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    120 5Th Ave Brooklyn, NY 11217

    Sponsored
    For Lease
    Contact for pricing

    Spacious suites, ideal for medical practices.

    Lot size:
    29,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    120 5th Avenue in Brooklyn, NY, presents a remarkable opportunity for medical professionals seeking versatile and expansive office space. This mixed-use building, totaling 29,400 square feet, offers five individual suites, with a significant 26,400 square feet currently available for lease. The property is categorized as retail, office, and restaurant space, making it suitable for a variety of medical-related businesses. Individual suites range from a minimum of 3,455 square feet to a maximum contiguous space of 8,501 square feet, providing flexibility for practices of various sizes. Located in the vibrant Kings County, at 120 5th Avenue, zip code 11217, this property boasts a prime location with excellent visibility and accessibility. The multiple tenancy structure allows for a diverse community of medical professionals, fostering collaboration and networking opportunities. This is an exceptional chance to establish or expand a medical practice in a thriving Brooklyn neighborhood. The substantial vacant space presents a unique opportunity to customize the layout and design to perfectly suit your specific needs and operational requirements. Don't miss this chance to secure your ideal medical office space in a dynamic and convenient location.

    Property Features for 120 5Th Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,400 SF

    Unit(s) available at that property

    Space
    Retail C
    Size
    3,484 SF
    Space
    Retail B
    Size
    3,455 SF
    Space
    Retail E
    Size
    7,098 SF
    Space
    Retail F
    Size
    3,862 SF
    Space
    Retail E - Lower Level
    Size
    8,501 SF

    HighLights

    • Join newly leased CVS and Lidl!
    • Seeking all retail users.
    • Dedicated loading and on‑site parking.
    • Dedicated storage available.
    • Additional square footage available for larger tenants.
    • Located in a desirable Park Slope retail corridor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9789206
    Latitude
    40.6793355

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    FAQs

    What type of property is this?
    Restaurant - Spacious suites, ideal for medical practices.
    Where is this restaurant located?
    The property is located at 120 5Th Ave Brooklyn, NY.
    What are key features of this property?
    This property features: Join newly leased CVS and Lidl!; Seeking all retail users.; Dedicated loading and on-site parking.
    Request Owner's contact information
    120 5Th Ave Brooklyn, NY 11217
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    Brooklyn, NY 11217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 5Th Ave Brooklyn, NY 11217
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