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 Market175
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
(718) 439-1110
Listed By:
Christopher J. Calabrese · License #10311208254
Source:
Crexi
Added: Feb 28
Changed: Aug 15
Last Checked: Aug 14 at 6:05AM
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 = 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
$210,375
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
7.01%
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%
$4,207,500
$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
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
$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 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%
$4,207,500
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
Property Profile
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
Questions? Ask Rey
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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.
