7823 5th Ave #1, Brooklyn, NY, 11209
About This Home
12-Family (8 Stabilized / 4 Free Market) + Large Storefront — Prime 5th Ave Location FOR SALE – PRIME BAY RIDGE MIXED-USE CORNER BUILDING 7823–7825 5th Avenue a.k.a. 509 79th Street, Brooklyn, NY 11209 Exceptional opportunity to acquire a well-located mixed-use income property in the heart of Bay Ridge’s established retail corridor. This prominent corner building features 12 residential apartments over a large ground-floor retail space with a full basement, offering immediate income and significant upside potential. The property currently produces stable residential income. The commercial space has recently been vacated, allowing a new owner to lease at current market rents and substantially increase NOI. Property Details • 12 Residential Units • 8 One-Bedrooms • 4 Two-Bedrooms • Ground Floor Retail: approx. 3,000 SF • Full Basement: approx. 3,000 SF • Corner frontage with excellent visibility • Heavy pedestrian and vehicle traffic A rare mixed-use asset delivering scale, visibility, and long-term value. For additional information or to schedule a private showing, please contact the broker.
Getting Around
Walker's Paradise
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 15
- Bathrooms: 15
- Full bathrooms: 15
Features
- Flooring: Hardwood
Interior Area
- Total structure area: 14,074
- Total interior livable area: 14,074 sqft
Property
Details
- 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
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $22,248 | $266,976 |
| Home Insurance * | $1,069 | $12,828 |
| Property Taxes | $2,053 | $24,636 |
| Electricity | $2,325 | $27,910 |
| Total | $27,695 | $332,340 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Price change | $4,399,999 |
| 2026-02-20 | Listed for sale | $4,600,000 |
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