Duplex Office Condo with Two
1a-6911 Shore Rd Brooklyn, NY 11220
1a-6911 Shore Rd, Brooklyn, NY, 11220
$679,000
For Sale
$679,000
Own a duplex first-floor commercial condo featuring two bathrooms, ample storage, and low common charges.
Property Size1,496 SF
Price / SF$453.88
Days on Market779
Property Features for 1a-6911 Shore Rd
General Information
- Standard status
- Active
- Size
- 1,496 SF
Listing agency
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed by
Charles A. Fabbella
(718) 238-6080
Source
Exprealty
Added: Jun 5, 2024 Updated: Jul 21 at 10:34AM Checked: Jul 22 at 11:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ben Bay Realty Co of Bay Ridge
Investment Insights
Based on property information with market context.
This unique commercial condo is configured as an approximately 1,500-square-foot duplex first-floor unit designed for professional retail office use. The layout includes two bathrooms, built-in style counters, and extensive storage and closet space.
The unit is located at 1A-6911 Shore Rd in Brooklyn. It sits across from Shore Road Park and near the 69th Street Pier and the 69th Street Ferry.
Ownership includes low common charges of $896.94 per month and low property taxes of $9,506.78 per year, based on the information provided. If you are looking to replace recurring rent with ownership, this condo offers a turn-key office-ready configuration in a waterfront-adjacent setting.
The unit is located at 1A-6911 Shore Rd in Brooklyn. It sits across from Shore Road Park and near the 69th Street Pier and the 69th Street Ferry.
Ownership includes low common charges of $896.94 per month and low property taxes of $9,506.78 per year, based on the information provided. If you are looking to replace recurring rent with ownership, this condo offers a turn-key office-ready configuration in a waterfront-adjacent setting.
Key Highlights
- Approximately 1,500 SF duplex first‑floor commercial condo, suited for a professional retail office
- Two bathrooms, with built‑in storage and closet space
- Low common charges: $896.94/month
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.4k | $50.40 |
| − Vacancy | −$15.8k | −$10.58 |
| EGI | $59.6k | $39.82 |
| − OpEx | −$14.9k | −$9.95 |
| NOI | $44.7k | $29.86 |
1,496 SF · lease $50.40/SF/yr · vacancy 21.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$638.2K
$558.4K – $744.6K
NOI $44,674 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$969.8K
$848.6K – $1.13M
NOI $67,887 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Own a duplex first-floor commercial condo featuring two bathrooms, ample storage, and low common charges.
Where is this office units located?
The property is located at 1a-6911 Shore Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: Approximately 1,500 SF duplex first‑floor commercial condo, suited for a professional retail office; Two bathrooms, with built‑in storage and closet space; Low common charges: $896.94/month
