9012 5th Ave - Office/Residential FOR SALE


Brooklyn, NY 11209- Bay Ridge
$1,850,000 USD
718-360-1331
9012 5th Ave, Brooklyn, NY for Sale
$1,850,000 USD
Office/Residential - FOR SALE
1/12
null | 7.03% Cap Rate

9012 5th Ave
Brooklyn, NY 11209
Bay Ridge


OVERVIEW

Investment Property Realty Group (IPRG) is proud to exclusively present 9012 5th Avenue, a rare, free-market mixed-use asset located between 90th and 91st Street in an excellent location in Bay Ridge. This well-maintained, legacy-owned asset consists of two free-market apartments over a high-visibility ground-floor retail unit, totaling approximately 4,614 SF. The property sits on a 18.83 ft x 103.08 ft lot, with C8-2 zoning and highly coveted Tax Class 1 protection, keeping annual taxes low. Offered at an attractive $401/SF, the asset delivers a 7.03% cap rate on day one with a 7.35% pro forma cap rate, making this a compelling opportunity for investors seeking yield, upside, and long-term stability. The property is located just blocks from the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn. PROPERTY HIGHLIGHTS • 7.03% Cap Rate Day 1 | 7.35% Pro Forma Cap Rate • $401/SF – Exceptional value on a prime Bay Ridge retail corridor • Free-market mixed-use building with strong curb appeal • Two spacious residential units over a ground-floor retail space • Located on one of Bay Ridge’s busiest and most walkable commercial strips • Long-term family ownership • Protected Tax Class 1 – low annual taxes ($14,329) • Short walk to Bay Ridge – 95th Street [R] Subway Station

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

7.03%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

C8-2/BR

APN/PARCEL ID

06082-0126

ASK ABOUT THIS PROPERTY

Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

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Matt DittmeierInvestment Property Realty GroupMore Info
718-360-1331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.