Mixed-Use Building with
7624 5th Avenue Brooklyn, NY 11209
7624 5th Avenue, Brooklyn, NY, 11209
$1,849,000
For Sale
$1,849,000
Mixed-use building with two 2-bedroom apartments and one retail space, fully occupied on month-to-month leases.
Property Size3,655 SF
Price / SF$505.88
Days on Market78
Property Features for 7624 5th Avenue
General Information
- Standard status
- Active
- Size
- 3,655 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1931
Listing agency
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed by
John Koulouroudis · License #JAK0147
(718) 238-6080
Source
Compass
Added: May 5 Updated: Jul 20 at 11:24PM Checked: Jul 21 at 6:55AM
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 Ben Bay Realty Co of Bay Ridge
Investment Insights
Based on property information with market context.
Well maintained mixed-use building totaling 3,655 square feet, featuring two 2-bedroom apartments and one retail space. The property is fully occupied, with all tenants on a month-to-month basis, providing immediate flexibility for the next owner. Reported projected rents are $3,000 per month per apartment and $6,000 per month for the store, for total projected annual income of $144,000, with low annual expenses of $29,448.
Located at 7624 5th Avenue in Bay Ridge, the property is situated in a high foot and car traffic corridor. It is minutes from the R train, with nearby access to the B63 bus and B4 bus.
Located at 7624 5th Avenue in Bay Ridge, the property is situated in a high foot and car traffic corridor. It is minutes from the R train, with nearby access to the B63 bus and B4 bus.
Key Highlights
- Mixed‑use building totaling 3,655 SF with two 2‑bedroom apartments and one retail space
- Fully occupied with all tenants on month‑to‑month basis for immediate flexibility
- Projected rental income: $3,000/month per apartment and $6,000/month for the store (total $144,000 annually)
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 | $241.2k | $66.00 |
| − Vacancy | −$28.9k | −$7.92 |
| EGI | $212.3k | $58.08 |
| − OpEx | −$79.6k | −$21.78 |
| NOI | $132.7k | $36.30 |
3,655 SF · lease $66.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.50M
$2.19M – $2.92M
NOI $175,274 @ 7.0% cap · market cap 9.48%
Second Best
Mixed Use
$1.90M
$1.66M – $2.21M
NOI $132,677 @ 7.0% cap · market cap 7.18%
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.53M
NOI $211,844 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Party Color
Party Supply Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with two 2-bedroom apartments and one retail space, fully occupied on month-to-month leases.
Where is this mixed-use property located?
The property is located at 7624 5th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,849,000.
What are key features of this property?
This property features: Mixed‑use building totaling 3,655 SF with two 2‑bedroom apartments and one retail space; Fully occupied with all tenants on month‑to‑month basis for immediate flexibility; Projected rental income: $3,000/month per apartment and $6,000/month for the store (total $144,000 annually)
