Mixed-Use Building with
7612 5th Ave Brooklyn, NY 11209
7612 5th Ave, Brooklyn, NY, 11209
$2,999,999
For Sale
$2,999,999
Two apartments sit over a large retail component in a mixed-use building constructed in 1931.
Property Size6,600 SF
Price / SF$454.55
Days on Market90
Property Features for 7612 5th Ave
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agency
(718) 612-4699
Listed by
Chris J. Calabrese
(718) 612-4699
Source
Elliman
Added: Apr 24 Updated: Jul 20 at 6:13PM Checked: Jul 21 at 6:11AM
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 Chris J. Calabrese
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
Local Financial Insights For Mixed Use
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 | $435.6k | $66.00 |
| − Vacancy | −$52.3k | −$7.92 |
| EGI | $383.3k | $58.08 |
| − OpEx | −$143.7k | −$21.78 |
| NOI | $239.6k | $36.30 |
6,600 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Leske's Bakery
Bakery
II Fornaretto Bakery
Bakery
Similar For Sale Nearby
FAQs
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
