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33459720
33459719

6823 5th Avenue, Brooklyn, NY 11220

SB
NY 30BO1115908
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$5,900,000
1 day on market
Updated 1 day ago

6823 5th Avenue

Details
Property Type Retail, Office (+1)
Sub Type Traditional Office, Medical Office (+1)
Square Footage 9,390
Net Rentable (SqFt) 9,390
Tenancy Vacant
Pro-Forma Cap Rate 6.88%
Pro-Forma NOI $405,456
Price per SqFt $628
Year Built 1920
Year Renovated 2017
Buildings 1
Acreage 3130.000
Zoning R6B, C1-3
Investment Type Value Add
Ground Lease No
Sale Condition N/A

Mixed-Use Retail and Office

Marketing description

6823 5TH AVE at 6823 5th Avenue, Brooklyn, NY 11220 presents a rare corner mixed-use investment opportunity in the heart of Bay Ridge. Positioned along one of the neighborhood’s busiest retail corridors and just one block from the Bay Ridge Avenue R subway station, this vacant property offers exceptional flexibility for investors, owner-users, and developers alike. The approximately 8,979-square-foot building features two retail units and two full office floors, with roughly 6,000 square feet of office space and 3,000 square feet of retail. The upper floors include 18 offices, a reception area, kitchen, and elevator access, creating an ideal setup for office, medical, or professional use. An additional legal basement with high ceilings adds approximately 3,000 square feet of bonus space not included in the offering price per square foot. Built on a 3,130-square-foot lot and zoned R6B, C1-3, the property supports a wide range of repositioning or conversion strategies, including residential, office, medical, and other commercial uses. Delivered 100% vacant, this is a true value-add opportunity in a premier Brooklyn location.

Investment highlights

Corner elevator mixed-use value add opportunity.

One block to te R Bay Ridge subway station.

One of the busiest Bay Ridge, Brooklyn, retail corridor.

Zoning allows for residential, office , medical and other possible conversions.

Legal selling basement with high ceilings. An additional 3000 SF feet not calculated in the price per square foot offering.

2 office floors with 18 offices plus kitchen and reception area.

Median lease price per office sqyuare foot is $40

Listing Contacts

SB
NY 30BO1115908
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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