Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    5803 7Th Ave Brooklyn, NY 11220

    • Office buildings
    • 13,145 SF
    • 0.06 lot acres
    For Sale
    View listing
    $100,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1630484
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

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

    Property Details for 5803 7Th Ave

    Year built
    1917
    Lot size
    0.06 lot acres
    Property size
    13,145 SF
    Zone code
    R7A
    Property type
    Office buildings
    APN
    00858-0010
    APU
    8580010

    Description

    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.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.0104
    Latitude
    40.6377
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $117,783
    $91,350
    $1,189,350
    $1,280,700
    -
    $203,000
    $2,643,000
    $2,846,000

    Comparable in this City

    • Value Estimation by Request
      24,399 SF

      5423 8th Ave

      OFFICE BUILDING (MULTI-STORY) • 24,399 SF
      5423 8th Ave, Brooklyn, NY 11220-3984
      View Details
    • Value Estimation
      $235,000
      360 SF

      512 55th St

      OFFICE BUILDING (MULTI-STORY) • 360 SF
      512 55th St, Brooklyn, NY 11220-3109
      View Details
    • Value Estimation
      $2,725,000
      8,390 SF

      821 59th St

      OFFICE BUILDING (MULTI-STORY) • 8,390 SF
      821 59th St, Brooklyn, NY 11220-3611
      View Details
    • Value Estimation
      $1,100,000
      33,181 SF

      229 49th St

      OFFICE BUILDING (MULTI-STORY) • 33,181 SF
      229 49th St, Brooklyn, NY 11220-1708
      View Details
    • Value Estimation
      $560,000
      10,000 SF

      5001 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 10,000 SF
      5001 5th Ave, Brooklyn, NY 11220-1908
      View Details
    • Value Estimation by Request
      11,530 SF

      774 53rd St

      OFFICE BUILDING (MULTI-STORY) • 11,530 SF
      774 53rd St, Brooklyn, NY 11220-2814
      View Details

    Similar Nearby for Sale

    • $1,068,000
      1,335 SF

      Sunset Park Commercial Condo

      Prime Brooklyn office, 1,335 sq ft.
      867 53Rd St 6, Brooklyn, NY 11220
      View Details
    • $1,150,000
      1,100 SF

      Brooklyn Commercial Building with Tax Abatement

      Newly renovated Brooklyn commercial building suitable for various professional uses.
      824 56Th St, Brooklyn, NY 11220
      View Details
    • Contact for pricing
      2,000 SF

      New Brooklyn Commercial Corner Building

      New construction commercial building on 8th Avenue in Brooklyn.
      4603 8Th Ave, Brooklyn, NY 11220
      View Details
    • $1,150,000
      1,100 SF

      Newly Renovated Brooklyn Commercial Building

      Renovated commercial building with tax abatement, ideal for various businesses.
      824 56Th St, Brooklyn, NY 11220
      View Details
    • $695,000
      836 SF

      Brooklyn Commercial Condo For Sale

      836 sqft commercial condo ideal for office or community facility.
      849 53Rd St, Brooklyn, NY 11220
      View Details
    • $1,150,000
      1,439 SF

      Sunset Park Office Condo

      Prime Brooklyn location, 1,439 SF, great investment.
      867 53Rd St 3, Brooklyn, NY 11220
      View Details

    Similar Nearby for Lease

    • $27,880
      6,970 SF

      Brooklyn Newly Constructed Corner Building

      Newly constructed 4-story corner building with finished basement for lease.
      5301 7Th Ave, Brooklyn, NY 11220
      View Details
    • Contact for pricing
      21,917 SF

      Bay Ridge Avenue Retail/Office

      Two-story building suitable for office or retail use.
      15 Bay Ridge Ave, Brooklyn, NY 11220
      View Details
    • Contact for pricing
      650 SF

      Prime Brooklyn Office Space

      650 sq ft, Ground Floor, Kings County
      245 48Th St, Brooklyn, NY 11220
      View Details
    • $6,000 /Mo
      1,700 SF

      Brooklyn Office Space For Rent

      Office space for rent in prime Brooklyn location.
      761 58Th St, Brooklyn, NY 11220
      View Details
    • $5,500 /Mo
      2,000 SF

      Brooklyn Office Space For Rent

      Well-situated Brooklyn office space with high ceilings and central air.
      763 58Th St, Brooklyn, NY 11220
      View Details
    • $30 SF/Yr
      5,325 SF

      Prime Brooklyn Office Space

      5,325 SF Office, Immediate Occupancy
      666 64Th St, Brooklyn, NY 11220
      View Details
    Request Owner's contact information
    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.
    5803 7Th Ave
    Brooklyn, NY 11220
    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.

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.