This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
$1,988,888 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/3
Property Description
Rare investment opportunity in the heart of Park Slope! This prime mixed-use property is ideally situated on a heavily traveled corridor with exceptional foot and vehicle traffic, providing outstanding visibility for commercial use. Conveniently located near public transportation, shopping, schools, and neighborhood amenities, with immediate access to the Prospect Expressway. The property features a street-level retail space occupied by a well-established dry cleaning business with approximately 2.5 years remaining on the current lease, offering immediate rental income. Above the commercial space are two residential apartments consisting of a spacious 6-room unit over a 5-room unit, both of which will be delivered vacant, providing excellent opportunities for owner occupancy or market-rate rentals. Additional features include a full basement with street access, three separate gas-fired boiler systems, separate hot water heaters, and individual utility meters. The property has been well maintained and is in good overall condition. An outstanding opportunity for investors, owner-users, or developers seeking a highly visible, income-producing asset in one of Brooklyn's most desirable neighborhoods.
Full Property Details
Full Property Details for 622 5th Ave
General
- Price: $1,988,888
- Taxes: $9,518
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 1024014
- Updated: 7/10/2026
- Added to Site: 7 day(s) ago
Business
- Business Type: Dry Cleaner
Location
- County: Kings (Brooklyn)
- Cross Streets: 17th Street
- Driving Directions: Use GPS
School Information
- High School District: Brooklyn 15
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
- Heating Zones: 3
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Structural Information
- Detached/Attached: Attached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Full Basement, Storage Space, Unfinished, Walk-Out Access
- Building Size: 2772
- Square Feet: 2,772
- Year Built: 1919
Financial Considerations
- Tax Amount: $9,518
Disclosures and Reports
- Special Conditions: None
- Property ID: 00631-0047
- Block: 631
- Lot Number: 47
Listed by Signature Premier Properties
Get Pre-Approved Today
Schools
Schools serving 622 5th Ave
School District:New York City Geographic School District 15
| Name | Grades | Distance |
|---|---|---|
Ps 295 330 18th Street, Brooklyn, NY 11215 | PK-5 | 0.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 622 5th Ave
Date
Details
Price
Change
Source
7/10/2026
Listed
$1,988,888
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 622 5th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,635
—
$164,940
244%
2025
$9,635
1%
$47,969
-58%
2024
$9,535
6%
$112,980
13%
2023
$8,996
5%
$99,840
27%
2022
$8,581
-49%
$78,360
9%
2021
$16,825
99%
$71,640
-11%
2020
$8,461
1%
$80,100
-5%
2019
$8,374
17%
$84,300
126%
2017
$7,178
—
$37,323
6%
2017
$7,178
8%
$35,211
6%
2016
$6,659
1273%
$33,312
—
2015
$485
-92%
$33,312
1%
2014
$6,454
21%
$32,969
6%
2013
$5,342
—
$31,103
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 622 5th Ave
622 5th Avenue, Brooklyn, NY 11215 (MLS# 1024014) is a Commercial property. 622 5th Avenue is currently listed for $1,988,888 and was received on July 10, 2026. Want to learn more about 622 5th Avenue? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

