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    816 58Th St Brooklyn, NY 11220

    Sponsored
    For Sale
    $3,600,000

    Store - Brooklyn, NY

    Property size:
    3,853 SF
    Lot size:
    0.14 Acres
    Days on Market:
    252
    Last Refresh:
    Jan 5 at 1:06 pm

    Property Features for 816 58Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6, C1-3
    Size
    3,853 SF
    Lot size
    0.14 Acres

    Building Details

    Architectural style
    Other

    Fang Fang Realty Inc (718) 676-2518

    Listing agent XueFang (Sue) Li (718) 676-2518

    Listing date Apr 29, 2025

    MLS# 492229 Listing URL

    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.

    Overview

    Upscale Commercial Condo with Terrace

    This brand new upscale commercial condominium, situated on 8th Avenue in Brooklyn, is available for sale. The property features approximately 3853 square feet of space, complemented by an expansive terrace of about 1300 square feet. The space is suitable for a wide range of professional and retail uses, accommodating any type of business. The layout includes two separate entrances, ceiling heights of 9 to 10 feet, and convenient elevator access, providing flexibility and privacy for both clients and staff. Located in the heart of Brooklyn’s 8th Avenue commercial district, the location benefits from high visibility and foot traffic. Commuting and client access are facilitated by its proximity to the N train station and the B9 and B70 bus stops. The property benefits from low taxes due to a 25-year tax abatement. This is a rare opportunity for either owner-use or investment. The lot size is approximately 0.138 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C & L Ny ... General Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -74.008082
    Latitude
    40.636176

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    FAQs

    What type of property is this?
    Retail space - New commercial condo in Brooklyn with terrace, suitable for various businesses.
    Where is this retail space located?
    The property is located at 816 58Th St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: - 25-year tax abatement resulting in low taxes.; - Prime location in the heart of Brooklyn's 8th Avenue commercial district with high visibility and foot traffic.; - Approximately 3853 sq ft of commercial space with an expansive 1300 sq ft terrace.
    (718) 676-2518
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    816 58Th St Brooklyn, NY 11220
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