8502 5th Ave Brooklyn, NY 11209
Bay Ridge NeighborhoodEstimated payment $18,120/month
Highlights
- Wood Flooring
- 3-minute walk to 86 Street (R Line)
- Back Yard
- P.S./I.S. 104 The Fort Hamilton School Rated A-
- Heating System Uses Steam
- 4-minute walk to Tom McDonald Triangle
About This Home
Prime mixed-use investment opportunity in the heart of Bay Ridge! This impressive corner property features 2 retail stores plus 6 residential units, offering strong income potential and excellent visibility. Situated on a highly trafficked avenue, the property benefits from maximum exposure, steady foot traffic, and convenient access to shopping, dining, and public transportation. The residential units provide consistent rental income, while the retail spaces add valuable commercial upside. Corner positioning allows for abundant natural light and enhanced street presence, making this a standout asset for both investors and end-users—a rare opportunity to own a well-located, income-producing property in one of Brooklyn’s most desirable neighborhoods.
Property Details
Property Type
- Other
Est. Annual Taxes
- $61,558
Year Built
- Built in 1921
Lot Details
- 2,057 Sq Ft Lot
- Lot Dimensions are 91 x 22
- Irregular Lot
- Back Yard
- Property is zoned R6B
Home Design
- Mixed Use
- Flat Roof Shape
- Brick Exterior Construction
- Poured Concrete
- Block Wall
Interior Spaces
- 7,476 Sq Ft Home
- 4-Story Property
- Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
Utilities
- Heating System Uses Steam
- Heating System Uses Gas
- 220 Volts
- 110 Volts
- Gas Water Heater
Listing and Financial Details
- Tax Block 6035
Community Details
Overview
- 6 Units
Building Details
- Fuel Expense $24,105
- Insurance Expense $14,278
- Utility Expense $2,693
- Gross Income $284,400
Map
Home Values in the Area
Average Home Value in this Area
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 | $63,563 | $502,650 | $14,850 | $487,800 |
| 2025 | $61,952 | $508,500 | $14,850 | $493,650 |
| 2024 | $61,952 | $635,850 | $14,850 | $621,000 |
| 2023 | $56,285 | $589,950 | $14,850 | $575,100 |
| 2022 | $56,015 | $582,750 | $14,850 | $567,900 |
| 2021 | $54,540 | $466,200 | $14,850 | $451,350 |
| 2020 | $24,826 | $582,840 | $14,850 | $567,990 |
| 2019 | $47,809 | $582,840 | $14,850 | $567,990 |
| 2018 | $45,853 | $352,947 | $7,194 | $345,753 |
| 2017 | $44,891 | $352,947 | $8,266 | $344,681 |
| 2016 | $44,092 | $342,007 | $8,486 | $333,521 |
| 2015 | $17,885 | $316,674 | $8,407 | $308,267 |
| 2014 | $17,885 | $293,217 | $8,601 | $284,616 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $2,450,000 | -- | $328 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Brooklyn Board of REALTORS®
MLS Number: 499863
APN: 06035-0040
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