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5205-5207 Church Ave 15,100 SF 100% Leased Office Building Brooklyn, NY 11203 For Sale
Executive Summary
The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants.
From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Amenities
- Concierge
- Kitchen
- Central Heating
- High Ceilings
- Wi-Fi
- Hardwood Floors
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Set within one of Flatbush’s established commercial areas, 5203–5207 Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property situated along one of Flatbush’s predominant retail corridors. The property can be delivered vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment by an investor. The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants. From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 4,000-14,700 SF | Retail | Full Build-Out | Jan 2026 |
1st Floor
| Size |
| 4,000-14,700 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Jan 2026 |
1st Floor
| Size | 4,000-14,700 SF |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Jan 2026 |
Set within one of Flatbush’s established commercial areas, 5203–5207 Church Avenue, an approximately 15,000 SF (~10,000 SF above grade) commercial property situated along one of Flatbush’s predominant retail corridors. The property can be delivered vacant, offering a compelling opportunity for an end-user or for repositioning or redevelopment by an investor. The building is currently configured with retail and medical tenants and features 10’+ ceiling heights and elevator access throughout, allowing for a highly usable and customizable layout. Notably, a credit-worthy second-floor tenant is paying approximately $13,500 per month, enabling an owner-user to occupy the remaining space while offsetting carrying costs, or allowing an investor to retain that income while repositioning the balance of the building with market-rate tenants. From a development perspective, the property is located within a Qualifying Residential Site (QRS), which allows for a mixed-use FAR of up to 2.5, translating to approximately 14,000 buildable square feet. This provides meaningful long-term optionality while maintaining current income in the interim.
Property Taxes
| Parcel Number | 04678-0044 | Improvements Assessment | $1,012,507 CAD |
| Land Assessment | $101,979 CAD | Total Assessment | $1,114,486 CAD |
Property Taxes
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5205-5207 Church Ave
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