The 2B tax class is noted as limiting tax increases.
Commercial occupancy is in place with one doctor’s office and one jewelry store. The residential composition and recent updates may appeal to buyers seeking a turnkey mixed-use portfolio with both income-producing apartments and separate commercial tenants, offered as a package sale for 7127 and 7129 5th Ave.
The property is positioned on 5th Avenue and benefits from nearby neighborhood destinations and parks listed in the remarks, including Lief Erickson Park, McKinley Park, and Owl’s Head Park. It is also described as well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, along with easy access to the Gowanus Expressway and Belt Parkway. The 2B tax class is noted as limiting tax increases.
Commercial occupancy is in place with one doctor’s office and one jewelry store. The residential composition and recent updates may appeal to buyers seeking a turnkey mixed-use portfolio with both income-producing apartments and separate commercial tenants, offered as a package sale for 7127 and 7129 5th Ave.
Local Financial Insights For Retail
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 | $559.9k | $77.76 |
| − Vacancy | −$66.6k | −$9.25 |
| EGI | $493.2k | $68.51 |
| − OpEx | −$148.0k | −$20.55 |
| NOI | $345.3k | $47.95 |
7,200 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.93M
$4.32M – $5.75M
NOI $345,273 @ 7.0% cap · market cap 8.86%
Second Best
Mixed Use
$3.73M
$3.27M – $4.36M
NOI $261,360 @ 7.0% cap · market cap 6.70%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.021424
- Latitude
- 40.631817
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two side-by-side buildings totaling 14 one-bedroom apartments and two commercial spaces.
Where is this mixed-use property 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: Two side‑by‑side mixed‑use buildings at 7127 and 7129 5th Ave: 14 residential units and 2 commercial spaces total; Each building features 7 one‑bedroom apartments plus 1 commercial space (7/1 per building); Current commercial tenants include a doctor’s office and a jewelry store
