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    867 53Rd St Brooklyn, NY 11220

    For Sale
    $1,050,000

    Commercial - Brooklyn, NY

    Property size:
    1,439 SF
    Lot size:
    0.07 Acres
    Days on Market:
    77
    Last Refresh:
    Dec 14 at 6:06 am

    Property Features for 867 53Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R6
    Size
    1,439 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# 496171 Listing URL

    Copyright © 2025 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

    Sunset Park Commercial Condo Unit

    Located in the heart of Sunset Park, this commercial condo unit is situated on the fourth floor and offers 1,439 square feet of versatile space. The unit is currently vacant, making it suitable for a variety of potential uses. The building is in excellent condition and features elevator access. A 15-year tax abatement is in place. The property is ideally situated near major banks and a wide range of shopping options. Owner financing is available at a 6% rate, with the option to close within 30 days. This property presents a prime opportunity for investors or end-users. 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?
    Specialty property - Versatile commercial condo in Sunset Park, ready for various uses.
    Where is this specialty property located?
    The property is located at 867 53Rd St Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Sunset Park, near major banks and shopping.; - Take advantage of the **15-year tax abatement**.; - Versatile 1,439 sq. ft. vacant space suitable for various uses.
    (718) 382-0001
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    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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