$3,899,000

Estimated payment $25,564/month

Total Views 622
-- Bed
-- Bath
7,200 Sq Ft
$542 Price per Sq Ft

Highlights

  • 4,000 Sq Ft lot
  • Wood Flooring
  • Back Yard
  • Junior High School 259 William McKinley Rated A
  • Heating System Uses Steam

About This Home

This is a rare opportunity to own Two mixed-use Side-by-side buildings on the desirable 5th Avenue in Bay Ridge, Brooklyn. Each property features 7 one-bedroom apartments and 1 commercial space, for a total of 14 residential and 2 commercial The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. Spacious basement allows for bike storage and or cubicals with more potential income The commercial tenants are - 1. doctor’s office and 1. jewelry story providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhood’s attractions and parks, such as the Alpine Cinema, Gino’s Restaurant, Lief Erickson Park, McKinley Park and Owl’s Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Don’t miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
Selling as a Package Deal 7127 and 7129 5th Ave. All Expenses are for both properties combined.

Listing Agent

Vito Angelo

RE/MAX Real Estate Professionals License #40AN0957928 Listed on: 05/07/2026

RE/MAX Real Estate Professionals

Co-Listing Agent

Billy Apter

RE/MAX Real Estate Professionals License #40AP1037712

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $53,555

Year Built

  • Built in 1907

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 100 x 40
  • Back Yard
  • Property is zoned R6B

Parking

  • On-Street Parking

Home Design

  • Mixed Use
  • Flat Roof Shape
  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 7,200 Sq Ft Home
  • 4-Story Property
  • Wood Flooring
  • Walk-Out Basement

Utilities

  • Heating System Uses Steam
  • Heating System Uses Gas
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Tax Block 5893

Community Details

Overview

  • 14 Units

Building Details

  • Fuel Expense $15,517
  • Insurance Expense $16,577
  • Utility Expense $2,497
  • Gross Income $308,664

Property Details

Property Type

Other

Est. Annual Taxes

$53,555

Year Built

Built in 1907

Lot Details

4,000 Sq Ft Lot

Listing Details

  • Basement Amenities: Walk-in
  • Borough: Brooklyn
  • Building Length: 60.00
  • Building Width: 40.00
  • Co List Office Mls Id: 114610
  • Co List Office Phone: (718) 532-2000
  • Commercial Condo Y N: No
  • Commercial Features Exterior: Other
  • Commercial Features Interior: Other
  • Confirmed By M L S Y N: Yes
  • Cross Street: Ovington Ave
  • Cross Street Name2: 72nd St
  • Heat Delivery: Steam/Radiator
  • Number Of Families: 14
  • Parking Attributes: Other
  • Parking Feature Single: Street
  • Property Sub Type: Mixed Use
  • Prop. Type: Mixed Use
  • Fill Sq Ft Total: 7200
  • Building Stories: 4
  • Street Name I D X: 5th
  • Year Built: 1907
  • Special Features: None
  • Stories: 4

Interior Features

  • Flooring: Hardwood
  • Lot Sq Ft: 4000

Exterior Features

  • Yard: Back
  • Exterior Building Type: Attached
  • Construction Type: Brick
  • Exterior: Brick
  • Foundation Details: Poured Concrete
  • Lot Number: 3
  • Roof: Flat

Utilities

  • Electric: 220 V
  • Heating Fuel: Gas
  • Hot Water: Gas

Fee Information

  • Annual Fuel Expense: 15517.00

Lot Info

  • Lot Size Irregular: No
  • Lot Size Length: 100
  • Lot Size Width: 40
  • Zoning: R6B

Rental Info

  • Rent Income: 25722

Multi Family

  • Annual Gross Expense: 29354.00
  • Annual Gross Income: 308664
  • Insurance Expense: 16577.00
  • Unit Count: 16
  • Annual Utility Expenses: 2497.00

Tax Info

  • Flip Tax Amount: 53555.00

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $27,360 $391,050 $10,350 $380,700
2025 $25,857 $346,050 $10,350 $335,700
2024 $25,857 $432,720 $10,350 $422,370
2023 $23,491 $540,900 $10,350 $530,550
2022 $22,282 $676,350 $10,350 $666,000
2021 $21,599 $694,350 $10,350 $684,000
2019 $20,065 $561,600 $10,350 $551,250
2018 $19,776 $147,308 $3,258 $144,050
2017 $17,818 $140,090 $3,560 $136,530
2016 $17,461 $135,444 $3,648 $131,796
2015 $10,857 $129,512 $3,733 $125,779
2014 $10,857 $122,379 $3,893 $118,486
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 For Sale $3,899,000 +95.0% $542 / Sq Ft
09/22/2025 09/22/25 Price Changed $2,000,000 -7.0% --
03/04/2024 03/04/24 For Sale $2,150,000 -- --
Source: Brooklyn Board of REALTORS®

Source: Brooklyn Board of REALTORS®

MLS Number: 501194

Brooklyn Board of REALTORS®

APN: 05893-0003

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