Brick Storefront
For Sale
$1,030,400
720 57th Street, Brooklyn, NY 11220
Commercial, Brooklyn, NY
Property Size1,288 SF
Lot Size0.00 Acres
Price / SF$800
Days on Market161
Property Features for 720 57th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
r6
Subdivision
Sunset Park
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
Listed By:
Shumin (Mandy) Tan
(929) 364-1301
Added: Mar 30
Changed: Aug 20
Last Checked: Sep 6 at 9:06PM
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.
Located at 720 57th Street in Brooklyn, this commercial condominium contains 1,288 square feet of storefront space. The building features brick construction, ceramic flooring, and a flat roof. The property carries r6 zoning.
The unit is currently occupied by a single tenant, establishing an existing commercial occupancy profile. Its storefront configuration and retail classification support continued consideration for commercial use, subject to applicable zoning requirements.
The unit is currently occupied by a single tenant, establishing an existing commercial occupancy profile. Its storefront configuration and retail classification support continued consideration for commercial use, subject to applicable zoning requirements.
Key Highlights
- 1,288‑square‑foot commercial condominium at 720 57th Street
- Storefront property with brick construction
- Ceramic flooring throughout the unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,005
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,100
$680.1K
Cap Rate 7%
$485,786
$485.8K
Cap Rate 9%
$377,833
$377.8K
Market Conditions
NOI Build-Up for 1,288 SF
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.
Gross rent
$54.1K $42.00/SF
− Vacancy
−$5.5K −$4.28/SF
EGI
$48.6K $37.72/SF
− OpEx
−$14.6K −$11.31/SF
NOI
$34.0K $26.40/SF
Area
ZIP 11220
Vacancy
10.20%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$680,100
Cap Rate 7%
$485,786
Cap Rate 9%
$377,833
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,012
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 17%
Electronics 8%
Home Improvements & Furnishings 5%
Chase Bank
Shops & Services
16,183 visits/mo
0.5 miles
Shell
Shops & Services
14,799 visits/mo
0.4 miles
Carvel Ice Cream
Dining
5,481 visits/mo
0.4 miles
W 8 Electric Supply Corp.
Home Improvements & Furnishings
2,500 visits/mo
0.2 miles
Boost Mobile
Electronics
2,500 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Brick construction, ceramic flooring, and a flat roof define the finished commercial unit.
Where is this storefront property 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: 1,288‑square‑foot commercial condominium at 720 57th Street; Storefront property with brick construction; Ceramic flooring throughout the unit
