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506 5th Ave 650 - 1,400 SF of Flex Space Available in Brooklyn, NY 11215
HIGHLIGHTS
- Sun-filled, front-facing suites at 506 5th Avenue offer renovated, flexible commercial space ideal for offices, studios, boutiques, & specialty use.
- Located in Park Slope’s affluent, walkable corridor, the property is surrounded by top dining, cafés, markets, and $30B in area consumer spending.
- High ceilings, hardwood floors, central air, private restrooms, and glass-walled offices create a polished, modern environment with great visibility.
- Steps from R, F, and G subway lines with easy access to I-278 and the Prospect Expressway, support strong traffic and long-term growth.
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 650 SF | 2-10 Years | $76.78 CAD/SF/YR $6.40 CAD/SF/MO $49,904 CAD/YR $4,159 CAD/MO | Modified Gross | ||
| 3rd Floor | 750 SF | 2-10 Years | $67.00 CAD/SF/YR $5.58 CAD/SF/MO $50,253 CAD/YR $4,188 CAD/MO | Modified Gross |
2nd Floor
Two front-facing commercial floors, each offering approximately 650 square feet of flexible, light-filled space, are now available at the corner of 5th Avenue and 12th Street. These freshly renovated suites feature abundant natural light, adaptable layouts, high ceilings, hardwood floors, central air, and private restrooms. The spaces are designed to suit a wide range of uses, from offices and studios to boutique showrooms or specialty retail. Available single or together, each floor provides a modern, polished environment with expansive windows overlooking 5th Avenue, ensuring excellent visibility and a welcoming atmosphere for any business. Contact broker to secure VIP access.
- Listed rate may not include certain utilities, building services and property expenses
- Includes 650 SF of dedicated office space
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Facing Front, Beautiful Views, Totally Sundrenched
- Prime Location, multiple uses
- High-Exposure Area for Maximum Foot Traffic
- Freshly Renovated and Move-In Ready
3rd Floor
Two front-facing commercial floors, each offering approximately 750 square feet of flexible, light-filled space, are now available at the corner of 5th Avenue and 12th Street. These freshly renovated suites feature abundant natural light, adaptable layouts, high ceilings, hardwood floors, central air, and private restrooms. The spaces are designed to suit a wide range of uses, from offices and studios to boutique showrooms or specialty retail. Available single or together, each floor provides a modern, polished environment with expansive windows overlooking 5th Avenue, ensuring excellent visibility and a welcoming atmosphere for any business. Contact broker to secure VIP access.
- Listed rate may not include certain utilities, building services and property expenses
- Includes 1,000 SF of dedicated office space
- Space is in Excellent Condition
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Facing Front, Beautiful Views, Totally Sundrenched
- Prime Location, multiple uses
- High-Exposure Area for Maximum Foot Traffic
- Freshly Renovated and Move-In Ready
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 506 5TH AVE, BROOKLYN, NY 11215
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Citi Nest Group
- Real Estate
- 1
- Local
- Young Ethel's
- Cocktail Bar
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Citi Nest Group | Real Estate | 1 | Local |
| Young Ethel's | Cocktail Bar | 1 | Local |
PROPERTY FACTS
| Total Space Available | 1,400 SF | Gross Leasable Area | 2,900 SF |
| Property Type | Retail | Year Built | 1920 |
| Property Subtype | Bar |
| Total Space Available | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Bar |
| Gross Leasable Area | 2,900 SF |
| Year Built | 1920 |
ABOUT THE PROPERTY
Rarely available and now ready to lease, 506 5th Avenue in Park Slope introduces an exceptional opportunity in one of Brooklyn’s most coveted commercial corridors. Two sun-drenched, front-facing floors, each approximately 750 square feet, deliver modern, flexible space ideal for offices, creative studios, boutique showrooms, wellness concepts, specialty retail, and more. Freshly renovated spaces, high ceilings, hardwood floors, central air and heating, and private restrooms create a polished environment designed to elevate any business vision. With dedicated office space, floor-to-ceiling glass walls, and expansive windows framing beautiful views over 5th Avenue, 506 5th Avenue presents a rare combination of quality, affordability, and adaptability. This is a chance to secure a foothold in a market where well-priced, high-exposure space is increasingly difficult to find. Set within the heart of Park Slope, 506 5th Avenue lies in a walkable, affluent enclave known for its historic brownstones, vibrant cultural scene, and proximity to Prospect Park. Surrounding blocks offer an impressive lineup of retailers, restaurants, cafés, and markets, from Al di là Trattoria to beloved coffee shops and the Grand Army Plaza Greenmarket, attracting locals and visitors. The area is supported by strong demographics, including nearly $30 billion in annual consumer spending within a 5-mile radius. Connectivity is exceptional, with swift access to Interstate 278, the Prospect Expressway, and multiple subway lines (R, F, G) all within a 5-minute walk, ensuring seamless travel across Brooklyn and into Manhattan. In a neighborhood celebrated for its stability, charm, and dynamic commercial energy, these newly available spaces at 506 5th Avenue offer an inviting stage for the next standout business. With sunlight pouring in, crowds passing below, and Park Slope’s enduring appeal at its doorstep, the opportunity is as practical as it is inspiring.
- Signage
- Air Conditioning
- Smoke Detector
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506 5th Ave
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