Community Service
For Sale
$880,000
7910 4th Ave C1, Brooklyn, NY 11209
Brand new community service center offering two entrances, two restrooms, and full accessibility within a tax-abatement program.
Property Size2,100 SF
Price / SF$419.05
Days on Market45
Property Features for 7910 4th Ave C1
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Building Details
Building Size
2,100 SF
Listing Agency:
King Zone Realty Inc
Listed By:
Xiao Xian (Isabel) Zhen
(718) 871-0888
Source:
Elliman
Added: Jul 21
Changed: Aug 14
Last Checked: Sep 1 at 8:17PM
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 King Zone Realty Inc
Investment Insights
Based on property information with market context.
Brand new construction community service center in Bay Ridge (south Brooklyn) offered for sale. The space is approximately 2,100 square feet and features a well-proportioned, practical layout with ample ceiling height. Designed for community use, it includes two separate entrances, two restrooms, and elevator/stairs access, with full accessibility throughout. The building is in brand new condition with no additional renovation required.
The offering is positioned for transit convenience, with the R train within a short distance. The property also benefits from an approximately 25-year tax abatement.
The configuration supports a range of community-oriented activities, including after-school tutoring, community classrooms, art workshops, non-profit organization offices, mutual aid societies, and small fitness or dance studio operations, as well as other community service uses.
The offering is positioned for transit convenience, with the R train within a short distance. The property also benefits from an approximately 25-year tax abatement.
The configuration supports a range of community-oriented activities, including after-school tutoring, community classrooms, art workshops, non-profit organization offices, mutual aid societies, and small fitness or dance studio operations, as well as other community service uses.
Key Highlights
- Brand new community service center in Bay Ridge, South Brooklyn, about 2,100 SF
- Two separate entrances with two restrooms, supporting flexible use and convenient access
- Elevator and stairs available, with full accessibility built to community space standards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,391
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,820
$1.0M
Cap Rate 7%
$748,443
$748.4K
Cap Rate 9%
$582,122
$582.1K
Market Conditions
NOI Build-Up for 2,100 SF
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.
Gross rent
$90.7K $43.20/SF
− Vacancy
−$20.9K −$9.94/SF
EGI
$69.9K $33.26/SF
− OpEx
−$17.5K −$8.32/SF
NOI
$52.4K $24.95/SF
Area
Brooklyn, NY
Vacancy
23.00%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,820
Cap Rate 7%
$748,443
Cap Rate 9%
$582,122
Alternative Uses
Best Use
Office B
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.74M
$1.52M – $2.03M
NOI $121,716 @ 7.0% cap · market cap 13.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Brand new community service center offering two entrances, two restrooms, and full accessibility within a tax-abatement program.
Where is this office units located?
The property is located at 7910 4th Ave C1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $880,000.
What are key features of this property?
This property features: Brand new community service center in Bay Ridge, South Brooklyn, about 2,100 SF; Two separate entrances with two restrooms, supporting flexible use and convenient access; Elevator and stairs available, with full accessibility built to community space standards
