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29156561
29156572

5902 14th Ave, brooklyn, NY 11219

SB
NY 10311204539
Tri State Commercial
JS
Tri State Commercial
Listed by Tri State Commercial
$8,999,000
150 days on market
Updated 47 days ago

5902 14th Avenue | 25,000 SF Corner Property For Sale in Prime Borough Park

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office (+1)
Square Footage 25,000
Units 5
Cap Rate 7.60%
NOI $683,475
Occupancy 100%
Tenancy Multi
Class A
Buildings 1
Stories 3
Lot Size (SqFt) 7,175
Zoning M1-1

25,000 SF Corner Property For Sale in Prime Borough Park

Marketing description

5902 14th Avenue offers a strong mixed-use investment on a prominent corner in Borough Park, Brooklyn. The fully renovated building is 100% leased and income-generating, with vacancy clauses that enhance flexibility and deliver an attractive cap rate. Spanning roughly 25,000 square feet, the property includes a well-known catering hall on the ground floor and basement, featuring a full commercial kitchen. The basement and first floor each provide about 7,000 square feet, ideal for event and commercial operations, while the upper floors add adaptable space with approximately 7,000 square feet on the second floor and 3,500 square feet on the third floor.

Ideally positioned on between 59th Ave & 60th Ave, the property is located in the heart of Borough Park, one of Brooklyn’s most active and tightly knit commercial and residential neighborhoods. Enjoys excellent visibility and consistent foot traffic along 14th Avenue, a major retail corridor known for its concentration of neighborhood shops, eateries, and service-oriented businesses. The area is well served by public transportation, including nearby bus lines and subway access along 13th Avenue, providing convenient connectivity for both patrons and employees. Surrounded by a dense residential population and established local businesses, the location offers a strong demand base, making it highly attractive to commercial tenants and long-term investors alike.

25,000 SF Corner Property For Sale in Prime Borough Park

Located in the Borough Park neighborhood of Brooklyn between 59th Ave & 60th Ave near the 62nd St subway station.

Nearest Transit: D train at 62nd St and the N train at New Utrecht Ave. The B9 & B16 bus lines.

Nearby tenants include Spinka Hall, Bleu Manor, Renaissance Ballroom, Park Plumbing & Heating Supply, Better Health Studios, Brooklyn Granite, Win Xin, Savarese Italian Pastry Shoppe, New Pioneer Mechanical Corp, Macaronikids, and more!


Investment highlights

    • Corner Property Fully Renovated And Rented With Vacancy Clauses, Offering A Strong Cap Rate
    • Ground Floor And Basement Currently Used As A Catering Hall With A Full Kitchen
      • Lot Dimensions: 80 x 100
        • Building Dimensions: 80 x 100
          • Building Size: 23,550 SF
            • Total Commercial Units: 5
              • Occupancy: 100%
                • Tenancy: Multiple
                  • Current CAP: 7.2%
                    • Building Class: A
                      • Basement: 7,000 SF
                        • Floor 1: 7,000 SF
                          • Floor 2: 7,000 SF
                            • Floor 3: 3,500 SF

                              Listing Contacts

                              SB
                              NY 10311204539
                              Tri State Commercial
                              JS
                              Tri State Commercial
                              Listed by Tri State Commercial

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                              $
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                              Loan Amount
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                              Annual Debt Service
                              $--
                              $--
                              Annual Cash Flow
                              $683,475.00
                              $56,956.25/mo

                              Valuation Metrics

                              0
                              DSCR
                              7.6%
                              Cap Rate
                              7.6%
                              ROI

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