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    5913 Avenue Brooklyn, NY 11234

    Sponsored
    For Sale
    $4,500,000

    Two-Building Retail/Office Complex, High ROI

    Property size:
    11,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a prime commercial property located in the vibrant Mill Basin section of Brooklyn, New York. The property, encompassing 5913-5915 Avenue N and 2372-2374-2376-2378-2380 Ralph Avenue, comprises two buildings totaling 11,295 square feet, situated on a substantial 15,295 square foot lot. The buildings feature a mix of retail spaces and two large second-floor offices, currently generating a net annual rent roll of approximately $199,389. The property also includes a 4,000 square foot parking lot, providing ample parking for tenants and customers. This package sale includes six retail stores and the two upper-level offices. The property boasts a recently installed rubber roof with a 15-year warranty, minimizing future maintenance concerns. Built in 1939, the single-story buildings offer a unique blend of character and modern functionality. The property's location in the bustling Mill Basin area ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a strong return on investment. The asking price for this exceptional commercial property is $4,500,000. This is a package sale only, including all retail stores, the medical building, and the parking lot. Ceiling heights are noted as "Other" in the property records. The property consists of two units.

    Property Features for 5913 Avenue

    General Information

    Property type
    Restaurants
    Square Feet
    11,295 SF

    Building Details

    Year Built
    1939
    Buildings
    2
    Stories
    1
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Little Lu Bella ... Children'S Clothing Store Xony Beauty and Wellness Health And Beauty Shop Lux Lash Lounge Hair Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -73.9178131
    Latitude
    40.6196382

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    FAQs

    What type of property is this?
    Restaurant - Two-Building Retail/Office Complex, High ROI
    Where is this restaurant located?
    The property is located at 5913 Avenue Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    Request Owner's contact information
    5913 Avenue Brooklyn, NY 11234
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    Brooklyn, NY 11234
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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
    5913 Avenue Brooklyn, NY 11234
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