Mixed-Use Corner Apartment
7823 5th Avenue, Brooklyn, NY 11209
COMMERCIAL - Other - Brooklyn, NY
Property size:
6,000 SFLot size:
0.08 AcresPrice / SF:
$733/SF- Added:
- Feb 11, 2026
- Days on Market:
- 145
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 7823 5th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 15
- Rooms
- Bathroom 7, Bathroom 2, Bathroom 6, Bathroom 14, Bathroom 4, Bathroom 13, Bathroom 12, Bathroom 5, Bathroom 10, Bathroom 15, Bathroom 9, Bathroom 3, Bathroom 11, Bathroom 1, Bathroom 8
- Security features
- Security System
- Standard status
- Active
- Lot size
- 0.08 Acres
Utilities
- Heating system
- Steam, Natural Gas
- 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 agent John Candela
Listing office BELLA REALTY CORP OF NY 8226 5th Avenue, BROOKLYN, NY
Listing date Feb 11, 2026
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.
HighLights
- 12‑family mixed‑use building: 8 stabilized residential units and 4 free‑market units
- Unit mix includes 8 one‑bedrooms and 4 two‑bedrooms
- Ground‑floor retail space with approx. 3,000 SF
- Full basement with approx. 3,000 SF
- Corner building at 7823–7825 5th Avenue (a.k.a. 509 79th Street), Brooklyn, NY 11209
- Brick building with hardwood flooring; steam and natural gas heating; flat roof; public water
Overview
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.
Local 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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Sherwin-Williams Paint Store
Wallpaper Store
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.02359
- Latitude
- 40.626503
Nearby Similar for Sale
FAQs
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 building: 8 stabilized residential units and 4 free‑market units; Unit mix includes 8 one‑bedrooms and 4 two‑bedrooms; Ground‑floor retail space with approx. 3,000 SF
