Corner Apartment Building with Ground
For Sale
$4,399,999
7823 5th Avenue, Brooklyn, NY 11209
COMMERCIAL - Other - Brooklyn, NY
Property SizeContact for details
Lot Size0.08 Acres
Days on Market192
Property Features for 7823 5th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Bathrooms
15
Full bathrooms
15
Rooms
Bathroom 7, Bathroom 13, Bathroom 8, Bathroom 10, Bathroom 14, Bathroom 9, Bathroom 11, Bathroom 3, Bathroom 5, Bathroom 15, Bathroom 12, Bathroom 4, Bathroom 1, Bathroom 2, Bathroom 6
Security features
Security System
Subdivision
Bay Ridge
High school district
NEW YORK CITY GEOGRAPHIC DISTRICT #20
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 Agency:
BELLA REALTY CORP OF NY
Listed By:
John Candela
Added: Feb 11
Changed: Aug 4
Last Checked: Aug 22 at 6:06AM
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 corner apartment building offers 12 residential units configured as 8 stabilized and 4 free market units, situated over a ground-floor retail space with a full basement. The residential level features hardwood flooring, and the building is constructed of brick with a flat roof. Heating is provided by natural gas and steam, and the water source is public.
The ground-floor retail space is approximately 3,000 SF, with an additional approximately 3,000 SF full basement. The property is positioned on a corner frontage designed to capture visibility from both pedestrian and vehicle traffic.
The listing describes the commercial space as recently vacated, presenting an opportunity for a new owner to lease the retail at prevailing market rents while continuing to receive residential income. The property sits on a 0.0818-acre lot and was built in 1925.
The ground-floor retail space is approximately 3,000 SF, with an additional approximately 3,000 SF full basement. The property is positioned on a corner frontage designed to capture visibility from both pedestrian and vehicle traffic.
The listing describes the commercial space as recently vacated, presenting an opportunity for a new owner to lease the retail at prevailing market rents while continuing to receive residential income. The property sits on a 0.0818-acre lot and was built in 1925.
Key Highlights
- 12‑family building: 8 stabilized units and 4 free market units
- Brick construction with hardwood flooring and flat roof
- Ground‑floor retail space of approx. 3,000 SF
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,240
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12-family mixed-use corner building with ground-floor retail and a full basement, built in 1925.
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 building: 8 stabilized units and 4 free market units; Brick construction with hardwood flooring and flat roof; Ground‑floor retail space of approx. 3,000 SF
