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5709 5th Ave, Brooklyn, NY, 11220

12beds
8baths
6,500sqft
$2,780,000
$428price/sqft
$17,091/moest. monthly cost
$683,640/yrincome needed

About This Home

Prime Sunset Park 8 Unit Mixed-use Building!/Call Alan Ng for info/open house/showing appointments. Lot: 25' x 100' Building: 25' x 65' x 4 Stories = 6,500 Sq. Ft Zoning: R-6A, C2-4 Gross Income: $206,520 Great investment opportunity in prime Sunset Park location with high visibility and heavy foot traffic! The property contains two stores on the first floor, and six (6), two bedroom apartments above the commercial stores. The building is fully leased with stable and current tenants. The property is located in the busiest stretch of 5th Avenue retail section, one block away from R train station on 4th Avenue, bus route on 4th Avenue, 5th Avenue, 60th Street and highway access minutes away. It is also minutes away from Sunset Park, 8th Avenue retail district, Costco, and Industry City. Call for building setup and to schedule your private showing today!

Getting Around

96
WalkingWalker's Paradise
0
TransitVery Limited Transit
84
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1904

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 8
  • Full bathrooms: 6
  • 1/2 bathrooms: 2

Interior Area

  • Total structure area: 6,500
  • Total interior livable area: 6,500 sqft

Property

Details

  • Parcel number: 008480005
  • Special condition: Resale

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Kings County and New York

Flood
Severe Storm
Snowstorm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,057$168,684
Home Insurance *$663$7,956
Property Taxes $1,297$15,564
Electricity $1,074$12,890
Total$17,091$205,092
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$585,977/yr
40% on housing$512,730/yr
45% on housing$455,760/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$428This listing

vs Other Active Listings

Avg $/sqft

ZIP 11220$877
Kings County$697

vs Homes Sold Last Month

Median $/sqft

ZIP 11220$660
Kings County$623

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2023-11-28Listed for sale$2,780,000
2023-11-10Listing removed--
2023-06-01Price change$2,780,000
2023-04-21Listed for sale$2,980,000
2023-01-01Listing removed--
2021-09-20Listed for sale$3,200,000
2012-08-14Sold$1,385,000
2006-05-18Sold$700,000

For Sale by Agent

AgentAlan Ng
BrokerageRemax Real Estate Professionals

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