Prime Investment Opportunity in the Heart of Sunset Park
5217 8th Avenue presents an exceptional opportunity to acquire a strategically located Brooklyn property along one of Sunset Park’s most active and established commercial corridors.
Situated in the heart of the vibrant 8th Avenue community, the property benefits from strong neighborhood activity, convenient transportation, established businesses, restaurants, supermarkets, and a dense surrounding residential population—important fundamentals for long-term real estate ownership.
For investors, the true appeal lies in the property's location and future potential. Properties along established Brooklyn commercial corridors are increasingly difficult to replicate, making this an attractive opportunity for buyers focused on long-term appreciation, income potential, and value creation.
The property may offer opportunities for an investor to enhance operations, reposition the asset, increase income, or explore future redevelopment possibilities, subject to applicable zoning and governmental approvals.
With its combination of a prime 8th Avenue location, strong neighborhood fundamentals, accessibility, and long-term upside potential, 5217 8th Avenue represents an opportunity to acquire a well-positioned asset in one of Brooklyn’s established communities.
Ideal for investors, owner-users, and buyers seeking a long-term Brooklyn real estate holding with value-add potential.
Active
$5,500,000
5217 8th Ave, Brooklyn, NY 11220
0beds
3,720sqft
Mixed Use
Built in 1920
-- sqft lot
$1,048,100 Zestimate®
$1,478/sqft
$-- HOA
What's special
- 1 day
- 60
- 1
Zillow last checked:
Listing updated:
Listed by:
Eugene Huang, LREB 646-688-8884,
Eugene Huang
Source: StreetEasy,MLS#: S1848972
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Appliances
- Laundry: Inside
Features
- Has fireplace: No
Interior area
- Total structure area: 3,720
- Total interior livable area: 3,720 sqft
Property
Details
- Parcel number: 056580003
- Special conditions: Resale
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
Condition
- Year built: 1920
Community & HOA
Community
- Subdivision: Sunset Park
HOA
- Has HOA: Yes
- Amenities included: Laundry
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $1,478/sqft
- Tax assessed value: $784,000
- Annual tax amount: $13,191
- Date on market: 9/22/2026
Estimated market value
$1,048,100
$933,000 - $1.16M
$3,406/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2026 | Listed for sale | $5,500,000$1,478/sqft |
Source: StreetEasy #S1848972 Report a problem | ||
| 4/8/2014 | Listing removed | $2,600$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 1/9/2014 | Listed for rent | $2,600$1/sqft |
Source: Zillow Rental Network Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,191 -0.5% | $352,800 +11.5% |
| 2024 | $13,257 | $316,350 +7.8% |
| 2023 | -- | $293,400 -1.4% |
| 2022 | -- | $297,450 +8.4% |
| 2021 | -- | $274,500 -9.6% |
| 2020 | $10,174 | $303,750 |
| 2019 | $10,174 | $303,750 +284.4% |
| 2018 | -- | $79,011 +8% |
| 2017 | $9,307 +6.6% | $73,171 +8% |
| 2016 | $8,730 | $67,765 +8% |
| 2015 | $8,730 +60.2% | $62,747 |
| 2014 | $5,449 | $62,747 |
Find assessor info on the county website






