$2,398,888

5811 5th Ave Brooklyn, NY 11220

Sunset Park Neighborhood

Estimated payment $15,127/month

Total Views 193,653
-- Bed
-- Bath
7,000 Sq Ft
$343 Price per Sq Ft

Highlights

  • Wood Flooring
  • 3-minute walk to 59 Street (N,R Line)
  • Back and Front Yard
  • IS 220 John J. Pershing Rated A
  • Multiple cooling system units

About This Home

Exquisite Investment Opportunity in Sunset Park – Premier Mixed-Use Property 2 stores + 6 familys with Exceptional Growth Potential

Nestled in the heart of Sunset Park, Brooklyn, this distinguished mixed-use property presents an unparalleled opportunity for investors, developers, and visionaries seeking a high-yield, value-driven acquisition. Seamlessly blending commercial vitality with residential stability, this property is a true gem in one of Brooklyn’s most dynamic neighborhoods.

This exceptional asset features two prominent commercial storefronts and six well-maintained residential units, offering a rare combination of immediate income generation and long-term appreciation. Sitting on a 26 ft x 100 ft lot, with a building footprint of 26 ft x 64 ft, it provides versatile space configurations to maximize revenue potential. R6A, C2-4 zoning unlocks a world of possibilities for redevelopment, expansion, or reconfiguration to further enhance investment returns.

With a robust 6% cap rate, this asset guarantees steady cash flow and significant upside potential through strategic enhancements and rental growth. Located in bustling Sunset Park, known for its vibrant cultural scene, thriving business district, and unparalleled accessibility, this property benefits from strong tenant demand and exceptional foot traffic.

Boasting timeless architectural charm and thoughtfully designed interiors, this property stands as a testament to classic elegance and modern functionality. Surrounded by major transit options, lively retail corridors, parks, and essential amenities, it offers an unmatched living and business environment that continues to attract quality tenants.

A rare fusion of prestige, profitability, and potential, this investment is a cornerstone for those looking to make a lasting impact in Brooklyn’s real estate landscape. Secure your stake in one of New York City’s most sought-after neighborhoods and watch your portfolio thrive.

Listing Agent

Joe Zhu

RE/MAX Edge License #10401312891 Listed on: 02/11/2025

RE/MAX Edge

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $25,886

Year Built

  • Built in 1958

Lot Details

  • 2,600 Sq Ft Lot
  • Lot Dimensions are 100 x 26
  • Back and Front Yard
  • Property is zoned R6A, C2-4

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 7,000 Sq Ft Home
  • 4-Story Property
  • Wood Flooring

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Utilities

  • Multiple cooling system units
  • Heating System Uses Gas

Community Details

Overview

  • 8 Units

Building Details

  • Fuel Expense $7,000
  • Insurance Expense $4,250
  • Utility Expense $1,600
  • Gross Income $194,219
  • Net Operating Income $150,000

Property Details

Property Type

Other

Est. Annual Taxes

$25,886

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Basement Amenities: Full, Partial
  • Borough: Brooklyn
  • Building Footprint Sq Ft: 1664
  • Building Length: 64.00
  • Building Width: 26.00
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Fire Sprinkler, Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: 5TH AVE
  • Handicap Access Y N U: Unknown
  • Heat Delivery: Other
  • Number Of Families: 8
  • Parking Attributes: None
  • Parking Feature Single: None
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 7000
  • Building Stories: 4
  • Street Name I D X: 5th
  • Street Number I D X: 5811
  • Year Built: 1958
  • Special Features: None
  • Stories: 4

Interior Features

  • Ceiling: Other
  • Flooring: Hardwood
  • Lot Sq Ft: 2600

Exterior Features

  • Yard: Back, Front
  • Exterior Building Type: Attached
  • Construction Type: Other
  • Exterior: Brick
  • Foundation Details: Other
  • Roof: Other

Utilities

  • Air Conditioning Units: 5+
  • Electric: Other
  • Heating Fuel: Gas, Other
  • Hot Water: Other

Fee Information

  • Annual Fuel Expense: 7000.00

Lot Info

  • Lot Dimensions: 2600
  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 26
  • Zoning: R6A, C2-4

Multi Family

  • Annual Gross Expense: 44216.00
  • Annual Gross Income: 194219
  • Insurance Expense: 4250.00
  • Property Net Operating Income: 150000.00
  • Unit Count: 8
  • Annual Utility Expenses: 1600.00

Tax Info

  • Flip Tax Amount: 25886.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Price Changed $2,398,888 -4.0% $343 / Sq Ft
03/18/2025 03/18/25 Price Changed $2,498,888 0.0% $357 / Sq Ft
02/11/2025 02/11/25 For Sale $2,500,000 -- $357 / Sq Ft
Source: Brooklyn Board of REALTORS®

About the Listing Agent

Joe Zhu
Joe Zhu

RE/MAX Edge

(929) 416-3722

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PLEASE CALL 347-791-7011 EMAIL:joe@remaxedgeny.com

# RealTrends America’s Best Real Estate Professional Award

# Top 5 Agent In Brooklyn-Kings County[rate my agent]

# Remax Hall Of Fame Member

# Chairman's Club Award

# Platinum Club Award

# 100 % Club Award

# Social media start

#1 Transactions
*We have a nearly 5 Star Rating across all online review sites.
*We spend 53 times more on advertising our properties than the average agent,

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Source: Brooklyn Board of REALTORS®

MLS Number: 489158

Brooklyn Board of REALTORS®
New York Kings County Brooklyn 11220 Sunset Park

5811 5th Ave, Brooklyn, NY

This home is located at 5811 5th Ave, Brooklyn, NY 11220 and is currently priced at $2,398,888, approximately $342 per square foot. This property was built in 1958. 5811 5th Ave is a home located in Kings County with nearby schools including P.S. 506: The School of Journalism & Technology, IS 220 John J. Pershing, and Fort Hamilton High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Brooklyn Board of REALTORS® The property information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed. The data relating to real estate for sale on this web site comes in part from the participating Brokers.

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Joe Zhu
Joe Zhu
Listing Agent Section Image
RE/MAX Edge
(929) 416-3722