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    5901 7Th Ave Brooklyn, NY 11220

    For Lease
    $37 SF/Yr ($14,999 /Mo)

    Spacious 3-story office, ideal location.

    Lot size:
    4,841 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4,841 square foot office building, located at 5901 7th Avenue in Brooklyn, NY 11220, presents a unique investment opportunity. Built in 1922, this three-story single-tenant property sits on a 1,614 square foot lot. The building's convenient location at the corner of 7th Avenue and 59th Street offers excellent visibility and accessibility. Recent renovations have modernized 900 square feet of the space. The property benefits from its proximity to a variety of amenities, including restaurants, supermarkets, and pharmacies, ensuring convenience for both employees and clients. The area boasts excellent public transportation, making commuting easy. This is a rare chance to establish a business in a thriving Brooklyn neighborhood. The property's size and location make it suitable for a wide range of businesses seeking a prominent presence in a high-traffic area. The single-tenant occupancy simplifies management and provides a stable income stream. Don't miss this opportunity to secure a prime commercial space in a rapidly developing area of Brooklyn.

    Property Features for 5901 7Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,841 SF
    Total Rate
    14999.03

    Building Details

    Year Built
    1922
    Stories
    3

    Unit(s) available at that property

    Space
    5901 7th Avenue
    Size
    4,841 SF
    Rate per SF
    $37

    HighLights

    • 4,841 SF office building in Brooklyn, NY.
    • Three‑story, single‑tenant property on a 1,614 SF lot.
    • Located at 59th Street & 7th Avenue, offering high visibility and accessibility.
    • 900 SF recently renovated.
    • Excellent location near amenities and public transportation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eyes On 8th Eye Care Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings (Brooklyn)
    State
    New York
    Longitude
    -74.0110495
    Latitude
    40.637216

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    FAQs

    What type of property is this?
    Office Property / Space - Spacious 3-story office, ideal location.
    Where is this office property / space located?
    The property is located at 5901 7Th Ave Brooklyn, NY.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: 4,841 SF office building in Brooklyn, NY.; Three-story, single-tenant property on a 1,614 SF lot.; Located at 59th Street & 7th Avenue, offering high visibility and accessibility.
    Request Owner's contact information
    5901 7Th Ave Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    5901 7Th Ave Brooklyn, NY 11220
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