5723 5th Avenue
5723 5th Avenue, Brooklyn, NY 11220
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
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Contacts
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Ariel Property Advisors
Building Details
- For Sale $3,650,000
- Property Type Multi-Family
- Property Size 7,681 SF
- Date Updated Jan 23, 2025
Getting Around
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Walk Score ®
Walker's Paradise (96) -
Transit Score ®
Rider's Paradise (99) -
Bike Score ®
Very Bikeable (84)
Location
- City Brooklyn, NY
- Neighborhood Sunset Park
- Zip Code 11220
- Market Brooklyn
Points of Interest
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
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
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
Sunset Car Wash
0.86 miles
White Swan Auto Spa
1.06 miles
BK Wash & Repair Center
1.32 miles
Ultimate Car Wash
1.76 miles
Brooklyn's Famous Car Wash
1.82 miles
Platinum Car Wash
1.92 miles
Guadalupana Car & Limo Services
2.24 miles
Clarity Auto Spa
2.26 miles
Hollywood Car Wash
2.31 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
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
Medina Pharmacy
0.01 miles
Family Medical Care
0.01 miles
Kelly's Pharmacy
0.05 miles
Family Medical Center
0.08 miles
Kenby Pharmacy
0.15 miles
Sunrise Medical Center
0.15 miles
61st Medical Dental Office
0.16 miles
Ideal Pharmacy
0.17 miles
Sincere Urgent Care
0.17 miles
5723 5th Avenue Listing Summary
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What is the asking price at 5723 5th Avenue?
5723 5th Avenue is currently listed for sale at Contact for pricing.
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What is the total size of 5723 5th Avenue?
5723 5th Avenue has a total of 7,681 square feet.
