Ground-Floor Office
New
For Sale
Contact for pricing
408 Lefferts Ave, Brooklyn, NY 11225
Brand-new space with prominent street frontage and vanilla-box delivery for custom build-out.
Property Size3,000 SF
Price / SF$666.67
Days on Market7
Property Features for 408 Lefferts Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
OFFICE
Space & Availability
Floor
Ground Floor
Furnished
No
Additional Details
Road Access
Yes
Listing Agency:
The Corcoran Group | Brooklyn Heights
(347) 306-4996
Listed By:
Salomon Danielov · License #10401221164
(347) 306-4996
Source:
Moodyscre
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 4 at 12:01PM
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 The Corcoran Group | Brooklyn Heights
Investment Insights
Based on property information with market context.
This brand-new office unit provides 3,000 square feet of ground-floor commercial space at 408 Lefferts Ave in Brooklyn. Delivered in vanilla-box condition, the premises allows the occupant to plan a custom interior build-out around its operational requirements. The space is identified as suitable for medical office, daycare, school, and other community-based uses.
Prominent street frontage adds direct exposure along Lefferts Ave, while the ground-floor configuration supports convenient access. A long-term tax abatement is already in place for the property. The offering is located in the Wingate neighborhood and presents a flexible commercial setting for an office or community-oriented organization.
Prominent street frontage adds direct exposure along Lefferts Ave, while the ground-floor configuration supports convenient access. A long-term tax abatement is already in place for the property. The offering is located in the Wingate neighborhood and presents a flexible commercial setting for an office or community-oriented organization.
Key Highlights
- 3,000 SF of brand‑new ground‑floor commercial space
- Vanilla‑box delivery supports a custom build‑out
- Prominent street frontage along Lefferts Ave
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 | $129.6k | $43.20 |
| − Vacancy | −$29.8k | −$9.94 |
| EGI | $99.8k | $33.26 |
| − OpEx | −$24.9k | −$8.32 |
| NOI | $74.8k | $24.95 |
3,000 SF · lease $43.20/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.07M
$935.6K – $1.25M
NOI $74,844 @ 7.0% cap · market cap 3.74%
Second Best
Healthcare Medical
$993.6K
$869.4K – $1.16M
NOI $69,552 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,919
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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 space with prominent street frontage and vanilla-box delivery for custom build-out.
Where is this office units located?
The property is located at 408 Lefferts Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 3,000 SF of brand‑new ground‑floor commercial space; Vanilla‑box delivery supports a custom build‑out; Prominent street frontage along Lefferts Ave
