For Sale
$2,499,000

7302 5Th Ave Brooklyn, NY 11209

8-Unit Mixed-Use, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional mixed-use building, located at 7302 5th Ave in Brooklyn, NY 11209, presents a compelling investment opportunity. Boasting 7,360 square feet across eight units (two commercial, six residential), this property offers a strong 5.78% cap rate and a substantial net operating income (NOI) of $144,442. Built in 1910, the building sits on a 2,077 square foot lot (23.17 ft x 89 ft) and features a prominent 23-foot frontage on a bustling 5th Avenue corner, within the Business Improvement District. The R6B/C1-3 zoning allows for a variety of uses. The asking price is $2,499,000, translating to $339.54 per square foot. This well-maintained property benefits from high pedestrian traffic and convenient access to public transportation. Owner financing may be considered. This is an ideal opportunity for investors seeking a strong return in a prime Brooklyn location. The property's size and location provide excellent visibility and potential for future appreciation. The building's solid income stream and established tenant base make it a low-risk, high-reward investment.

Highlights

  • $2,499,000 asking price.
  • Mixed-use property with office and retail space.
  • 7,360 square feet.
  • $339.54 price per square foot.
  • 5.78% cap rate.
  • $144,442 net operating income (NOI).

Property Details for 7302 5Th Ave

Property type
Retail properties, Office properties
Square Feet
7,360 SF
Year Built
1910
Buildings
1
Units
8

Location Insight

City
Brooklyn
County
Kings
State
New York
Latitude
40.630992
Longitude
-74.022358

FAQs

What type of property is this?
Retail property - 8-Unit Mixed-Use, High NOI
Where is the retail property located?
The property is located at 7302 5Th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: $2,499,000 asking price.; Mixed-use property with office and retail space.; 7,360 square feet.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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7302 5Th Ave
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