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6725 5th Ave
Brooklyn, NY 11220
Retail Property For Sale
EXECUTIVE SUMMARY
INVESTMENT OVERVIEW
Marcus & Millichap has been engaged to exclusively market for sale 6725 5th Avenue (Block & Lot:
5856-13) in the Bay Ridge neighborhood of Brooklyn, NY. The property is a three story walk up
masonry building with (2) three bedroom apartments and one ground ?oor retail store. The property
was constructed in 1931 on an irregular 33 ft. by 100ft. lot and has been used by the same family
for six decades.
The ground floor has been historically used and operated a bar restaurant and party room.
This is an opportunity for an investor to add value by reconfiguring and renovating the existing
large 956 SF apartments and take advantage of high rental demand on both residential and commercial
properties in this vibrant neighborhood.
Marcus & Millichap has been engaged to exclusively market for sale 6725 5th Avenue (Block & Lot:
5856-13) in the Bay Ridge neighborhood of Brooklyn, NY. The property is a three story walk up
masonry building with (2) three bedroom apartments and one ground ?oor retail store. The property
was constructed in 1931 on an irregular 33 ft. by 100ft. lot and has been used by the same family
for six decades.
The ground floor has been historically used and operated a bar restaurant and party room.
This is an opportunity for an investor to add value by reconfiguring and renovating the existing
large 956 SF apartments and take advantage of high rental demand on both residential and commercial
properties in this vibrant neighborhood.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,299 SF
Building Class
C
Year Built/Renovated
1931/2020
Price
$3,490,813 CAD
Price Per SF
$812.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.80
Lot Size
0.05 AC
Zoning
R6B C2-3 - Permit a Wide Range of High-Bulk Commercial Uses Requiring a Central Location
Parking
6 Spaces (1.4 Spaces per 1,000 SF Leased)
Frontage
80’ on 5th ave
AMENITIES
- 24 Hour Access
- Corner Lot
- Courtyard
- Fenced Lot
- Restaurant
- Signage
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 05856-0013 | Improvements Assessment | $89,546 CAD |
| Land Assessment | $22,007 CAD | Total Assessment | $111,554 CAD |
PROPERTY TAXES
Parcel Number
05856-0013
Land Assessment
$22,007 CAD
Improvements Assessment
$89,546 CAD
Total Assessment
$111,554 CAD
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