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    867 53Rd St Brooklyn, NY 11220

    Sponsored
    For Sale
    $968,000

    Commercial - Brooklyn, NY

    Property size:
    1,335 SF
    Lot size:
    0.07 Acres
    Days on Market:
    101
    Last Refresh:
    Jan 7 at 9:06 pm

    Property Features for 867 53Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6
    Size
    1,335 SF
    Lot size
    0.07 Acres

    Building Details

    Roof type
    Flat
    Architectural style
    Other

    Momentum Real Estate LLC (718) 382-0001

    Listing agent Yan Mei (Jamie) Zheng (718) 382-0001

    Listing date Sep 29, 2025

    MLS# 496173 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

    Brooklyn Commercial Condo Investment Opportunity

    This commercial condo unit, located in Sunset Park, Brooklyn, offers an investment opportunity with an existing tenant. The 1,335 square foot unit is situated on the sixth floor of an elevator building and is currently occupied by a cram school for children. The property generates an estimated gross annual income of $54,000. A 15-year tax abatement is in place, and the monthly common charges are $545. The building is described as being in excellent condition. Owner financing is available at a 6% rate, with the possibility of closing within 30 days. The property allows for immediate rent collection upon closing. The zoning is R6. Buyers have the option to purchase all units together.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Times English tutoring ... Education Center

    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
    -74.003654
    Latitude
    40.638626

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    FAQs

    What type of property is this?
    Investment property - Commercial condo in Sunset Park with tenant and tax abatement.
    Where is this investment property located?
    The property is located at 867 53Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $968,000.
    What are key features of this property?
    This property features: - Immediate rental income upon closing with an estimated gross annual income of $54,000.; - Enjoy a 15-year tax abatement.; - Owner financing available at 6%.
    (718) 382-0001
    Request Owner's contact information
    867 53Rd St Brooklyn, NY 11220
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    Brooklyn, NY 11220
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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
    867 53Rd St Brooklyn, NY 11220
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