Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Property Details
- Property Type Multi-Family
- Property Size 7,681 SF
- Date Updated Jan 23, 2025
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.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
96/100
Walk Score ®
-
99/100
Transit Score ®
-
84/100
Bike Score ®
Location
- 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
-
Pioneer Supermarket
0.07 miles
-
Bravo
0.18 miles
-
Xin Hao NY Supermarket
0.34 miles
-
Marketa Los Fernandez
0.36 miles
-
New York Mart (formerly Hong Kong Supermarket)
0.46 miles
-
Lucky Star Market Inc.
0.47 miles
-
Sunrise Supermarket Inc.
0.48 miles
-
Forum Supermarket
0.48 miles
-
C-Town
0.52 miles
-
Saks Fifth Avenue
1.38 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
