Office Condominium
4-867 53rd St Brooklyn, NY 11232
For Sale
$1,150,000
Fourth-floor office condo unit with elevator access, 1,439 sq. ft., currently vacant and ready for use.
Property Size1,439 SF
Price / SF$799.17
Days on Market113
Property Features for 4-867 53rd St
General Information
- Standard status
- Active
- Size
- 1,439 SF
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yan Mei (Jamie) Zheng
(917) 708-9966
Source:
Exprealty
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 23 at 9:19AM
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 at 4-867 53rd St, Brooklyn, NY, this offering is the fourth of seven commercial condo units available in the building. The unit is on the fourth floor and consists of 1,439 sq. ft. of flexible space, currently vacant and ready to accommodate a variety of potential uses. The building is described as being in excellent condition and includes elevator access.
The property is presented as coming with a 15-year tax abatement. Owner financing is also available at a 6% rate, with the option to close. The building is positioned near major banks and a wide range of shopping options. Buyers may also have the option to purchase all units together.
The property is presented as coming with a 15-year tax abatement. Owner financing is also available at a 6% rate, with the option to close. The building is positioned near major banks and a wide range of shopping options. Buyers may also have the option to purchase all units together.
Key Highlights
- Fourth‑floor commercial condo office unit with elevator access
- 1,439 sq. ft. of versatile space, currently vacant and ready for use
- One of seven commercial condo units available; buyers can purchase all units together
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 | $62.2k | $43.20 |
| − Vacancy | −$14.3k | −$9.94 |
| EGI | $47.9k | $33.26 |
| − OpEx | −$12.0k | −$8.32 |
| NOI | $35.9k | $24.95 |
1,439 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$512.9K
$448.8K – $598.3K
NOI $35,900 @ 7.0% cap · market cap 3.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,404 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Fourth-floor office condo unit with elevator access, 1,439 sq. ft., currently vacant and ready for use.
Where is this office units located?
The property is located at 4-867 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Fourth‑floor commercial condo office unit with elevator access; 1,439 sq. ft. of versatile space, currently vacant and ready for use; One of seven commercial condo units available; buyers can purchase all units together
