The commercial land for sale in downtown Brooklyn presents an excellent opportunity for builders. The vacant lot, with dimensions of 25x93.33 and zoned R6A, C1-4, offers 2333 sq. ft. of space. Additionally, it has the potential to accommodate a structure of 7000 sqft above ground along with a 2333 sqft basement. Its prime location close to the Barclays Center further adds to its appeal for potential development.
Property Details
Property Features
Listing Office:
Office Name: Royalux Realty LLC
Office Phone: (917) 257-6112
Interior Features
Interior Information:
Basement: No
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 0.05 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $3,900,000
Tax Information:
Annual Amount: $11,238
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Brooklyn, NY.
This property is $2.9M more than the Median Sold Price in Brooklyn, NY.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY2
MLS Number: #L3561549
Listing Office:
Office Name: Royalux Realty LLC
Office Phone: (917) 257-6112
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 1/2/2025, 10:56:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$11,238
$106,650
2019
$11,237
$106,650
2018
$12,900
$107,100
2017
$12,669
$134,100
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.5K
Per Month
Principal & Interest
$19.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.7K
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
PS 133 William a Butler
610 Baltic St
Distance between this listing and this school0.12 miles
Public District Grades PK-5
6
/10
P.S. 38 The Pacific School
450 Pacific St
Distance between this listing and this school0.44 miles
Public District Grades PK-5
9
/10
P.S. 321 William Penn School
180 7th Ave
Distance between this listing and this school0.55 miles
Public District Grades KG-5
Nearby Schools
4
/10
Middle School 266 Park Place Community Middle School
62 Park Pl
Distance between this listing and this school0.12 miles
Public District Grades 6-8
5
/10
P.S. 282 Park Slope School
180 6th Ave
Distance between this listing and this school0.22 miles
Public District Grades PK-8
6
/10
Math and Science Exploratory School (The)
345 Dean St
Distance between this listing and this school0.30 miles
Public Magnet Grades 6-8
Nearby Schools
5
/10
Brooklyn High School of the Arts
345 Dean St
Distance between this listing and this school0.30 miles
Public District Grades 9-12
1
/10
Khalil Gibran International Academy
362 Schermerhorn St
Distance between this listing and this school0.47 miles
Public District Grades 9-12
9
/10
Brooklyn Technical High School
29 Fort Greene Pl
Distance between this listing and this school0.64 miles
The neighbors living near this home have an average income of $91,146. The majority of Brooklyn, NY residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 108 5th Ave
What is the listing price of this property?
The listing price of 108 5th Ave property is $3,900,000.
What type of property is this?
The property 108 5th Ave is land located in Brooklyn, New York, 11217.
Is this property for sale now?
Active Listing: 108 5th Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $11,238 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 108 5th Ave in Brooklyn, NY and zip code 11217 in the South Brooklyn neighborhood. This home sits on a 0.05 acre lot. It has been listed on Rocket Homes since June 25, 2024 and is currently priced at $3,900,000.
In December 2024, from all listings sold in Brooklyn, NY there were more than 40 sold above asking price, over 178 sold below and more than 257 were sold right at the asked price. The number of listings in Brooklyn, NY decreased by 10.4% between November 2024 and December 2024. The median list price of listings available in December 2024 was $987,395, while the average time on the real estate market was 88 days.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
Art Museums
Art Museums
Music Concerts
Tennis
Bloomingdales
H&M
Crate & Barrel
Starbucks
Chipotle
Boston Market
Audi
Volkswagen
BMW
News
Rhythmic Contemporary Hits