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
  • Additional Rent Contact for pricing
  • 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

broker
Sean R. Kelly

Ariel Property Advisors

broker
Jiani Zhou

Ariel Property Advisors

broker
Oliver Elihu

Ariel Property Advisors

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

  • Mixteca USA

    0.25 miles

  • Bell Car Service

    0.37 miles

  • Mexiana Express II

    0.56 miles

  • Bay Ridge Avenue

    0.61 miles

  • Bay Ridge Express Car Service

    0.62 miles

  • Explorer Car Service

    0.66 miles

  • Mega Sunset Car Service

    0.66 miles

  • Yours Car Service

    0.81 miles

  • Acapulco Express

    0.89 miles

  • Sunoco

    0.25 miles

  • BP

    0.35 miles

  • 7-Eleven

    0.44 miles

  • Emporium 1

    0.45 miles

  • SEVENTH AVENUE

    0.46 miles

  • Amoco

    0.54 miles

  • FLO

    0.73 miles

  • Shell

    1.06 miles

  • EVgo

    2.24 miles

  • plugNYC

    2.54 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

  • King Hotel

    0.94 miles

  • Phoenix Hotel

    0.94 miles

  • Wyndham Garden

    0.94 miles

  • Days Inn

    0.95 miles

  • Knights Inn

    1.02 miles

  • Holiday Inn Express

    1.06 miles

  • Hotel BPM

    1.26 miles

  • Tres Chivos

    0.01 miles

  • Hawaiian Fried Wings

    0.01 miles

  • El Arcoiris 2

    0.02 miles

  • Feliz Tea House

    0.02 miles

  • Taste of China

    0.02 miles

  • Tacos Tijuana

    0.02 miles

  • La CoCota Restaurant

    0.02 miles

  • Jalepeños

    0.03 miles

  • Papa John's

    0.03 miles

  • Johnny's Pizza

    0.03 miles

  • Our Lady of Perpetual Help Catholic Academy

    0.11 miles

  • LEEP Dual Language Academy

    0.20 miles

  • Public School 503: The School of Discovery

    0.24 miles

  • Public School 506: The School of Journalism & Technology

    0.27 miles

  • P.S. 971K

    0.30 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

  • Brooklyn College

    3.27 miles

  • New York City Pre-K Center District 20

    0.10 miles

  • Young Risers

    0.17 miles

  • MetroKids Preschool

    0.54 miles

  • Bay Ridge Child Care Center

    0.73 miles

  • Pantomima

    0.81 miles

  • Step Ahead Day Care

    0.89 miles

  • Urban STEAM Lab

    0.91 miles

  • Tita & Tito Day Care

    0.96 miles

  • Tutor Time

    1.10 miles

  • Home Sweet Home

    1.24 miles

Frequently Asked Questions

How much does 5723 5th Avenue cost?

The space currently listed for sale at 5723 5th Avenue asks for $3,650,000.

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

5723 5th Avenue totals 7,681 square feet.

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