Brooklyn Commercial Condo For
720 57th Street Brooklyn, NY 11220
720 57th Street, Brooklyn, NY, 11220
$2,264,000
For Sale
$2,264,000
COMMERCIAL - Brooklyn, NY
Property Size2,830 SF
Lot Size0.14 Acres
Price / SF$800
Days on Market115
Property Features for 720 57th Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- r6
- Standard status
- Active
- Size
- 2,830 SF
- Lot size
- 0.14 Acres
Building Details
- Flooring type
- Ceramic
- Roof type
- Flat
Listing agency
Ashford Homes LLC
(929) 364-1301
Listed by
Shumin (Mandy) Tan
(929) 364-1301
Added: Mar 30 Updated: Apr 30 at 2:02PM Checked: Jul 22 at 5:06AM
MLS# 500087
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 commercial condominium is located in Sunset Park, Brooklyn. The property is currently leased to an adult recreational center for $11,000 per month. The unit has a size of 2,830 square feet and is situated on a lot of 0.1377 acres. The zoning is R6.
Key Highlights
- Prime Sunset Park location
- Commercial condo
- Leased to an Adult Recreational center, providing a steady income stream
Local Financial Insights For Retail
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 | $118.9k | $42.00 |
| − Vacancy | −$12.1k | −$4.28 |
| EGI | $106.7k | $37.72 |
| − OpEx | −$32.0k | −$11.31 |
| NOI | $74.7k | $26.40 |
2,830 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$933.9K – $1.25M
NOI $74,715 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.61M – $2.14M
NOI $128,423 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brooklyn Elite Center ...
High School
apartment
Hotel & Motel
Brooklyn Asian Civilian ...
Public Safety Office
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FAQs
What type of property is this?
Retail space - Commercial condo in Sunset Park, currently leased to recreational center.
Where is this retail space located?
The property is located at 720 57th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,264,000.
What are key features of this property?
This property features: Prime Sunset Park location; Commercial condo; Leased to an Adult Recreational center, providing a steady income stream
