5116 Avenue South, New York City, NY 11234
Listing Courtesy of Bond New York Properties LLC
$999,000
Potential Rebate: $14,985
Overview
Welcome to 5116 Avenue S, a well-maintained and thoughtfully updated brick home offering generous living space, strong rental potential, and unmatched convenience in the desirable Mill Basin neighborhood of Brooklyn. Known for its peaceful environment, waterfront charm, and suburban feel, Mill Basin is the perfect blend of comfort and accessibility.<br><br>Owners Duplex (Main & Second Floor)<br>The main level offers a warm living room, a dedicated dining room, a bright kitchen, and a convenient half bathroom. Natural light and hardwood floors create a welcoming flow throughout.Upstairs, you'll find three well-proportioned bedrooms and a full bathroom, ideal for privacy and comfort.<br><br>Renovated Rental Unit (Ground Floor)<br>A fully separate 2-bedroom, 1 bath apartment, renovated in 2022, provides excellent rental revenue potential or an ideal living space for multigenerational living. Modern finishes make this unit move-in ready.<br><br>Basement & Garage<br>In the rear of the house a driveway and connected two car garage offers secure parking and storage. The bonus room right off the garage provides flexible space for an office, gym, hobby room, or additional recreation area.<br><br>Key Features & Recent Updates<br>* New windows throughout <br>* Exterior steps fully redone in 2024<br>* Sidewalk was redone in August 2025<br>* Roof professionally inspected annually<br>* Hardwood floors throughout<br>* Classic brick faade with gated front porch<br>* Bright, well maintained interiors<br><br>Mill Basin Neighborhood Highlights<br>Mill Basin is cherished for its quiet streets, community feel, and quick access to both nature and city conveniences.<br>Nearby Points of Interest include:<br>* Kings Plaza Mall major shopping, dining & retail<br>* Bergen Beach Park great for outdoor recreation<br>* Marine Park Brooklyns largest park with trails, fields & nature preserves<br>* Avenue U Shopping District supermarkets, pharmacies & cafs<br>* BM1 express bus for direct commuting to Manhattan<br>* Close to the Belt Parkway, offering easy travel throughout Brooklyn and Queens<br>And just a short drive away from Floyd Bennett Field, Jacob Riis Park & Riis Beach, one of NYCs most popular oceanfront destinations featuring sandy beaches, a boardwalk, seasonal concessions, and beautiful waterfront views, perfect for summer relaxation and weekend escapes.<br><br>Whether youre looking for a home with rental potential, multigenerational living, or a solid long-term investment, 5116 Avenue S offers incredible value, space, and convenience in one of Brooklyns most welcoming neighborhoods.<br>Dont miss the opportunity to call Mill Basin home.<br><br>BOND New York Properties is a licensed real estate broker that proudly supports equal housing opportunity.
Home Features
- •Garage
- •Building Garden
- •Garden
- •Private Outdoor Space Over 60 Sqft
- •Stainless Steel Appliance(s)
- •Hardwood
Building Amenities
- •Garage
Estimated Monthly Payment
$5,563 per month
30 year fixed, 6.28% Interest
Estimated Rebate for this Home
One-time rebate at closing
$14,985
Monthly savings impact
$42/mo
💡 Estimated at 1.5% of purchase price
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: This calculator provides estimates for informational purposes only. Actual monthly payments, interest rates, taxes, and rebate amounts may vary. The rebate calculation is an estimate and subject to final terms. This information is not provided by the Real Estate Board of New York (REBNY).
Why Buy With Us
Rebates Up To
2.5%
25+ Years
Experience
REBNY & NAR
Member
Verified
Listings
RLS IDX Data display by Real Estate Rebate Team. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
The Real Estate Rebate Team
Listing Courtesy of Bond New York Properties LLC
Data Source: TRESTLE #RLS20062522
Price Analysis
Compare average listing prices and value metrics for 5116 Avenue South against the surrounding Mill Basin market.
Average List Price
Price Per SqFt
17.53% Lower
than the Mill Basin price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.
Mill Basin
Overview of Mill Basin
Mill Basin is the Beverly Hills of Brooklyn. A peninsula in Jamaica Bay, it is a waterfront community of custom mansions, private docks, and gated opulence. For buyers seeking Mill Basin Brooklyn real estate, it offers a lifestyle of boating and luxury that is unique in NYC.
Living in Mill Basin is exclusive. There are no subways here. It is a strictly residential Brooklyn NYC neighborhood where life revolves around the water.
Real Estate & Housing Market
The market for homes for sale in Mill Basin is ultra-high-end. Waterfront properties with boat slips command millions.
Architecturally, it is modern and flashy. You will find Miami-style white stucco mansions alongside traditional brick colonials.
Lifestyle & Community
The lifestyle in Mill Basin is aquatic. Residents boat, jet ski, and host parties in their backyards. It is very social.
The community is wealthy and protective of its privacy.
Transportation & Accessibility
Mill Basin is a car neighborhood. There is no subway. Residents drive or use express buses to get to Manhattan.
Access to the Belt Parkway is immediate.
Parks, Schools & Amenities
Lindower Park provides local green space, but the water is the main attraction. The Kings Plaza shopping mall is nearby for retail needs.
Amenities: High-end restaurants and yacht clubs.
Who This Neighborhood Is Best For
Mill Basin is best for wealthy buyers, boaters, and those who want a private, gated-style community within Brooklyn.
