Brooklyn Commercial Condo For
720 57th Street Brooklyn, NY 11220
720 57th Street, Brooklyn, NY, 11220
$1,030,400
For Sale
$1,030,400
COMMERCIAL - Brooklyn, NY
Property Size1,288 SF
Lot Size0.00 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
- 1,288 SF
- Lot size
- 0.00 Acres
Building Details
- Flooring type
- Ceramic
- Building materials
- Brick
- 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 2:01PM Checked: Jul 22 at 4:06AM
MLS# 500086
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 condo is located in Sunset Park, Brooklyn. The property has a size of 1288 square feet and is zoned R6. The monthly common fee is $376.62. Currently, the units are rented to a single tenant with a total rent of $15,000 per month. The lot size is 0.0023 acres.
Key Highlights
- Prime Sunset Park location
- Commercial condo
- Currently rented to a single tenant, generating a monthly rental income of $15,000
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 | $54.1k | $42.00 |
| − Vacancy | −$5.5k | −$4.28 |
| EGI | $48.6k | $37.72 |
| − OpEx | −$14.6k | −$11.31 |
| NOI | $34.0k | $26.40 |
1,288 SF · lease $42.00/SF/yr · vacancy 10.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$485.8K
$425.1K – $566.8K
NOI $34,005 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$835.0K
$730.6K – $974.1K
NOI $58,448 @ 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 rented for $15,000/month.
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 $1,030,400.
What are key features of this property?
This property features: Prime Sunset Park location; Commercial condo; Currently rented to a single tenant, generating a monthly rental income of $15,000
