Bensonhurst Commercial Space For
For Sale
$3,690,000
2066 85th Street #1A 1A, Brooklyn, NY 11214
Four-story commercial building in the heart of Bensonhurst, Brooklyn.
Property Size4,670 SF
Price / SF$790.15
Days on Market168
Property Features for 2066 85th Street #1A 1A
General Information
Standard status
Active
Size
4,670 SF
Property subtype
Commercial
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Source:
Prideestates
Added: Mar 26
Changed: Sep 8
Last Checked: Aug 25 at 9:54AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Located in the Bensonhurst neighborhood of Brooklyn, Tower 85 is a 4-story commercial building. The property offers 1520 square feet of space and includes underground parking spaces. It is situated in close proximity to Brooklyn's Chinatown, which features Asian cuisine, supermarkets, and bakeries. Transportation options include the "D" train and buses, with convenient access to the Expressway. The property is suitable for various community facility uses, such as a medical center, school, or daycare.
Key Highlights
- New condominium development in the heart of Bensonhurst.
- Underground parking available.
- Keyless entry and monitor intercom system.
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
$128,570
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
3.48%
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%
$2,571,400
$2.6M
Cap Rate 7%
$1,836,714
$1.8M
Cap Rate 9%
$1,428,556
$1.4M
Market Conditions
NOI Build-Up for 4,670 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
$213.0K $45.60/SF
− Vacancy
−$41.5K −$8.89/SF
EGI
$171.4K $36.71/SF
− OpEx
−$42.9K −$9.18/SF
NOI
$128.6K $27.53/SF
Area
ZIP 11214
Vacancy
19.50%
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%
$2,571,400
Cap Rate 7%
$1,836,714
Cap Rate 9%
$1,428,556
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,570 @ 7.0% cap · market cap 3.48%
Second Best
Healthcare Medical
$1.47M
$1.29M – $1.72M
NOI $102,970 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,697 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,149
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 building - Four-story commercial building in the heart of Bensonhurst, Brooklyn.
Where is this office building located?
The property is located at 2066 85th Street #1A 1A Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,690,000.
What are key features of this property?
This property features: New condominium development in the heart of Bensonhurst.; Underground parking available.; Keyless entry and monitor intercom system.
