5901 7Th AveBrooklyn, NY 11220

Property Details for 5901 7Th Ave

Year built

1922

Lot size

0.04 AC

Property size (Sq ft)

4,841 SF

Zone code

R7A

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

00866-0010

APU

8660010

Description

This exceptional 4,841-square-foot office space, located at 5901 7th Avenue Cellar in Brooklyn, New York, presents a unique opportunity for businesses seeking a prominent location. Situated in Kings County (Brooklyn), this single-tenant property boasts a newly renovated 1,600 square foot area, offering modern amenities and a comfortable workspace. The building itself is a three-story structure built in 1922, and sits on a 1,614-square-foot lot. Its convenient location on 7th Avenue near 59th Street provides easy access to a variety of essential services and amenities, including numerous restaurants, supermarkets, and pharmacies. The area also benefits from excellent public transportation, making commuting a breeze for employees and clients alike. This is an ideal space for a business seeking a high-visibility location in a thriving Brooklyn neighborhood. The property's total square footage is 4,841 square feet, offering ample room for expansion and customization to suit specific business needs. Don't miss this chance to establish your business in this prime location. The zip code is 11220.

• CAP approach

  CAP return

  Valuation

  6%

  $800,362

  6.5%

  $738,796

  7%

  $686,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $632,525

  Geo Method

  $632,525

• Alternative Use

  Use

  Valuation

  Residential

  $916,107

  Hospitality

  $839,149

  Educational

  $698,162

  Medical

  $722,173

  Retail

  $1,086,030

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6372

Longitude

-74.011

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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