9012 5th Ave
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9012 5th Ave
4,614 SF 100% Leased Office Building Brooklyn, NY 11209 $2,100,000 ($455/SF) 5.91% Cap Rate
Executive Summary
Investment Property Realty Group (IPRG) is pleased to exclusively present the exclusive opportunity to acquire 9012 5th Avenue, a prime free-market mixed-use asset located between 90th and 91st Street in an excellent location in Bay Ridge, Brooklyn.
The subject property is comprised of 2 residential apartments and 1 retail unit and totals approximately 4,614 square feet. The property is built approximately 18.83 ft x 100 ft on the ground floor, with the 2nd and 3rd floor apartments built approximately 18.83 ft x 55 ft sitting on an 18.83 ft x 103.08 ft lot. The property is zoned C8-2, BR and is in the highly sought after protected tax class 1.
The property is located a few blocks from the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn.
PROPERTY HIGHLIGHTS
• Prime Bay Ridge free-market mixed-use building
• Excellent location on one of Bay Ridge’s most popular retail corridors
• Extremely well-maintained property in pristine condition
• Long-term family ownership
• Protected tax class 1 – low annual taxes $14,329
• Short walk to Bay Ridge - 95th Street [R] Subway Station
The subject property is comprised of 2 residential apartments and 1 retail unit and totals approximately 4,614 square feet. The property is built approximately 18.83 ft x 100 ft on the ground floor, with the 2nd and 3rd floor apartments built approximately 18.83 ft x 55 ft sitting on an 18.83 ft x 103.08 ft lot. The property is zoned C8-2, BR and is in the highly sought after protected tax class 1.
The property is located a few blocks from the Bay Ridge - 95th Street [R] Subway Station, providing easy access to Manhattan, Queens, and the rest of Brooklyn.
PROPERTY HIGHLIGHTS
• Prime Bay Ridge free-market mixed-use building
• Excellent location on one of Bay Ridge’s most popular retail corridors
• Extremely well-maintained property in pristine condition
• Long-term family ownership
• Protected tax class 1 – low annual taxes $14,329
• Short walk to Bay Ridge - 95th Street [R] Subway Station
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
4,614 SF
Building Class
B
Year Built
1999
Price
$2,100,000
Price Per SF
$455
Cap Rate
5.91%
NOI
$124,110
Percent Leased
100%
Building Height
3 Stories
Typical Floor Size
1,538 SF
Building FAR
2.65
Land Acres
0.04 AC
Zoning
C8-2/BR
1 of 1
Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (89)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 06082-0126 | Improvements Assessment | $125,160 |
| Land Assessment | $25,500 | Total Assessment | $150,660 |
PROPERTY TAXES
Parcel Number
06082-0126
Land Assessment
$25,500
Improvements Assessment
$125,160
Total Assessment
$150,660
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Derek Bestreich -
Luke Sproviero -
Adam Lobel -
Toby Waring -
Matt Dittmeier -
Investment Property Realty Group
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