7127 5th Avenue

7127 5th Avenue

7127 5th Ave
Bay Ridge

$2,150,000
Price
7
Beds
7
Baths
4,800 Sq. Ft.
$448 / Sq. Ft.
4,800
Sq. Ft.
$448
per Sq. Ft.

Description

This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctor’s office with leases ending in 2024 and 2025, providing stable income...This is a rare opportunity to own a mixed-use building on the desirable 5th Avenue in Bay Ridge, Brooklyn. The property features 7 one-bedroom apartments and 1 commercial space, with only one free-market unit and the rest rent-stabilized. The residential units have been beautifully renovated with modern finishes and amenities, and the common areas and utilities have been updated in the last 5 years. The commercial tenant - doctor’s office with leases ending in 2024 and 2025, providing stable income and low turnover. The property benefits from a 2B Tax Class that limits tax increases. The location is ideal for residents who want to enjoy the neighborhood’s attractions and parks, such as the Alpine Cinema, Gino’s Restaurant, Lief Erickson Park, McKinley Park and Owl’s Head Park, all within a short distance. The property is also well-connected to public transportation, with the Bay Ridge Avenue R train station and the B63 bus route nearby, as well as easy access to major highways like the Gowanus Expressway and Belt Parkway. Don’t miss this chance to invest in a turn-key property with strong cash-flow potential on a prime retail corridor.
  1. Listed by Vito Angelo • RE/MAX Real Estate Professiona • Other
  2. Listed by Billy E. Apter • RE/MAX Real Estate Professiona

Amenities

  • Walk Up
  • Voice Intercom
  • Private Outdoor Space
  • Parking Included
  • Lowrise

Location

Listing Courtesy of RE/MAX Real Estate Professiona
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LISTING UPDATED: 04/15/2024 10:21 AM

Property Details for 7127 5th Avenue

StatusActive
MLS ID480277
Days on Market55
Taxes$23,491 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1907
Lot Size2,008 SF / 20' x 100'
CountyKings County

Building

7127 5th Ave

8 Units4 StoriesBuilt in 1907

Location

Listing Courtesy of RE/MAX Real Estate Professiona
Add your commute

Building Information for 7127 5th Avenue

Stories4Residences8Year Built1907Lot Size2,008 SF / 20' x 100'Building Age-Building Type-

Payment Calculator

$13,691 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,733

Property Taxes

$1,958

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7127 5th Avenue

Summary
Location and General Information
  • Block: 5893
  • Number Of Stories: 1
  • Cross Street Name: Ovington Ave
  • Cross Street Name: 72nd St
  • Zoning: R6B
  • Roof: Flat
Parking
  • Parking Attributes: Other
  • Parking Feature Single: Street
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 23491.0
Property
Lot Information
  • Sq Ft Total: 48
  • Yard: Back
  • Lot Number: 3
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • AC Units: 0
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Walk-in
  • Commercial Features Interior: Other
  • Foundation Details: Poured Concrete
  • Flooring: Hardwood
  • Unit Count: 8
  • Lavatories: 4+
  • Construction Materials: Brick
  • Electric: 220 V
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: Other
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1200.0
  • Building Length: 60.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Category: Store
  • Unit Floor: Store Frnt
  • Unit Status: Month-to-Month
  • Unit Unit Type: Office
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 1
  • Unit Rooms Total: 3
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 2
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 4
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 3
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 5
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 4
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 6
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 5
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 7
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 6
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Unit 8
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 1
  • Unit Category: Apt
  • Unit Floor: 7
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 1 Bedroom
Agent
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Owner Occupied: No

Property History for 7127 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7127 5th Avenue

Taxable ValueLand$10,350Additions$530,550Total$540,900
Home Facts
Total Finished SqFt4,800 SqFtLot Size2,007 SqFtYear Built1907ZoningR6BAPN3058930003

Schools near 7127 5th Avenue

This home is within Nyc Geog District #20 - Brooklyn.
Rating
School
Type
Grades
Distance
Ralph A Fabrizio School
Public - K to 5
Jhs 259 William Mckinley
Public - 6 to 8
Fort Hamilton High School
Public - 9 to 12
High School Of Telecommunications Arts And Technol
Public - 9 to 12
Rating
School
Distance
Ralph A Fabrizio School
PublicK to 5

Jhs 259 William Mckinley
Public6 to 8

Fort Hamilton High School
Public9 to 12

High School Of Telecommunications Arts And Technol
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 7127 5th Avenue, Bay Ridge

7127 5th Avenue is a mixed use property for sale in Bay Ridge. This property was listed for sale on March 4, 2024 by RE/MAX Real Estate Professiona, it's currently listed at $2,150,000. This listing's school district is Nyc Geog District #20 - Brooklyn. Nearby schools include Ralph A Fabrizio School, Jhs 259 William Mckinley and Fort Hamilton High School. 7127 5th Avenue is a 7-bed, 7-bath, 4,800 sqft mixed use property built in 1907.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Professiona

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.