7407 5th Ave - Apartments FOR SALE


Brooklyn, NY 11209- Bay Ridge
$2,599,000 USD
917-365-0215
7407 5th Ave, Brooklyn, NY for Sale
$2,599,000 USD
Apartments - FOR SALE
1/9
null | 6.13% Cap Rate

7407 5th Ave
Brooklyn, NY 11209
Bay Ridge


HIGHLIGHTS

  • 8 residential units and 1 retail commercial space
  • Built in 1936
  • Renovated in 2023
  • Zoned R6B
  • Located in Brooklyn
  • 100% occupancy

OVERVIEW

Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn’s most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above—each with updated leases and strong in-place income. The unit mix offers a range of layouts that appeal to the area’s rental demand, ensuring consistent cash flow and minimal vacancy. Located near public transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location. Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

8

PRICE/UNIT

$324,875

CAP RATE

6.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1936

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,856 SF

ZONING

R6B

APN/PARCEL ID

05931-0010

ASK ABOUT THIS PROPERTY

Joseph T. HamdanColdwell Banker Reliable Real EstateMore Info
917-365-0215

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Joseph T. HamdanColdwell Banker Reliable Real EstateMore Info
917-365-0215

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.