7305-7309 5 Avenue, Brooklyn, NY 11209

For Sale

Listed by Louis Belisario with Compass Greater NY, LLC
$4,995,000 USD
  • 12,319 Sqft
  • 0.126 ac Lot Size
  • Other
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Property Summary for 7305-7309 5 Avenue Español?

Type
Other
Sub-Type
Other
Lot Size
0.126 Ac
MLS Number
446463
Year Built
1915
Stories
3
Neighborhood
Bay Ridge
Zip
11209
School District
20

Description for 7305-7309 5 Avenue

Property Description:7305, 7307, & 7309 5th Avenue are three contiguous mixed-use buildings located on the east side of 5th Avenue between 73rd Street and 74th Street in Bay Ridge. The buildings consist of three retail units and six residential apartments, totaling approximately 12,200 gross sq. ft. The ground floor retail at 7305 & 7307 5th Avenue are combined and contain a local grocery store. The ground floor retail at 7309 5th Avenue is occupied by a local pharmacy. Each building contains two floor-through three-bedroom apartments which feature high ceilings, renovated kitchens, and hardwood floors. The portfolio generates approximately $337,000 in annual gross revenue and nets approximately $245,000 in annual income. Current ownership has continuously maintained the buildings as the mechanicals and roofs have all been recently updated, allowing new ownership to benefit from no deferred maintenance.7305, 7307, 7309 5th Avenue is walking distance to the famous Bay Ridge 86th Street retail corridor which is home to national tenants such as Century 21, Banana Republic, TJ Max, Gap, Sephora, Pandora, Bath and Body Works, and Victoria’s Secret. The buildings are also adjacent to all other necessary retail, restaurants, and shopping along 5th Avenue. Additionally, the waterfront at Shore Road, Owls Head Park, and the Bay Ridge Pier at 69th Street are a short distance away.Transportation:The local R-train is located two blocks away on the corner of 75th Street and 4th Avenue. The B-63 bus stop is in front of the building on between 74th 5th Avenue.
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Features for 7305-7309 5 Avenue

Exterior Finish
  • Brick
Heating
  • Radiator, Steam
  • Natural Gas, Oil
Interior Features
  • Flooring: Hardwood
Listing provided by Brooklyn New York Multiple Listing Service
Copyright © 2021 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Listed by:

Louis Belisario

Compass Greater NY, LLC

Demographics in 11209top

Population

Total population 67,809
Male population 32,504
Female population 35,305
Median age 40.60

Households

Total households 29,297
Average people per household 2.30

Housing

Total housing units 33,223
Owner occupied 11,028
Renter occupied 18,269
Median year built 0

Income

Median household income 72,314
Average household income 98,949

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Disclaimer


Demographic data shown in this section was gathered from the 2018 American Community Survey and is deemed reliable but is not guaranteed.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.

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