Mixed-Use Corner Apartment
7823 5th Avenue Brooklyn, NY 11209
For Sale
$4,399,999
COMMERCIAL - Other - Brooklyn, NY
Property Size6,000 SF
Lot Size0.08 Acres
Price / SF$733.33
Days on Market167
Property Features for 7823 5th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
15
Rooms
Bathroom 4, Bathroom 11, Bathroom 13, Bathroom 3, Bathroom 14, Bathroom 6, Bathroom 9, Bathroom 5, Bathroom 10, Bathroom 8, Bathroom 12, Bathroom 15, Bathroom 2, Bathroom 7, Bathroom 1
Security features
Security System
Standard status
Active
Lot size
0.08 Acres
Utilities
Heating system
Natural Gas, Steam
Water source
Public
Building Details
Year built
1925
Floors in Building
4
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
BELLA REALTY CORP OF NY
Listed By:
John Candela
Added: Feb 11
Changed: Jul 11
Last Checked: Jul 28 at 12:06AM
MLS# 11659306
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use corner property features 12 residential units and a large ground-floor storefront with a full basement. The residential mix includes 8 stabilized units and 4 free-market units, consisting of eight one-bedrooms and four two-bedrooms. The ground-floor retail space is approximately 3,000 square feet, with an additional full basement area also approximately 3,000 square feet.
Located in Bay Ridge along 5th Avenue, the building is described as having corner frontage intended to support strong visibility. Public remarks note heavy pedestrian and vehicle traffic in the area, and the property is positioned as part of an established retail corridor.
For buyers or operators seeking an income-producing structure with both residential and retail components, the property offers on-site diversification through apartments above and storefront space below. The commercial space is noted as recently vacated, creating the opportunity for a new owner to lease the retail area. The building’s configuration and ground-level access can support a range of neighborhood-oriented retail concepts, while the residential units provide an additional revenue stream within the same asset.
Located in Bay Ridge along 5th Avenue, the building is described as having corner frontage intended to support strong visibility. Public remarks note heavy pedestrian and vehicle traffic in the area, and the property is positioned as part of an established retail corridor.
For buyers or operators seeking an income-producing structure with both residential and retail components, the property offers on-site diversification through apartments above and storefront space below. The commercial space is noted as recently vacated, creating the opportunity for a new owner to lease the retail area. The building’s configuration and ground-level access can support a range of neighborhood-oriented retail concepts, while the residential units provide an additional revenue stream within the same asset.
Key Highlights
- 12‑family mixed‑use corner building with ground‑floor retail in Bay Ridge (8 stabilized/4 free market units)
- Includes approx. 3,000 SF ground‑floor retail plus approx. 3,000 SF full basement
- Unit mix: 8 one‑bedrooms and 4 two‑bedrooms
Financial Insights For Retail
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 | $466.6k | $77.76 |
| − Vacancy | −$55.5k | −$9.25 |
| EGI | $411.0k | $68.51 |
| − OpEx | −$123.3k | −$20.55 |
| NOI | $287.7k | $47.95 |
6,000 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.11M
$3.60M – $4.80M
NOI $287,728 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$2.62M
$2.29M – $3.05M
NOI $183,174 @ 7.0% cap · market cap 4.16%
Theoretical Best
Specialty Retail
$4.97M
$4.35M – $5.80M
NOI $347,760 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Corner building with 12 apartments plus a large ground-floor retail space and full basement for income-oriented use.
Where is this apartment building located?
The property is located at 7823 5th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,399,999.
What are key features of this property?
This property features: 12‑family mixed‑use corner building with ground‑floor retail in Bay Ridge (8 stabilized/4 free market units); Includes approx. 3,000 SF ground‑floor retail plus approx. 3,000 SF full basement; Unit mix: 8 one‑bedrooms and 4 two‑bedrooms
