Mixed-Use Building in Bay
For Sale
Contact for pricing
Pending
7612 5th Avenue, New York, NY 11209
Mixed-use building with retail and apartments in prime location.
Property Size6,600 SF
Lot Size0.11 Acres
Days on Market223
Property Features for 7612 5th Avenue
General Information
Standard status
Pending
Size
6,600 SF
Total Parking Spaces
2
Lot size
0.11 Acres
Property subtype
Mixed Use
Zoning
C1-3 / R6B
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Owner/User
Net Operating Income
$126,051
Building Details
Year Built
1931
Buildings
1
Stories
3
Units
3
Listing Agency:
The CS Organization
Listed By:
Christopher J. Calabrese · License #10311208254
(718) 439-1110
Source:
Crexi
Added: Feb 28
Changed: Oct 2
Last Checked: Oct 7 at 9:41AM
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 The CS Organization
Investment Insights
Based on property information with market context.
This mixed-use building, constructed in 1931, is located on 5th Avenue in Bay Ridge. The property features two apartments situated above a large retail space. The building has a total area of 6,600 square feet and sits on a 4,600 square foot lot. Zoned R6B/C1-3, the property is located along a commercial corridor with high foot traffic, strong visibility, and high traffic count. Its central location provides access to public transportation. The building is located in a submarket of Southern Brooklyn with demand for retail and commercial uses, presenting an opportunity for owner-users or investors.
Key Highlights
- Expansive retail component in a mixed‑use building.
- Located on a high‑traffic commercial corridor in Bay Ridge.
- Large 4,600 SF lot size.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$210,375
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,207,500
$4.2M
Cap Rate 7%
$3,005,357
$3.0M
Cap Rate 9%
$2,337,500
$2.3M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$396.0K $60.00/SF
− Vacancy
−$59.4K −$9.00/SF
EGI
$336.6K $51.00/SF
− OpEx
−$126.2K −$19.13/SF
NOI
$210.4K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,207,500
Cap Rate 7%
$3,005,357
Cap Rate 9%
$2,337,500
Alternative Uses
Best Use
Mixed Use
$3.01M
$2.63M – $3.51M
NOI $210,375 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$16.43M
$14.37M – $19.17M
NOI $1,149,984 @ 7.0% cap · market cap 38.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with retail and apartments in prime location.
Where is this mixed-use property located?
The property is located at 7612 5th Avenue New York, 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: Expansive retail component in a mixed‑use building.; Located on a high‑traffic commercial corridor in Bay Ridge.; Large 4,600 SF lot size.
