| Primary address | 5723 5th Avenue |
| Secondary address | 501-511 58th St |
| Neighborhood | Sunset Park |
| Zip code | 11220 |
| Borough | Brooklyn |
| Block & lot | 00848-0001 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 03/23/2022 |
| Purchase price | $4,000,000 |
| Tax class | Register |
| Estimated property tax | $42,562 |
| Lot sqft | 2,517 |
| Lot dimensions | |
| Building class | Walk-up Apartment - Over Six Families with Stores (C7)
|
| Building sqft | 7,681 |
| Building dimensions |
| Buildings on lot | 1 |
| Stories | 3 |
| Year built | 1904 |
| Year last altered | 2016 |
| Construction type | Register |
| School district | 20 |
| Community district | 7 |
| Closest police station | 0.40 Miles |
| Closest fire station | 0.26 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
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You will find all alternate addresses for the property in this section.
This Walk-up Apartment - Over Six Families with Stores (C7) located at 5723 5th Avenue, Brooklyn, NY 11220 has a total of 7,681 square feet and a current price per square foot of $520.
What is the year built & the current market value of 5723 5th Avenue, Brooklyn, NY 11220?5723 5th Avenue, Brooklyn, NY 11220 was built in 1904 and has a current tax assessor's market value of $1,049,000.
How many commercial spaces does this building have?This building has 2 commercial spaces available for lease. There are 1 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Sale |
|---|---|
| Listing date | 01/14/2020 |
| Last updated | 01/23/2025 |
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.
Create a free account to view the complete sales history for 5723 5th Avenue, Brooklyn, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for 5723 5th Avenue, Brooklyn, NY 11220. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $39,728 |
| Estimated property tax: | $42,562 |
| Tax assessor's market value: | $1,049,000 |
| Assessed value: | $472,050 |
Here's the assessment & property tax history for 5723 5th Avenue, Brooklyn, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $1,049,000 | $472,050 | $319,381 | 12.439% | $39,728 | $39,728 | +6.55% |
| 2024/25 | $1,311,600 | $590,220 | $298,284 | 12.5% | $37,286 | $37,286 | +6.99% |
| 2023/24 | $1,093,000 | $491,850 | $278,749 | 12.502% | $34,849 | $34,849 | +1.92% |
| 2022/23 | $1,366,000 | $614,700 | $278,749 | 12.267% | $34,194 | $34,194 | +6.18% |
| 2021/22 | $1,488,000 | $669,600 | $263,205 | 12.235% | $32,203 | $32,203 | +6.85% |
The complete history of permits filed for 5723 5th Avenue, Brooklyn, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Brooklyn so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Brooklyn and compare it to other boroughs in New York City.
Check out recently sold homes in Brooklyn and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | 4th Ave & 59th St at NE Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | N-R | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.161 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 5 Av/58 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | B63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for 5723 5th Avenue, Brooklyn, NY 11220.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 5713 5th Ave, Brooklyn | 6,500 | 11/08/2022 | $2,220,000 |
| 5703 5th Ave, Brooklyn | 6,500 | 11/03/2021 | |
| 429 58th St, Brooklyn | 2,880 | 10/07/2025 | $1,520,000 |
| 5721 5th Ave, Brooklyn | 5,761 | 09/12/2000 | |
| 518 57th St, Brooklyn | 2,232 | 09/07/1988 | |
| 417 58th St, Brooklyn | 2,880 | 03/11/2022 | $1,415,000 |
| 5717 5th Ave, Brooklyn | 7,047 | 12/20/2004 | $1,200,000 |
| 5705 5th Ave, Brooklyn | 6,500 | 08/10/1995 | |
| 514 57th St, Brooklyn | 1,920 | 10/25/2019 | |
| 415 58th St, Brooklyn | 2,880 | 01/18/2017 | $1,325,000 |
| 423 58th St, Brooklyn | 2,742 | 05/24/2023 | |
| 425 58th St, Brooklyn | 2,880 | 05/27/2003 | |
| 5714 5th Ave, Brooklyn | 4,200 | 12/21/2012 | |
| 413 58th St, Brooklyn | 3,000 | 06/16/2004 | $600,000 |
| 5709 5th Ave, Brooklyn | 7,850 | 07/23/2012 | $1,385,000 |
| 5701 5th Ave, Brooklyn | 7,400 | 11/12/1999 | |
| 516 57th St, Brooklyn | 1,920 | 10/28/2002 | |
| 421 58th St, Brooklyn | 2,880 | 08/05/2025 | |
| 5722 5th Ave, Brooklyn | 3,610 | 06/06/2005 | $975,000 |
| 427 58th St, Brooklyn | 2,880 | 04/29/2009 |
