Open Your Business On 5th
Looking to open a business in a thriving, community-driven neighborhood? Bay Ridge’s 5th Avenue is the perfect place to set up shop! As the heart of local commerce, 5th Avenue offers high foot traffic, a diverse customer base, and a supportive network of fellow business owners. Whether you're launching a boutique, café, or service-based business, our vibrant corridor provides the visibility and resources needed for success. Join a growing community of entrepreneurs and take advantage of everything Bay Ridge’s premier shopping district has to offer!
Business Demographics
Bay Ridge's 5th Avenue presents a compelling opportunity for prospective business owners, offering a vibrant community and diverse customer base. The neighborhood's population is approximately 111,952, with a median age of 38, indicating a balanced mix of age groups.​
​The area is characterized by its rich cultural diversity:
-
​MENA: 51.7%
-
White (Non-Hispanic): 32.2%
-
Asian (Non-Hispanic): 14.8%
-
Hispanic: 3.7%
-
Black (Non-Hispanic): 1.0%
The economic landscape is favorable, with a median household income of $105,177 as of 2020.​
In 2022, the largest share of households (33.7%) had incomes ranging from $100,001 to $250,000, reflecting a stable and affluent customer base.
The community's commitment to preserving its residential charm is evident through zoning regulations that limit high-rise developments, maintaining the neighborhood's appeal and ensuring a consistent local clientele.
Business Outlook & Trends
Transportation
​
Average Weekday Subway Ridership via R train
-
Bay Ridge Avenue Stop: 7,236
-
77th Street Stop: 5,612
-
86 Street Stop: 11,338