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    5803 7Th Ave Brooklyn, NY 11220

    Sponsored
    For Sale
    $100,000

    Prime 2,700 SF lot, 7th Ave, Brooklyn.

    Property size:
    1,620 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial land parcel, located at 5803 7th Avenue, 1st Floor, Brooklyn, NY 11220, presents a unique investment opportunity. The 2,700 square foot lot is situated in a prime location at the intersection of 7th Avenue and 58th Street. Currently improved with a 2,300 square foot building, previously occupied by a beauty school and salon, this property offers significant potential for redevelopment or continued operation under a new lease. The existing tenant is under a three-year lease with a five-year option, featuring a 3% annual rent increase. The landlord is prepared to execute a new lease agreement with a qualified buyer. The property's total square footage is 1,620 square feet, with a ceiling height specified as "Other." This property is ideal for investors seeking a strong foothold in a vibrant Brooklyn commercial district. The address is easily accessible and benefits from high visibility due to its location on a major thoroughfare. The existing lease provides immediate income potential, while the property's size and location offer considerable long-term growth prospects. Serious inquiries are encouraged.

    Property Features for 5803 7Th Ave

    General Information

    Property type
    Land
    Square Feet
    1,620 SF

    HighLights

    • $100,000 asking price for commercial land.
    • 1,620 square feet building on a 2,700 square foot lot.
    • Located at 5803 7th Avenue, 1st Floor, Brooklyn, NY 11220.
    • Commercial land zoned for other uses.
    • Currently occupied by a beauty school and salon with a 3‑year lease remaining, plus a 5‑year option with 3% annual rent increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Goodie Baggie Shop Gift Shop Total Care Medical ... Medical Office Health Depot Pharmacy Pharmacy iSmart Music Center云乐艺校 Music School Dr. Wei Wang, ... Family Practice Physician

    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
    -74.0105182
    Latitude
    40.6377895

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    FAQs

    What type of property is this?
    Land - Prime 2,700 SF lot, 7th Ave, Brooklyn.
    Where is this land located?
    The property is located at 5803 7Th Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: $100,000 asking price for commercial land.; 1,620 square feet building on a 2,700 square foot lot.; Located at 5803 7th Avenue, 1st Floor, Brooklyn, NY 11220.
    Request Owner's contact information
    5803 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
    5803 7Th Ave Brooklyn, NY 11220
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