Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    453 5Th Ave Brooklyn, NY 11215

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,000 SF Retail Space - Available Now

    Lot size:
    6,000 SF

    Property Features for 453 5Th Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF

    Spaces For Lease

    at 453 5Th Ave, Brooklyn, NY 11215 Contact us

    We can help!

    Listing Contact
    George Skaliarinis
    George Skaliarinis

    Listing Agency: Kassin Sabbagh Realty (KSR) Listing Agent: George Skaliarinis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 6,000-square-foot retail space is ideally situated at 453 5th Avenue in the vibrant Brooklyn, New York, neighborhood, zip code 11215. The property offers a single-tenant occupancy opportunity, providing a blank canvas for a wide range of retail businesses. With its generous 6,000 square feet of entirely vacant space, this property presents a unique chance to establish a significant retail presence in a bustling area. The building's total square footage is also 6,000 square feet, meaning the entire building is available for lease. This presents a rare opportunity for a business seeking a prominent and expansive location. The property's address is strategically located at 453 5th Avenue, offering excellent visibility and accessibility for customers. Its location in Brooklyn, NY, places it within a dynamic and densely populated area with high foot traffic and strong consumer demand. The property is classified as commercial retail, making it suitable for a variety of retail concepts. This turnkey space is ready for immediate occupancy, allowing businesses to quickly establish their operations and begin generating revenue. The property's geographic coordinates are 40.6689825 latitude and -73.9866082 longitude, providing precise location information for potential tenants. This is a rare opportunity to secure a substantial retail space in a prime Brooklyn location. Contact us today to schedule a viewing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Park Slope House ... Painting Service

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9866082
    Latitude
    40.6689825

    Nearby Similar for Lease

    • $5,450 /Mo
      3,000 SF

      Midwood Medical Office Space Available

      Medical office space for rent in the heart of Midwood.
      2000 Kings Hwy, Brooklyn, NY 11229
      View Details
    • $4,950 /Mo
      3,001 SF

      Professional Office Space in Brooklyn

      High-end, ready-to-move-in office space near Kings Highway.
      1718 E 17Th St, Brooklyn, NY 11229
      View Details
    • $39,000
      14,500 SF

      Prime Bensonhurst Commercial Space Available

      Massive commercial space in high-traffic area with flexible layout.
      1857 86Th St, Brooklyn, NY 11214
      View Details
    • New
      $3,500 /Mo
      750 SF

      Turn-Key Dental Office in Brooklyn

      Fully equipped dental office with existing business in Bay Ridge.
      14 Bay Ridge Pl, Brooklyn, NY 11209
      View Details
    • $4,500 /Mo
      1,200 SF

      Functional Medical Office in Brooklyn

      Prime medical office space in a highly visible Brooklyn location.
      364 97Th St, Brooklyn, NY 11209
      View Details
    • New
      $16,000 /Mo
      6,000 SF

      Brooklyn Office Space For Lease

      6,000 SF office space in Sunset Park, Brooklyn.
      813 63Rd St, Brooklyn, NY 11220
      View Details
    • $6,400 /Mo
      1,600 SF

      Red Hook Corner Commercial Space

      Unique retail/flex space in Red Hook's thriving corridor.
      251 Van Brunt St, Brooklyn, NY 11231
      View Details
    • $5,650 /Mo
      1,200 SF

      Adaptable Retail + Creative Space

      Corner retail and creative space in East Williamsburg, Brooklyn.
      282 Scholes St, Brooklyn, NY 11206
      View Details
    • $4,995 /Mo
      1,000 SF

      Charming Brooklyn Office Space

      Spacious 2.5BR office with updated kitchen and luxurious bathroom.
      351 7Th Ave, Brooklyn, NY 11215
      View Details
    • $6,500 /Mo
      2,500 SF

      Brooklyn Commercial Building for Lease

      2,500 SF commercial building in trendy Bushwick location.
      407 Johnson Ave, Brooklyn, NY 11206
      View Details
    • $8,000 /Mo
      4,153 SF

      Williamsburg Mixed-Use Commercial Space

      4,153 SF space ideal for fitness, wellness, or medical.
      467 Keap St, Brooklyn, NY 11211
      View Details
    • $3,750 /Mo
      800 SF

      Clinton Hill Carriagehouse Loft

      Unique 800 SF live/work loft in Brooklyn carriagehouse.
      294 Grand Ave, Brooklyn, NY 11238
      View Details

    FAQs

    What type of property is this?
    Retail property - 6,000 SF Retail Space - Available Now
    Where is this retail property located?
    The property is located at 453 5Th Ave Brooklyn, NY.
    What are key features of this property?
    This property features: Chipotle and Panda Express are co-tenants in this brand-new development.; ICAP tax abatement is in effect.; The property is directly adjacent to the 4th Ave/9th St/7th Ave subway station.
    (212) 417-9217 Call to check price and availability
    Request Owner's contact information
    453 5Th Ave Brooklyn, NY 11215
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    453 5Th Ave
    Brooklyn, NY 11215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    453 5Th Ave Brooklyn, NY 11215
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Skaliarinis
    George Skaliarinis
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!