This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
$2,599,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/9
Property Description
Exceptional opportunity to acquire a fully leased mixed-use building in the heart of Bay Ridge, one of Brooklyn's most sought-after neighborhoods. This four-story property sits on a 20 x 89 lot and features a 20 x 75 building footprint, maximizing usable space across all levels. The asset includes a high-visibility retail storefront on the ground level, currently occupied by a long-term commercial tenant, and seven residential apartments above-each with updated leases and strong in-place income. The unit mix offers a range of layouts that appeal to the area's rental demand, ensuring consistent cash flow and minimal vacancy. Located near public transportation, retail, dining, and everyday conveniences, the building enjoys excellent foot traffic and local amenities. With gross annual income exceeding $206,000, this investment provides immediate returns and long-term growth potential for investors seeking durable income in a prime Bay Ridge location. Prime Bay Ridge location surrounded by shops, restaurants, and easy access to public transportation. High foot traffic and vibrant neighborhood charm.
Full Property Details
Full Property Details for 7407 5th Ave
General
- Price: $2,599,000
- Taxes: $26,550
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 858608
- Updated: 5/6/2025
- Added to Site: 256 day(s) ago
Rental Information
- Complex Features: High Speed Internet, Quartz/Quartzite Counter Tops, Walk Up
Interior
- Appliances: Microwave, Refrigerator, Stainless Steel Appliance(s)
- Flooring: Ceramic Tile
Location
- County: Kings (Brooklyn)
- Cross Streets: Bay Ridge Parkway
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 4
- Stories in Building: 4
- Building Size: 6000
- Square Feet: 6,000
- Year Built: 1936
Lot Features
- Lot Size (Acres): 0.0426
- Lot Size (Sq. Ft.): 1,855
- Zoning: R6B C1-3
Financial Considerations
- Tax Amount: $26,550.64
Disclosures and Reports
- Special Conditions: None
- Property ID: 05931-0010
- Block: 5931
- Lot Number: 10
Listed by Coldwell Banker Reliable R E
Get Pre-Approved Today
Schools
Schools serving 7407 5th Ave
School District:New York City Geographic School District 20
| Name | Grades | Distance |
|---|---|---|
Ralph A Fabrizio School 619 72nd Street, Brooklyn, NY 11209 | K-4 | 0.2 mi |
Jhs 259 William Mckinley 7305 Fort Hamilton Parkway, Brooklyn, NY 11228 | 6-8 | 0.4 mi |
Fort Hamilton High School 8301 Shore Road, Brooklyn, NY 11209 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7407 5th Ave
Date
Details
Price
Change
Source
5/06/2025
Listed
$2,599,000
57.52%
MLS
4/28/2022
Sold
$1,650,000
—
Public Record
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 7407 5th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$27,151
2%
$217,205
-57%
2024
$26,551
8%
$509,850
8%
2023
$24,584
3%
$473,400
-2%
2022
$23,906
8%
$485,100
-15%
2021
$22,135
6%
$570,600
-9%
2020
$20,840
2%
$627,300
—
2019
$20,376
7%
$627,300
315%
2017
$19,067
—
$151,262
1%
2017
$19,067
7%
$149,909
8%
2016
$17,895
8759%
$138,805
8%
2015
$202
-99%
$128,524
2%
2014
$16,114
4%
$125,664
8%
2013
$15,490
—
$116,356
—
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 7407 5th Ave
7407 5th Avenue, Brooklyn, NY 11209 (MLS# 858608) is a Commercial property. 7407 5th Avenue is currently listed for $2,599,000 and was received on May 06, 2025. Want to learn more about 7407 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.

