Map of Property

5723 5th Avenue

5723 5th Avenue, Brooklyn, NY 11220

  • For Sale $3,650,000
  • Property Type Multi-Family
  • Property Size 7,681 SF
  • Date Updated Aug 21, 2020

Ariel Property Advisors has been retained on an exclusive basis to arrange for the sale of 5723 5th Avenue, a fully renovated 3-story mixed-use building located on the NE corner of 5th Avenue and 58th Street in Sunset Park. The subject property totals 7,681 square feet and consists of 2 commercial units and 8 one-bedroom residential units, all of which are rent-stabilized. The corner pharmacy has a lease in place through 2022, with 4% annual escalations and a 5-year renewal option. The second commercial unit, which was formerly a doctors office, is currently vacant. The property also benefits from being in the protected 2B tax class, which caps the amount taxes can be increased annually.

5723 5th Avenue is located on a prime retail corridor, with nearby tenants such as Sprint, T-Mobile, GameStop, Subway, Papa Johns and Carvel. The property is conveniently 0.2 miles from the 59th Street N/R subway station, and is located directly on the B63 bus line that runs up and down 5th Avenue.

5723 5th Avenue represents an opportunity for an investor to acquire a fully renovated turn-key asset with strong cash flow on a busy retail thoroughfare in Sunset Park. Please contact our office for additional information.

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Contacts

broker

Stephen Vorvolakos

Ariel Property Advisors

(212) 544-9500 x 25

broker

Sean R. Kelly

Ariel Property Advisors

(212) 544-9500 x 59

broker

Jiani Zhou

Ariel Property Advisors

(212) 544-9500 x 72

broker

Oliver Elihu

Ariel Property Advisors

(212) 544-9500 x 21

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    99/100 Rider's Paradise

  • Bike Score ®

    84/100 Very Bikeable
Powered by Walk Score ®
  • City Brooklyn, NY
  • Neighborhood Sunset Park
  • Zip Code 11220
  • Market Brooklyn

Points of Interest

  • Prince Car Service

    0.17 miles

  • 59th Street

    0.18 miles

  • 53rd Street

    0.31 miles

  • Bell Car Service

    0.37 miles

  • 8th Avenue

    0.41 miles

  • Bay Ridge Avenue

    0.61 miles

  • 45th Street

    0.63 miles

  • Explorer Car Service

    0.66 miles

  • Sunset Park Car Service

    0.66 miles

  • Fort Hamilton Parkway

    0.80 miles

  • Sunoco

    0.25 miles

  • 7-Eleven

    0.44 miles

  • Emporium 1

    0.45 miles

  • SEVENTH AVENUE

    0.46 miles

  • BP

    0.59 miles

  • BP

    0.88 miles

  • BP

    0.89 miles

  • Shell

    1.06 miles

  • Sunoco

    1.27 miles

  • Speedway

    1.36 miles

  • Hospital Parking

    0.53 miles

  • IKEA

    2.19 miles

  • School Bus Depot

    2.25 miles

  • Ultra Car Park Systems

    2.40 miles

  • Car Park Systems

    2.46 miles

  • Eastern Fruits and Vegetables

    2.70 miles

  • US Postal Service

    2.77 miles

  • Brooklyn Cruise Terminal Parking

    2.78 miles

  • Garfield Garage

    2.97 miles

  • Lighhouse Museum Parking

    3.09 miles

  • Insignia Hotel, Ascend Hotel Collection

    0.39 miles

  • Quality Inn

    0.74 miles

  • The Vue Hotel Express

    0.92 miles

  • casa Eddie

    0.93 miles

  • King Hotel

    0.94 miles

  • Phoenix Hotel

    0.94 miles

  • Wyndham Garden

    0.94 miles

  • Days Inn

    0.95 miles

  • Comfort Inn

    1.02 miles

  • Knights Inn

    1.02 miles

  • La CoCota Restaurant

    0.02 miles

  • Jalepeños

    0.03 miles

  • Johnny's Pizzeria

    0.04 miles

  • La Snackeria NYC

    0.05 miles

  • Subway

    0.08 miles

  • Tulcingo

    0.11 miles

  • El Espino

    0.16 miles

  • OD's Restaurant

    0.16 miles

  • La Parada II

    0.17 miles

  • Tacos Deliciosos El Amigo

    0.17 miles

  • Our Lady of Perpetual Help School

    0.13 miles

  • Public School 503: The School of Discovery

    0.24 miles

  • Public School 506: The School of Journalism & Technology

    0.27 miles

  • Public School 94

    0.38 miles

  • High School of Telecommunications Arts and Technology

    0.53 miles

  • Saint Agathas School

    0.58 miles

  • Public School 1

    0.60 miles

  • Public School 2

    0.61 miles

  • P.S. 310

    0.70 miles

  • Gateway City Academy

    0.70 miles

  • Young Risers

    0.17 miles

  • MetroKids Preschool

    0.54 miles

  • Pantomima

    0.81 miles

  • Urban STEAM Lab

    0.91 miles

  • Tita & Tito Day Care

    0.97 miles

  • The Little Brooklyn Pre-K Center

    1.64 miles

  • District 20 Pre-K Center Z111

    1.78 miles

  • The Park Slope Day Camp

    1.81 miles

  • Stepping Stones The Next Step

    1.87 miles

  • Ms. Jenn's Little Achievers

    1.90 miles

Frequently Asked Questions

What is the lease rate for 5723 5th Avenue?

Rental asking rate at 5723 5th Avenue is $1,825,000.00/YR.

What is the total square footage of 5723 5th Avenue?

5723 5th Avenue totals 7,681 square feet.

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