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    Property profile & analytics

    5901 7Th Ave Brooklyn, NY 11220

    • Investment properties
    • 4,841 SF
    • 0.04 lot acres
    For Lease
    View listing
    $37 SF/Yr
    Value Estimation
    $3,450,000
    Last Sale
    Apr 04, 2024
    $3,500,000
    Location Intelligence
    Property ID
    US63-5609548
    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

    • Eyes On 8th / Eye Care Center

    Property Details for 5901 7Th Ave

    Year built
    1922
    Lot size
    0.04 lot acres
    Property size
    4,841 SF
    Zone code
    R7A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    00866-0010
    APU
    8660010

    Description

    This exceptional 4,841-square-foot office space, located at 5901 7th Avenue Cellar in Brooklyn, New York, presents a unique opportunity for businesses seeking a prominent location. Situated in Kings County (Brooklyn), this single-tenant property boasts a newly renovated 1,600 square foot area, offering modern amenities and a comfortable workspace. The building itself is a three-story structure built in 1922, and sits on a 1,614-square-foot lot. Its convenient location on 7th Avenue near 59th Street provides easy access to a variety of essential services and amenities, including numerous restaurants, supermarkets, and pharmacies. The area also benefits from excellent public transportation, making commuting a breeze for employees and clients alike. This is an ideal space for a business seeking a high-visibility location in a thriving Brooklyn neighborhood. The property's total square footage is 4,841 square feet, offering ample room for expansion and customization to suit specific business needs. Don't miss this chance to establish your business in this prime location. The zip code is 11220.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,590,000
      6.5%
      $3,260,000
      7%
      $3,485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,275,000
      Geo Method
      $3,320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,660,000
      Retail
      $3,955,000
      Mixed-Use
      $3,245,000
      Hospitality
      $3,610,000
      Educational
      $2,915,000
      Residential Income
      $3,225,000
      Energy
      $3,435,000
      Income-Based Land
      $2,840,000
      Food Service
      $2,890,000

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.011
    Latitude
    40.6372
    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
    $28,797
    $6,750
    $405,000
    $411,750
    -
    $15,000
    $900,000
    $915,000

    Comparable in this City

    • Value Estimation by Request
      3,664 SF

      6821 4th Ave

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      View Details
    • Value Estimation by Request
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      6809 4th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,415 SF
      6809 4th Ave, Brooklyn, NY 11220-5312
      View Details
    • Value Estimation by Request
      3,300 SF

      5719 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      5719 8th Ave, Brooklyn, NY 11220-3912
      View Details
    • Value Estimation by Request
      3,300 SF

      5806 8th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      5806 8th Ave, Brooklyn, NY 11220-3915
      View Details
    • Value Estimation by Request
      5,340 SF

      4918 5th Ave, Unit 4

      OFFICE/RESIDENTIAL (MIXED USE) • 5,340 SF
      4918 5th Ave, Brooklyn, NY 11220-1907
      View Details
    • Value Estimation by Request
      3,300 SF

      6217 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,300 SF
      6217 5th Ave, Brooklyn, NY 11220-4611
      View Details

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    5901 7Th Ave
    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
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