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    423 39Th St Brooklyn, NY 11203

    For Lease
    $15,600 /Mo ($33 SF/Yr)

    5600 sq ft office and commercial space for lease.

    Property size:
    5,600 SF
    Lot size:
    0.05 Acres

    Property Features for 423 39Th St

    General Information

    Size
    5,600 SF
    Lot size
    0.05 Acres

    Source: Brooklyn Real Property Inc | Downtown Brooklyn Agent Irene Paoli

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sunset Park Office/Retail Space

    This is a Class B office and commercial elevator building constructed in 2008, located in the Sunset Park/South Slope area. The property offers 5,600 square feet of space available for lease. The space can be subdivided or subleased and is suitable as a business incubator. It features central air conditioning and heating and is in good condition. The property benefits from a prime location with high visibility, close to transportation, shopping, and restaurants.
    Insight Report Location Intelligence

    Current Use by Public Records

    Turning Point Discipleship Learning 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
    -74.00535
    Latitude
    40.652405

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    FAQs

    What type of property is this?
    Office space - 5600 sq ft office and commercial space for lease.
    Where is this office space located?
    The property is located at 423 39Th St Brooklyn, NY.
    What is the lease rate?
    The lease rate is $33 SF/Yr.
    What are key features of this property?
    This property features: - Prime location near transportation, shopping, and restaurants.; - **5600 sq ft of office/commercial space available for lease.**; - Can be subdivided/subleased for flexible space options.
    (917) 679-5373
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    423 39Th St Brooklyn, NY 11203
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    Brooklyn, NY 11203
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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
    423 39Th St Brooklyn, NY 11203
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