7302 5Th AveBrooklyn, NY 11209

Property Details for 7302 5Th Ave

Year built

1910

Lot size

0.05 AC

Property size (Sq ft)

7,360 SF

Zone code

R6B

Property type

Investment properties

Property subtype

Live-work space

APN

05919-0037

APU

59190037

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,216,828

  6.5%

  $1,123,226

  7%

  $1,042,995

• Comparable approach

  Method

  Valuation

  Relative Method

  $961,658

  Geo Method

  $961,658

• Alternative Use

  Use

  Valuation

  Residential

  $1,392,800

  Hospitality

  $1,275,797

  Educational

  $1,061,448

  Medical

  $1,097,953

  Retail

  $1,651,142

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.631

Longitude

-74.0223

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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