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5023 5th Ave
Brooklyn, NY 11220
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Just a block's distance to the subway lines,
- location benefits immensely from its accessibility to public transportation
EXECUTIVE SUMMARY
East Coast Realtors Inc is proud to present the sale of 5023 5 Ave, Brooklyn, NY 11220. The mixed-used
property is situated on 5th Ave and 51st St with great exposure.
The building boasts 6 retail units and 4 residential units, 7,000 SF of space and C4-3 zoning making it
an optimal choice for various retail and residential purposes. It is graced by an array of prominent
national tenants and commanding an excellent foot traffic. The building is fully occupied with all tenants
being on month-to-month rental agreement. With just a block's distance to the subway
lines, this location benefits immensely from its accessibility to public transportation via subway and
buses.
property is situated on 5th Ave and 51st St with great exposure.
The building boasts 6 retail units and 4 residential units, 7,000 SF of space and C4-3 zoning making it
an optimal choice for various retail and residential purposes. It is graced by an array of prominent
national tenants and commanding an excellent foot traffic. The building is fully occupied with all tenants
being on month-to-month rental agreement. With just a block's distance to the subway
lines, this location benefits immensely from its accessibility to public transportation via subway and
buses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,654 SF
Building Class
C
Year Built
1927
Price
$6,613,440 CAD
Price Per SF
$1,169.69 CAD
Cap Rate
5.04%
NOI
$333,592 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.26
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
C4-3A - C4-3 zoning making it
an optimal choice for various retail and residential
purposes.
Frontage
34’ on 5th Ave
PROPERTY TAXES
| Parcel Number | 00792-0001 | Improvements Assessment | $971,140 CAD |
| Land Assessment | $17,431 CAD | Total Assessment | $988,570 CAD |
PROPERTY TAXES
Parcel Number
00792-0001
Land Assessment
$17,431 CAD
Improvements Assessment
$971,140 CAD
Total Assessment
$988,570 CAD
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