Commercial Condo with Elevator
390 Kings Highway Brooklyn, NY 11223
390 Kings Highway, Brooklyn, NY, 11223
$1,050,000
For Sale
$1,050,000
COMMERCIAL - Brooklyn, NY
Property Size3,200 SF
Lot Size0.15 Acres
Price / SF$328.13
Days on Market205
Property Features for 390 Kings Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2-3/R7A
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 36493
Building Details
- Year built
- 2009
- Number of units
- 1
- Building materials
- Block, Brick
Listing Agency
A P Services Inc
(347) 515-8272
44 Bay 38th St, Brooklyn, NY
Listed by
Aliaksei A. (Alex) Palaukou · License #AP8095
(347) 515-8272
Added: Dec 27, 2025 Updated: Jun 12 at 10:38 am Checked: Jul 20 at 5:06 pm
MLS# 498032
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial condo at 390 Kings Highway offers an open-concept interior layout with approximately 3,200 square feet of versatile space. The unit is described as having high ceilings and includes HVAC, a sprinkler system, and elevator access. It is positioned as adaptable for retail, office, or store use under the property’s commercial condo structure.
The property is located on Kings Highway at a highly visible intersection, with heavy foot and vehicular traffic noted in the remarks. Zoning is listed as C2-3/R7A. The listing also states low monthly maintenance of $655.
For tenant or owner-user considerations, the combination of open space, high ceilings, and building amenities like HVAC and sprinkler coverage supports a range of retail or office configurations. For buyers evaluating a flexible condo format, the elevator and straightforward, open layout can simplify day-to-day access and fit-out planning. The property’s traffic-focused corner location may be particularly relevant for businesses that benefit from walk-in visibility and frequent passing vehicles.
The property is located on Kings Highway at a highly visible intersection, with heavy foot and vehicular traffic noted in the remarks. Zoning is listed as C2-3/R7A. The listing also states low monthly maintenance of $655.
For tenant or owner-user considerations, the combination of open space, high ceilings, and building amenities like HVAC and sprinkler coverage supports a range of retail or office configurations. For buyers evaluating a flexible condo format, the elevator and straightforward, open layout can simplify day-to-day access and fit-out planning. The property’s traffic-focused corner location may be particularly relevant for businesses that benefit from walk-in visibility and frequent passing vehicles.
Key Highlights
- Prime location on Kings Highway in Gravesend with high visibility and heavy traffic.
- Versatile 3,200 sq. ft. open‑concept space suitable for retail, office, or store use.
- Low monthly maintenance fee of $655.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $138.2k | $43.20 |
| − Vacancy | −$31.8k | −$9.94 |
| EGI | $106.4k | $33.26 |
| − OpEx | −$26.6k | −$8.32 |
| NOI | $79.8k | $24.95 |
3,200 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,455 @ 7.0% cap · market cap 14.61%
Second Best
Office B
$1.14M
$997.9K – $1.33M
NOI $79,834 @ 7.0% cap · market cap 7.60%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 17.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Global Electronics NY
Factory
390 Kings Hwy ...
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Open-concept retail or office space with HVAC, sprinkler system, and elevator in a busy intersection setting.
Where is this retail space located?
The property is located at 390 Kings Highway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime location on Kings Highway in Gravesend with high visibility and heavy traffic.; Versatile 3,200 sq. ft. open‑concept space suitable for retail, office, or store use.; Low monthly maintenance fee of $655.
