8425 5Th Ave Brooklyn, NY 11209
- Retail residential properties
- 8,548 SF
- 0.07 lot acres
Current Use by Public Records
- Retail residential properties
Property Details for 8425 5Th Ave
- Year built
- 1924
- Lot size
- 0.07 lot acres
- Property size
- 8,548 SF
- Zone code
- R6B
- Property type
- Retail residential properties
- APN
- 06027-0001
- APU
- 60270001
Description
This exceptional commercial property, located at 8425 5th Avenue in Brooklyn's desirable Bay Ridge neighborhood, presents a unique investment opportunity. The single-tenant space totals 1,000 square feet, situated on a 2,870 square foot lot. Built in 1924, the building has been renovated and is currently configured as a retail space, featuring 8-10 foot ceilings. The property includes a convenient bathroom for both staff and customers, and is equipped with air conditioning. Its prime location offers unparalleled access to the vibrant businesses along 5th Avenue and 86th Street, providing high visibility and foot traffic. Nearby amenities include P.S./I.S. 104, Tom McDonald Triangle, and Dan Ross Playground. Commuting is a breeze with easy access to multiple bus lines (B1, B4, B16, B53, B63, and S79-SBS), the 86th Street R train station, and the Gowanus Expressway. This turn-key property is ready for immediate occupancy and presents a fantastic opportunity for a variety of retail or office uses. The property is located in Kings County (Brooklyn), New York, zip code 11209.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $430,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $445,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $465,000
- Geo Method
- $470,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $385,000
- Mixed-Use
- $485,000
- Hospitality
- $465,000
- Educational
- $435,000
- Residential Income
- $520,000
- Energy
- $375,000
- Income-Based Land
- $450,000
- Food Service
- $390,000
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.0253
- Latitude
- 40.6221
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA