Sunset Park Mixed-Use
For Sale
$1,800,000
135 58th St, Brooklyn, NY 11220
Store plus three offices near Lutheran Hospital and Bush Terminal.
Property Size4,750 SF
Days on Market122
Property Features for 135 58th St
General Information
Standard status
Active
Size
4,750 SF
Property subtype
Commercial
Building Details
Building Size
4,750 SF
Year Built
2001
Stories
3
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Gus Ktistakis
(718) 377-6161
Source:
Elliman
Added: Apr 24
Changed: Aug 15
Last Checked: Aug 22 at 9:59AM
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 BHHS Fillmore R.E.
Investment Insights
Based on property information with market context.
This Sunset Park building, approximately 10 years old, features a store and three offices. The property is located near Lutheran Hospital and Bush Terminal. The store is a fully equipped restaurant with a kitchen and seating for over 30 patrons. Tenants are responsible for their own heating and air conditioning utilities. The location has a bike score of 73, indicating it is very bikeable, a walk score of 74, indicating it is very walkable, and a transit score of 79, indicating excellent transit options.
Key Highlights
- Fully equipped restaurant with kitchen and 30+ seating capacity.
- Store plus 3 offices provide diverse income streams.
- Excellent Transit Score (79).
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
$150,266
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
8.35%
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%
$3,005,320
$3.0M
Cap Rate 7%
$2,146,657
$2.1M
Cap Rate 9%
$1,669,622
$1.7M
Market Conditions
NOI Build-Up for 4,750 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
$216.6K $45.60/SF
− Vacancy
−$16.2K −$3.42/SF
EGI
$200.4K $42.18/SF
− OpEx
−$50.1K −$10.55/SF
NOI
$150.3K $31.64/SF
Area
ZIP 11220
Vacancy
7.50%
Lease Rate
$45.60 /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%
$3,005,320
Cap Rate 7%
$2,146,657
Cap Rate 9%
$1,669,622
Alternative Uses
Best Use
Specialty Retail
$2.15M
$1.88M – $2.50M
NOI $150,266 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.69M – $3.59M
NOI $215,551 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,480
Businesses Nearby
227k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 44%
Groceries 7%
Electronics 4%
McDonald's
Dining
29,356 visits/mo
0.1 miles
Wendy's
Dining
24,532 visits/mo
0.4 miles
BP
Shops & Services
24,242 visits/mo
0.1 miles
McDonald's
Dining
21,090 visits/mo
0.5 miles
Capital One Bank
Shops & Services
19,243 visits/mo
0.4 miles
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Turk Caterers - Glatt kosher catering - — 790 E 91st St, Brooklyn, NY 11236
- DEE THE ON SITE CATERER LLC — 980 Schenectady Ave #11203-4212, Brooklyn, NY 11203
- Catering By Michael Schick — 9024 Foster Ave, Brooklyn, NY 11236
- Lucy's — 1033 E 92nd St, Brooklyn, NY 11236
- Pinkflavors — 293 E 45th St, Brooklyn, NY 11203
Frequently Asked Questions
What type of property is this?
Restaurant - Store plus three offices near Lutheran Hospital and Bush Terminal.
Where is this restaurant located?
The property is located at 135 58th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fully equipped restaurant with kitchen and **30+ seating capacity**.; Store plus 3 offices provide diverse income streams.; Excellent Transit Score (79).
