Mixed-Use Building with
For Sale
$2,999,999
Pending
7612 5TH AVE, Brooklyn, NY 11209
Two apartments sit over a large retail component in a mixed-use building constructed in 1931.
Property Size6,600 SF
Days on Market222
Property Features for 7612 5TH AVE
General Information
Standard status
Pending
Size
6,600 SF
Property subtype
Mixed Use
Zoning
R6B/C1-3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,921
Amenities
Window/Wall Unit
3
2 Parking Spaces. Driveway, Shared Driveway.
Irregular
Irregular.
Building Details
Year Built
1931
Listing Agency:
CS Organization Inc
(646) 392-7038
Listed By:
Chris Calabrese
(718) 612-4699
Source:
Xome
Added: Jan 28
Changed: Sep 1
Last Checked: Sep 6 at 5:35AM
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 CS Organization Inc
Investment Insights
Based on property information with market context.
This mixed-use building in Bay Ridge offers two apartments over a uniquely expansive retail component. Constructed in 1931, the property is configured as an owner-user and/or investment building and includes both residential and commercial space within one structure.
The building is positioned along one of Bay Ridge’s most active commercial corridors, with strong visibility and reported high foot traffic. It also benefits from seamless connectivity to public transportation, supporting convenient access for retail activity.
The property is zoned R6B/C1-3, and it is situated on a 4,600 SF lot. The building spans 6,600 SF total, providing a combined residential and retail layout in one address.
The building is positioned along one of Bay Ridge’s most active commercial corridors, with strong visibility and reported high foot traffic. It also benefits from seamless connectivity to public transportation, supporting convenient access for retail activity.
The property is zoned R6B/C1-3, and it is situated on a 4,600 SF lot. The building spans 6,600 SF total, providing a combined residential and retail layout in one address.
Key Highlights
- Mixed‑use building built in 1931 with 2 apartments over a retail component
- Total building area is 6,600 SF and the property sits on a 4,600 SF lot
- Zoned R6B/C1‑3
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
$239,580
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
7.99%
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%
$4,791,600
$4.8M
Cap Rate 7%
$3,422,571
$3.4M
Cap Rate 9%
$2,662,000
$2.7M
Market Conditions
NOI Build-Up for 6,600 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
$435.6K $66.00/SF
− Vacancy
−$52.3K −$7.92/SF
EGI
$383.3K $58.08/SF
− OpEx
−$143.7K −$21.78/SF
NOI
$239.6K $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%
$4,791,600
Cap Rate 7%
$3,422,571
Cap Rate 9%
$2,662,000
Alternative Uses
Best Use
Retail
$4.52M
$3.96M – $5.28M
NOI $316,500 @ 7.0% cap · market cap 10.55%
Second Best
Mixed Use
$3.42M
$2.99M – $3.99M
NOI $239,580 @ 7.0% cap · market cap 7.99%
Theoretical Best
Specialty Retail
$5.46M
$4.78M – $6.38M
NOI $382,536 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,664
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?
Mixed-use property - Two apartments sit over a large retail component in a mixed-use building constructed in 1931.
Where is this mixed-use property located?
The property is located at 7612 5TH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Mixed‑use building built in 1931 with 2 apartments over a retail component; Total building area is 6,600 SF and the property sits on a 4,600 SF lot; Zoned R6B/C1‑3
